JACKSON HOLE, Wyo, Aug 22- The Federal Reserve's intensive focus on a wide range of labor market data to guide policy-making is driving a wedge between its core decision-makers and others who feel the central bank is straying from traditional guideposts.» Read More
*Structural shifts in labor market complicating Fed's task- Yellen. *Fed chief calls for "pragmatic" policy approach.
JACKSON HOLE, Wyoming— If anyone thought Janet Yellen might clarify her view of the U.S. job market in her speech here Friday, the Federal Reserve chair had a message:. The picture is still hazy. "Uncertainty is the key word," said Ian Shepherdson, chief economist at Pantheon Economics.
WASHINGTON— Yellen says shifts in job market since Great Recession make Fed rate decisions more difficult.
*Structural shifts in labor market complicating Fed's task. *Fed chief calls for "pragmatic" policy approach.
YELLEN URGES CAUTION IN JUDGING THAT RECENT WAGE DATA POINTS TO WEAKER LABOR CONDITIONS THAN INDICATED BY UNEMPLOYMENT RATE.
MEXICO CITY, Aug 22- Mexican annual inflation remained above the central bank's tolerance ceiling in early August but eased slightly versus late July, boding for steady borrowing costs ahead. The unadjusted jobless rate stood at 5.47 percent in July, well above the 4.8 percent rate the prior month and marking the highest percentage since September 2011.
Aug 22- Automation and increasingly sophisticated computers have boosted demand for both highly educated and low-skilled workers around the globe, while eroding demand for middle-skilled jobs, according to research to be presented to global central bankers on Friday.
Banks fear competition for top talent from tech companies that can offer similarly high pay combined with luxurious benefits. The NYT reports.
A trade group for the nation's big airlines predicts that air travel over the Labor Day weekend will rise 2 percent from the same holiday last year. Nine leading U.S. carriers earned $3.8 billion in the first half of this year, allowing them to pay down debt, reward shareholders and order new planes.
WASHINGTON, Aug 21- U.S. home resales rose to a 10- month high in July and the number of Americans filing new claims for unemployment benefits fell last week, signaling strength in the economy early in the third quarter.
Applications for U.S. unemployment benefits tumbled last week and are now at levels consistent with a healthy job market.
*Platinum falls to 3- month lows. LONDON, Aug 21- Gold slid around 1 percent to its lowest in two months on Thursday, extending losses to a fifth session on a firm dollar and after slightly better than expected U.S. jobless claims fed expectations for an early interest rate hike.
*Family Dollar rejects Dollar General buyout offer. NEW YORK, Aug 21- U.S. stocks were set for a slightly higher open on Thursday, after jobless claims data pointed to continued improvement in the labor market and before the start of a meeting of top central bankers and economists in Jackson Hole, Wyoming.
WASHINGTON, Aug 21- The number of Americans filing new claims for unemployment benefits fell slightly more than expected last week, pointing to a sustained improvement in labor market conditions. Initial claims for state unemployment benefits declined 14,000 to a seasonally adjusted 298,000 for the week ended Aug. 16, the Labor Department said on Thursday.
WASHINGTON— Fewer people applied for U.S. unemployment benefits last week, another sign the job market is improving. The Labor Department said Thursday that weekly claims for jobless aid fell 14,000 last week to a seasonally adjusted 298,000. The prior week's figures were revised up slightly to 311,000..
WASHINGTON, Aug 21- The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to a sustained improvement in labor market conditions. Initial claims for state unemployment benefits declined 14,000 to a seasonally adjusted 298,000 for the week ended Aug. 16, the Labor Department said on Thursday.
RIO DE JANEIRO— Nivea dos Santos got her first job as a live-in maid at age 12, dusting, vacuuming, ironing and polishing the silver of a wealthy Rio de Janeiro family from dawn until she'd fall, exhausted, into bed. More than two decades later, Brazil has passed legislation aimed at preventing such abuses.
WASHINGTON, Aug 20- The Federal Reserve has been surprised by how quickly the U.S. labor market is healing but doesn't want to bring forward a planned rate hike until the recovery looks more convincing, according to minutes of its last policy meeting.
Jamie Jenkins, labor market analyst at ONS and Laura Gardiner, senior research and policy analyst at Resolution Foundation, discuss the rise of self-employment in the U.K. and the implications for the economy.
CNBC's Jeff Cox explains how job growth over the past year continues to be strongest in lower-wage industries, where employment now exceeds pre-recession levels by 2.3 million.