President Obama has proposed changing the rules defining when workers get overtime pay, with potentially far-reaching effects.» Read More
Treasuries prices edged lower on Thursday on better-than-expected U.S. retail sales and jobless claims data, but lingering concerns over China's economy and geopolitical tensions in Russia and Ukraine limited losses.
WASHINGTON, March 13- U.S. retail sales rebounded in February and new applications for unemployment benefits hit a fresh three-month low last week, suggesting some strength in the economy after harsh weather abruptly slowed activity in recent months.
NEW YORK, March 13- U.S. stock index futures added to gains after data showed weekly initial jobless claims fell to a three-month low and retail sales rose slightly more than anticipated in February.
WASHINGTON-- The Labor Department reports on the number of people who applied for U.S. unemployment benefits last week. The report will be released at 8:30 a.m. Eastern Thursday. SMALL REBOUND LIKELY: Economists forecast the number of people seeking benefits will rise 7,000 to a seasonally adjusted 330,000, according to a survey by FactSet.
Discussing President Obama's stance on minimum wage and overtime pay, with Dan Mitchell, Senior Fellow at the Cato Institute, and Dean Baker, co-director for Center for Economic and Policy Research.
You can pick your friends, but you can’t pick your office neighbor. Here are some types of cubicle dwellers you hope you won't sit next to.
Sen. Rob Portman, (R-OH), shares his ideas on how to fix America's jobs crisis and reduce the jobless rate. The workforce participation rate is at historic lows for men, says Portman.
Mark Cahill, regional managing director of ManpowerGroup EMEA, says the worst hit countries in Europe have shown positive hiring intentions for 2014.
The Philly Fed president is the latest central banker to suggest that weakness in the labor market is only temporary.
NEW YORK, March 7- Friday's stronger-than-expected payrolls report did more than ease concerns about U.S. economic fundamentals- it also seemed to justify Wall Street's record levels, suggesting the market's uptrend could continue.
*Putin rebuffs Obama as Ukraine crisis escalates. NEW YORK, March 7- U.S. stocks finished mostly higher on Friday, with the S&P 500 closing at a record after more jobs than expected were created in February and January's figure was revised higher.
CNBC's Tyler Mathisen looks ahead to what are likely to be next week's top business and financial stories. Traders are still looking at the weather and Ukraine. Business inventories may grow, and the Labor Department will issue a report on just how many jobs were open.
*Gold posts 5th straight weekly gain on Ukraine tensions. NEW YORK/ LONDON, March 7- Gold tumbled 1 percent on Friday after data showed U.S. job growth accelerated sharply, easing fears of an abrupt economic slowdown and keeping the Federal Reserve on track to continue reducing its monetary stimulus.
TOKYO _ GDP revision, Bank of Japan policy meeting begins. WASHINGTON _ Commerce Department releases wholesale trade inventories for January, 10 a.m. Eastern; Labor Department releases job openings and labor turnover survey for January, 10 a.m..
NY Fed President William Dudley outlined some bright spots in the US recovery from recession, but he stressed that the labor market is still hobbled.
CNBC's Patti Domm and Jeff Cox discuss the latest jobs report and how it turned out to be better than expected.
Job creation accelerated in February, posting a better-than-expected gain of 175,000 despite expectations that weather would keep the count low.
*Gold still heads for weekly gain on Ukraine tensions. LONDON, March 7- Gold tumbled more than 1 percent on Friday after stronger-than-expected U.S. jobs data helped soothe fears of an abrupt slowdown in the world's biggest economy. Gold futures for April delivery fell $16.70 to $1,335.00 an ounce.
NEW YORK, March 7- The dollar rose on Friday, boosted by an unexpectedly large jump in U.S. jobs growth that touched off enough buying to lift the greenback from a four-month low.
Labor Secretary Thomas Perez, weighs in on this morning's employment data. We are moving in the right direction, but we have a heck of a lot more work to do, says Perez, in sharing his thoughts on infrastructure, immigration and education.