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.» Read More
July 21- Staffing company ManpowerGroup Inc reported a 5.6 percent rise in quarterly revenue, helped by a recovery in hiring in Europe. The company's revenue increased to $5.32 billion, with revenue from Europe rising 9 percent to $3.50 billion.
DETROIT— Rising sales helped boost hiring and wages at U.S. businesses in the second quarter, and companies are optimistic that the trends will continue this fall, according to a new survey by the National Association for Business Economics.
A Congressional Budget Office report earlier this year lent some support for that view. It found that a minimum wage of $10.10 an hour, as President Obama supports, could cost 500,000 jobs nationwide.
The US won the Cold War largely because Reagan had a strong economy to back him up. Obama has broken that link—and Putin knows it, says Larry Kudlow.
CNBC's Tyler Mathisen looks ahead to what are likely to be next week's top business and financial stories.
SACRAMENTO, Calif.— The unemployment rate in California dipped to 7.4 percent in June to the lowest figure in six years, officials reported Friday. The state gained 24,200 jobs during the month, bringing the total to more than 1.35 million jobs added since February 2010, when the jobless number hit a peak of 12.4 percent, the Employment Development Department said.
Louisiana's unemployment rate was 6.4 percent in June 2013. Both sets of figures— adjusted to cancel out normal seasonal changes— were released Friday by the U.S. Labor Department.
SALT LAKE CITY— The rate of unemployed Utah residents has dropped for the fourth straight month, falling to 3.5 percent in June. Utah's jobless rate has been inching down as the state has recovered from the economic recession, when unemployment peaked at 8.4 percent. Before the economic slowdown in late 2008, Utah's rate hovered around 3.4 percent.
LITTLE ROCK, Ark.— State officials say Arkansas' unemployment rate has dropped to its lowest rate in more than five years. The Arkansas Department of Workforce Services says the state's unemployment rate dropped two-tenths of a percentage point in June to 6.2 percent.
RICHMOND, Va.— Virginia's unemployment rate inched up in June to 5.3 percent, the second consecutive monthly increase. Virginia's unemployment rate continues to be below the national rate, which was 6.1 percent in June.
JACKSON, Miss.— Mississippi's unemployment rate rose to worst in the nation at 7.9 percent in June, as the state's economic recovery lags behind others. Phil Bryant, who has made economic development a central focus, acknowledged the poor figure but said Mississippi's economy has improved since he took office.
WASHINGTON— Since the Great Recession officially ended in June 2009, the U.S. economy has generated 7.8 million jobs. North Dakota, benefiting from an oil and gas drilling boom, has created nearly 98,000 jobs over the past five years, a 27 percent increase-- by far the best in the country.
Figures released Friday by the state Department of Workforce Development show Indiana's jobless mark went up by two-tenths of a percentage point from May. The last time Indiana recorded rise in the unemployment rate was when it went up slightly to 8.2 percent in September 2012.
AUGUSTA, Maine— State officials say that Maine's unemployment rate fell to 5.5 percent in June. June was the 81st consecutive month that Maine's employment to population ratio was below the national average. Maine's unemployment rate was also lower than the average of New England states, which was 5.7 percent.
Last month's seasonally adjusted figure matched the May jobless rate for Texas, halting three months of declines in statewide unemployment rates. The Texas economy added 19,100 seasonally-adjusted total nonfarm jobs in June for a total of 371,000 jobs added in the past year, according to the Austin- based TWC.
PROVIDENCE, R.I.— Rhode Island's unemployment rate of 7.9 percent is now tied for the worst in the country with Mississippi. Rhode Island has had the highest rate in the U.S. for months. The state Department of Labor and Training reported Thursday that the Rhode Island rate fell three-tenths of a percentage point from May to its lowest level since July 2008.
RALEIGH, N.C.— North Carolina's unemployment rate remained flat for June, as the number of people with full-time jobs slipped slightly from the prior month. The state Commerce Department reported Friday that North Carolina's unemployment rate was 6.4 percent in June, which was the same rate reported for May.
Nebraska, Utah and Vermont had the second-lowest rate in the nation last month, trailing only the 2.7 percent of North Dakota. The Nebraska Labor Department said the new Nebraska figure remained well below the preliminary national unemployment rate of 6.1 percent in June, which was two-tenths of a point below the revised May figure of 6.3 percent.
CHAMPAIGN, Ill.— Illinois' unemployment rate fell to 7.1 percent in June, driven to its lowest level since October 2008 by a fourth straight month of improvement, the state Department of Employment Security said Thursday.
PHOENIX— Arizona's unemployment rate rose to 6.9 percent in June, up from 6.8 percent the month before. State economists said Thursday that by comparison, Arizona's jobless rate was 8.1 percent a year ago. Arizona lost 39,500 nonfarm jobs in June.