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Employment

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  • Michigan's unemployment rate shows seasonal rise Thursday, 24 Jul 2014 | 3:48 PM ET

    LANSING, Mich.— Michigan authorities say the state experienced a typical seasonal increase in unemployment in the latest month. The department says June's unemployment rates ranged from a low of 5.7 percent in the Ann Arbor and Grand Rapids regions to a high of 9.2 percent in populous metropolitan Detroit.

  • CNBC's Patti Domm discusses the potential levers for fed action and the labor market.

  • Gold prices sink following better economic news Thursday, 24 Jul 2014 | 3:28 PM ET

    Gold slipped to its lowest level in a month on Thursday as signs of an improving economy lured traders into other investments. The Labor Department said Thursday that the number of people applying for unemployment benefits last week dropped to the lowest level since February 2006, almost two years before the Great Recession started.

  • *U.S. stocks edge up along with MSCI world index. "The lower-than-expected U.S. initial jobless claims has made people focus on the improving labor market situation," said Ian Lyngen, senior government bond strategist, at CRT Capital in Stamford, Connecticut.

  • Across US job market, layoffs are becoming rare Thursday, 24 Jul 2014 | 2:56 PM ET

    WASHINGTON— The risk of losing your job is getting smaller and smaller. As the U.S. economy has improved and employers have regained confidence, companies have been steadily shedding fewer workers.

  • WASHINGTON, July 24- The number of Americans filing new claims for unemployment benefits fell to the lowest level in nearly 8-1/ 2 years last week, suggesting the labor market recovery was gaining traction. "The economy is doing better," said Ryan Sweet, a senior economist at Moody's Analytics in West Chester, Pennsylvania.

  • *U.S. stocks edge up along with MSCI world index. "The lower-than-expected U.S. initial jobless claims has made people focus on the improving labor market situation," said Ian Lyngen, senior government bond strategist, at CRT Capital in Stamford, Connecticut.

  • US stocks rise at midday on stronger earnings Thursday, 24 Jul 2014 | 12:12 PM ET

    United Continental Holdings jumped 3 percent. United Airlines profit in the second quarter topped expectations and marked a turnaround from the first quarter, when it was the only major U.S. carrier to report a loss. The Labor Department said weekly applications for unemployment aid dropped to their lowest reading since February 2006.

  • 'Mediocre' US economy's missing link Thursday, 24 Jul 2014 | 11:51 AM ET
    A job seeker leaves his contact information at a career fair held by Union Square Hospitality Group in New York.

    If this turning point comes, the U.S. may soon see the fortunes of middle- and lower-class workers rising.

  • US STOCKS-Results, jobs data buoy Wall St, S&P eyes 2,000 Thursday, 24 Jul 2014 | 10:54 AM ET

    NEW YORK, July 24- The S&P 500 hit a record high for a third straight session on Thursday, lifted by jobs data and earnings, but a weak reading in new home sales kept other key stock indexes little changed.

  • *Weekly jobless claims fall 19,000. WASHINGTON, July 24- The number of Americans filing new claims for unemployment benefits fell to the lowest level in nearly 8-1/ 2 years last week, suggesting the labor market recovery was gaining traction.

  • NEW YORK, July 24- U.S. Treasury debt prices fell on Thursday after data showed initial jobless claims in the world's largest economy dropped to their lowest in more than eight years, but losses may be limited by safe-haven buying given ongoing tensions in the Middle East and Ukraine.

  • Health care jobs lift less-educated workers Thursday, 24 Jul 2014 | 10:01 AM ET

    Health care workers with less than a four-year degree make up 61% of the industry's 12.1 million employees, USA Today reports.

  • WASHINGTON, July 24- The number of Americans filing new claims for unemployment benefits fell to the lowest level in nearly 8-1/ 2 years last week, suggesting the labor market recovery was gaining traction.

  • How states fared on unemployment benefit claims Thursday, 24 Jul 2014 | 8:58 AM ET

    WASHINGTON— Applications for U.S. unemployment benefits plunged last week, a sign that the economy is building strength. The Labor Department said Thursday that applications for jobless aid fell 19,000 to a seasonally adjusted 284,000. The fewest people sought benefits since February 2006, almost two years before the start of the Great Recession.

  • US unemployment aid applications drop to 284,000 Thursday, 24 Jul 2014 | 8:37 AM ET

    WASHINGTON— The number of people seeking U.S. unemployment benefits fell last week to its lowest level in more than eight years. Weekly applications for unemployment aid dropped 19,000 to a seasonally adjusted 284,000, the Labor Department said Thursday.

  • WASHINGTON, July 24- The number of Americans filing new claims for unemployment benefits fell to the lowest level in nearly 8-1/ 2 years last week, suggesting the labor market recovery was gaining traction.

  • Ahead of the Bell: US Unemployment Benefits Thursday, 24 Jul 2014 | 6:46 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 at 8:30 a.m. Eastern on Thursday. The four-week average, a less volatile measure, dropped 3,000 to 309,000, the level since June 2007, about five months before the start of the recession.

  • Spanish jobless falls as recovery gains traction Thursday, 24 Jul 2014 | 3:50 AM ET

    MADRID— Official figures show that Spain's unemployment rate edged down to 24.5 percent in the second quarter from 25.9 percent in the previous three-month period, a further sign that the economy's recovery is gaining traction and making solid inroads into the labor market.

  • Task force collects $15.6M in unpaid wages, taxes Wednesday, 23 Jul 2014 | 12:03 AM ET

    BOSTON— A multi-agency task force in Massachusetts charged with recovering money lost in the underground economy has collected more than $15.6 million. Massachusetts Labor Secretary Rachel Kaprielian said the money included unpaid wages, back taxes, unemployment insurance premiums, fines and penalties.