WASHINGTON— Labor Secretary Thomas Perez issued a final rule on Wednesday raising the minimum wage for employees of federal contractors to $10.10 an hour. The Labor Department said nearly 200,000 American workers will benefit from the new minimum, which takes effect Jan 1. Obama has proposed the higher pay level for all workers, but that has drawn resistance...» Read More
CNBC's Steve Liesman, and Mark Zandi, Moody's Analytics chief economist, provide perspective on the latest jobs numbers.
Ian Shepherdson, Pantheon Macroeconomics, provides insight on the impact of plunging gas prices on the economy and the upcoming holiday buying season.
BISMARCK, N.D.— North Dakota's unprecedented oil bonanza has boosted salaries throughout the state, though the male-dominated, high-paying energy industry also is widening the wage gap between men and women, the state's demographer said.
NEW YORK, Sept 30- U.S. Treasuries have oscillated from weakness on Friday to gains on Monday amid concerns that asset manager Pimco may need to liquidate positions if investor redemptions increase after the departure of co-founder Bill Gross.
NEW YORK— Mayor Bill de Blasio signed an executive order on Tuesday that expanded New York City's living wage law, increasing the hourly rate to $13.13 from $11.90 for workers who do not receive benefits. It strengthened a law that was approved by the City Council in 2012..
BERLIN— Germany's unemployment rate dipped to 6.5 percent in September as hiring picked up after the summer break. The Federal Labor Agency said Tuesday the unadjusted jobless rate fell from 6.7 percent in August, with 2.808 million people registered unemployed.
BERLIN, Sept 30- German joblessness increased unexpectedly in September but the jobless rate remained low and a surge in August retail sales offered hope that private consumption can help prop up Europe's largest economy in the third quarter.
BERLIN, Sept 30- German joblessness unexpectedly increased in September, the Labor Office said on Tuesday, in a further sign that Europe's largest economy remains subdued after contracting in the second quarter. The number of people out of work increased by 13,000 to 2.918 million, seasonally-adjusted data showed.
TOKYO, Sept 30- Japan's jobless rate shrank to 3.5 percent in August and the availability of jobs held steady at the highest in 22 years, reflecting recent improvement in the labor market.
About a quarter of workers were paid below minimum wage within the last week and three-quarters said they weren't paid for overtime, NBC reports.
Christmas season retail hiring is expected to significantly outpace the level seen in 2013.
Macy's plans to add 86,000 seasonal workers across its namesake and Bloomingdale's department stores this holiday.
CNBC's Tyler Mathisen looks ahead to next week's top business and financial stories, including September's expected jobs report, pending home sales and how the automakers did.
WETHERSFIELD, Conn.— The Connecticut Department of Labor has ordered Mystic Pizza, made famous by the 1988 Julia Roberts movie of the same name, to pay 110 employees more than $105,000 in wages for being paid less than minimum wage or not receiving overtime pay.
There is no shame in being unemployed—even if you're an executive. So shake the stigma and check out these tips from a headhunter.
In Thursday's The Good, The Bad and The Ugly: Richard Parsons—former Time Warner CEO and interim LA Clippers CEO—runs the gamut from minimum wage to European economies to scandals in sports
*Durable goods orders fall 18.2 percent on transportation. WASHINGTON, Sept 25- Orders for long-lasting U.S. manufactured goods in August posted their biggest drop on record after an aircraft-related boost, but a rebound in business spending plans pointed to underlying strength in the economy.
The Labor Department says weekly unemployment benefit applications rose 12,000 to a seasonally adjusted 293,000. Yet the four-week average, a less volatile measure, fell for the second straight week to 298,500.. Michigan: Down 2,473, due to fewer layoffs by wholesalers. New Jersey: Down 1,573, due to fewer layoffs in hotels, restaurants and construction.
WASHINGTON— The number of people seeking U.S. unemployment benefits increased last week after falling sharply two weeks ago. Weekly unemployment benefit applications rose 12,000 to a seasonally adjusted 293,000, the Labor Department said Thursday.
NEW YORK, Sept 25- U.S. stock index futures were little changed on Thursday, after the S&P 500 notched its biggest gain in a month, ahead of data on the labor market and durable goods. *Weekly initial jobless claims data, due at 8:30 a.m., may provide investors with some insight on the health of the labor market.