CNBC's Tyler Mathisen looks ahead to what are likely to be next week's top business and financial stories. More earnings results next week. Starbucks and Netflix may have been helped by the bad winter. Also, the Boston Marathon is next week, and 36,000 runners will participate.» Read More
WASHINGTON— A Senate Democratic bill gradually increasing the federal minimum wage to $10.10 hourly would require private businesses to spend $15 billion more in salaries when it takes full effect in 2017, the Congressional Budget Office estimated Thursday.
MADISON, Wis.— Wisconsin's unemployment is down to 5.9 percent, its lowest level since November 2008. The state Department of Workforce Development reported Thursday that the unemployment rate was 5.9 percent in March, down from 6.1 percent in February.
NEW YORK, April 17- U.S. Initial claims for state unemployment benefits ticked up 2,000 to a seasonally adjusted 304,000 for the week ended April 12, the Labor Department said on Thursday. The Philadelphia Federal Reserve Bank also said factory activity in the U.S. mid-Atlantic region expanded in April at a faster clip than expected.
TOPEKA, Kan.— Unemployment held steady in Kansas during March, staying at a seasonally adjusted rate of 4.9 percent in March, the same as in February. The Kansas Department of Labor says Thursday that the rate compares with 5.5 percent from March 2013. Labor officials say that Kansas added 2,200 private-sector jobs in March and more than 17,000 in the past 12 months.
TRENTON, N.J.— Preliminary data show New Jersey's unemployment rate inched up to 7.2 in March from 7.1 the previous month as the state lost 1,300 jobs. The report released Thursday by the state Labor Department shows private sector employment declined by 700 jobs, but says that sector has added 2,200 jobs since March 2013.
"The economy is stronger than you think," said Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi UFJ in New York. Initial claims for state unemployment benefits ticked up 2,000 to a seasonally adjusted 304,000 for the week ended April 12, the Labor Department said on Thursday, staying close to a 6-1/ 2 year low touched the prior week.
Commissioner Katie Clark Sieben said Minnesota has 33,000 more jobs than its all-time employment peak. Steve Hine, research director at the agency, said Minnesota hit 2 million people in its labor force in 1978 and reached 2.5 million in 1993. It has taken longer to get the rest of the way.
CNBC's Rick Santelli reports the latest Philadelphia Fed index number.
WASHINGTON— Applications for U.S. unemployment benefits increased slightly last week to a seasonally adjusted 304,000. The four-week average for claims dipped to its lowest level since October 2007, two months before the Great Recession began. California: Down 13,982, due to fewer layoffs in services. Iowa: Down 1,266, due to fewer layoffs in manufacturing.
NEW YORK, April 17- U.S. Initial claims for state unemployment benefits ticked up 2,000 to a seasonally adjusted 304,000 for the week ended April 12, the Labor Department said on Thursday. "There is follow-through from yesterday, there was significant selling in the middle of the curve," said Tom Tucci, head of Treasuries trading at CIBC in New York.
WASHINGTON, April 17- New applications for unemployment benefits held near their pre-recession levels last week, offering further evidence of the economy's underlying strength. Initial claims for state unemployment benefits ticked up 2,000 to a seasonally adjusted 304,000 for the week ended April 12, the Labor Department said on Thursday.
WASHINGTON— The number of people seeking U.S. unemployment benefits last week rose 2,000 to a seasonally adjusted 304,000. Jobless claims continue to be near pre-recession levels despite the slight increase.
US TREASURIES YIELDS HIT SESSION HIGHS AFTER JOBLESS CLAIMS, 10- YEAR NOTES YIELD 2.66 PERCENT.
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 time Thursday. EASTER SURPRISE: The number of people seeking jobless aide has stayed at pre-recession levels for several months.
ATLANTA— State labor officials say Georgia's unemployment rate has dropped to 7 percent, the lowest rate since September 2008. The Georgia Department of Labor announced the new seasonally adjusted jobless rate on Thursday.
More than a dozen categories of jobs are exempt from the minimum, currently $7.25 an hour. Tom Harkin, D- Iowa, would gradually raise the minimum to $10.10 by 2016. The Congressional Budget Office estimates it would mean higher earnings for 16.5 million workers— but also would cost 500,000 others their jobs.
LANSING, Mich.— The state says Michigan's seasonally adjusted unemployment rate has hit its lowest level in six years, falling two-tenths of a percentage point to 7.5 percent. The department says Michigan's civilian labor force rose 11,000 to 4.730 million in March, while the number of people working rose 19,000 to 4.375 million.
OLYMPIA, Wash.— Washington state added an estimated 6,700 jobs in March and the unemployment rate is holding steady at 6.3 percent, according to a report released Wednesday by the state Employment Security Department. "The short-term trend looks good," Paul Turek, a labor economist with the department, said in a written statement.
Job prospects for this year's college graduates have changed a lot from last year, according to a new survey.
NEW YORK— Federal Reserve Chair Janet Yellen said Wednesday that the U.S. job market still needs help from the Fed and that the central bank must remain intent on adjusting its policy to respond to unforeseen challenges.