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Employment

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  • US jobless aid applications rise to 283,000 Thursday, 23 Oct 2014 | 8:33 AM ET

    WASHINGTON— The number of people applying for U.S. unemployment benefits rose last week after falling to a 14- year low the previous week. Applications rose 17,000 last week to a seasonally adjusted 283,000, the Labor Department said Thursday. "More encouraging news on the U.S. job front," said Jennifer Lee, an economist at BMO Capital Markets.

  • WASHINGTON, Oct 23- The number of Americans filing new claims for unemployment benefits rose last week, but the underlying trend remained consistent with a firming labor market. Initial claims for state unemployment benefits increased 17,000 to a seasonally adjusted 283,000 for the week ended Oct. 18, the Labor Department said on Thursday.

  • Ahead of the Bell: US Unemployment Benefits Thursday, 23 Oct 2014 | 6:13 AM ET

    WASHINGTON— The U.S. Labor Department reports on the number of people who applied for unemployment benefits last week. The report will be released Thursday at 8:30 a.m. Eastern. HEALTHY JOB GAINS: U.S. businesses have already been adding jobs at a healthy pace.

  • Spanish jobless figure drops as economy picks up Thursday, 23 Oct 2014 | 3:32 AM ET

    MADRID— Spain's unemployment rate dropped to 23.7 percent in the third quarter from 24.5 percent in the previous three-month period thanks to a recovering economy and a bumper summer tourism season, official statistics showed Thursday. The number of jobless people fell by 195,200 July through September, leaving the total number of unemployed at a rounded...

  • New efforts to ban tobacco farm child labor Tuesday, 21 Oct 2014 | 12:45 PM ET

    "I think that many members of Congress have been shocked that children are suffering nicotine poisoning from working in U.S. tobacco fields," said Jo Becker, Human Rights Watch's children's rights advocacy director. Philip Morris International, which limits the type of work children can do on tobacco farms, says it would like to see stronger U.S. regulations in...

  • Unemployment rates fall in 31 US states last month Tuesday, 21 Oct 2014 | 10:43 AM ET

    WASHINGTON— Unemployment rates fell in 31 U.S. states in September, including in many where incumbent governors and senators face tough re-election campaigns. The Labor Department said Tuesday that unemployment rates rose in 8 states and were unchanged in 11 states. Colorado and Kentucky, two states with hard-fought Senate campaigns, experienced the...

  • Democrats love seeing minimum wage on the ballot Tuesday, 21 Oct 2014 | 1:03 AM ET

    CHICAGO— As Democrats across the country make an election-year push to raise the minimum wage, they often point to fast food workers, baristas and others who are struggling to raise families, pay rent or get through school— some on as little as $7.25 per hour. In one state, Illinois, the campaign to support the minimum wage would not actually raise the wage.

  • Look who's using flex time now Tuesday, 21 Oct 2014 | 12:01 AM ET
    Misha Tismenetsky, left, and Misha Rubin with Lia and Osi.

    Think of flexible work arrangements and you may imagine a working mother. But men are big users of flex time as well - with different consequences.

  • 11,500 jobs in Sept. cuts Conn.t jobless rate Monday, 20 Oct 2014 | 2:19 PM ET

    HARTFORD, Conn.— Employers in Connecticut added 11,500 jobs in September, cutting the unemployment rate to its lowest in nearly six years, the state Labor Department announced Monday. Andy Condon, the Department of Labor's research director, said some gains were expected, particularly in public education and leisure and hospitality affected by seasonal...

  • Survey: Pay raises rarer despite strong US hiring Monday, 20 Oct 2014 | 12:01 AM ET

    WASHINGTON— U.S. businesses were much less likely to boost pay in the third quarter than in previous months, even as hiring remained healthy, a sign that wage gains may remain weak in the coming months. A quarterly survey by the National Association for Business Economics found that only 24 percent of companies increased wages and salaries in the July-September...

  • CNBC's Tyler Mathisen looks ahead to what are likely to be next week's top business and financial stories. Apple Pay hits retailers. The new NBA season starts and so does the World Series.

  • Millennial job turnover not so bad: Labor study Friday, 17 Oct 2014 | 1:45 PM ET

    A new study shows the median tenure of workers ages 25 to 34 is only three years—less than a third of the tenure among people aged 55 to 64 years old.

  • What a 401(k) plan should really owe employees Friday, 17 Oct 2014 | 10:37 AM ET

    The U.S. Supreme Court is hearing a case on whether the trustees of a 401(k) plan should have considered an alternative with lower fees. NYT reports.

  • Ohio's September unemployment rate down Friday, 17 Oct 2014 | 3:02 AM ET

    COLUMBUS, Ohio— Ohio's unemployment rate fell slightly last month after holding steady for two months in a row, according to state numbers released Friday. The state's jobless rate was 5.6 percent for September, down from 5.7 percent in both July and August, according to the Ohio Department of Job and Family Services. The Ohio unemployment rate was slightly...

  • SYDNEY, Oct 17- London copper bounced off six-month lows on Friday after the U.S. economy showed signs of strength, but lingering global growth concerns kept a recovery in check as markets await China economic data next week. Copper prices slid to their weakest since April 15 at $6,535 a tonne on Thursday. China will publish GDP data on Oct. 21.

  • India's Modi kicks off overhaul of labor rules Thursday, 16 Oct 2014 | 7:45 PM ET
    Employees install interior panels and fittings to a Mahindra & Mahindra XUV 500 sport-utility vehicle (SUV) on the production line at the company's facility in Chakan, Maharashtra, India.

    India will simplify employment rules and ease the way for people changing jobs to move social security funds, Premier Modi said.

  • This is Australia's next growth driver Thursday, 16 Oct 2014 | 6:50 PM ET
    Skyline of Downtown Perth, Australia.

    Australia's once-booming resources sector is fizzling, but HSBC says a new engine may propel the economy: housing and infrastructure.

  • Kentucky jobless rate falls to 6.7 percent Thursday, 16 Oct 2014 | 2:44 PM ET

    FRANKFORT, Ky.— Kentucky officials say the state's unemployment rate in September dropped to its lowest rate in more than six years. The Kentucky Office of Employment and Training said Thursday the seasonally adjusted jobless rate fell to 6.7 percent last month, down from 7.1 percent in August. It's the lowest statewide jobless rate since July 2008, when the rate...

  • Rhode Island's unemployment rate at 7.6 percent Thursday, 16 Oct 2014 | 2:33 PM ET

    PROVIDENCE, R.I.— Rhode Island's unemployment rate for September was 7.6 percent, the same as the rate for August after it was revised downward. The state Department of Labor and Training reported the new figure on Thursday. Rhode Island's rate a year ago was 9.5 percent.

  • *Netflix tumbles after quarterly results. *UnitedHealth leads Dow, S&P higher. NEW YORK, Oct 16- U.S. stocks edged higher in afternoon trading Thursday, rebounding from earlier declines, as a flurry of economic reports eased fears about the potential impact of a weakening global economy on the United States.