Microsoft's mangled layoff memo offers a lesson in how to write a crappy, insensitive note to employees, says career coach Marie McIntyre.» Read More
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.
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.
WASHINGTON— Declaring the Great Recession only partly to blame, White House economists say the increasing number of Americans dropping out of the labor force dampens economic growth and demands policy changes that create more job opportunities and add workers.
PROVIDENCE, R.I.— Rhode Island's unemployment rate dropped to 7.9 percent in June, but the state shed several hundred jobs. The state Department of Labor and Training reported Thursday that the unemployment rate fell three-tenths of 1 point from May to its lowest level since July 2008.
The government should not expect an influx of workers, a Fed official said, raising a point that goes against the view of Fed Chair Janet Yellen.
MADISON, Wis.— Wisconsin's unemployment rate is holding steady. The state Department of Workforce Development reported Thursday that the unemployment rate was 5.7 percent in June, unchanged from May. More reliable numbers are released quarterly by the U.S. Bureau of Labor Statistics, but they lag the monthly figures.
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.
TRENTON, N.J.— Officials say New Jersey's unemployment rate inched down to 6.6 percent in June, its lowest level in more than five years. The report released Thursday by the state Labor Department and based on data collected by the U.S. Bureau of Labor Statistics shows the unemployment rate down 0.2 percentage points in June.
HARTFORD, Conn.— Connecticut's labor market continued to strengthen as employers added jobs for the fifth straight month in June, driving the unemployment rate to its lowest level in more than five years, the state Department of Labor reported on Thursday.
ATLANTA— The unemployment rate in Georgia climbed to 7.4 percent in June, a slightly increase from May. Georgia Labor Commissioner Mark Butler said Thursday that the increase in unemployment was attributable to regular seasonal fluctuations. Those include summer job losses among school workers and temporary layoffs in manufacturing.
YANGON, Myanmar— More than 700 workers protested Thursday in front of the South Korean Embassy in Myanmar to demand officials help them after a Korean-owned factory closed without paying their wages. The workers from the Master Sports Footwear Factory in Yangon said the owner closed the plant illegally and without notice in May and has left the country.
The company said it would cut up to 18,000 jobs and take restructuring charges of up to $1.6 billion.
The Labor Department says weekly applications for unemployment aid fell 3,000 to a seasonally adjusted 302,000. The less volatile four-week average has slipped to 309,000, the lowest reading since June 2007, about five months before the Great Recession began. California: Down 4,008, due to fewer layoffs in the service industry.
WASHINGTON, July 17- The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting the labor market recovery was gaining traction. "This part of economy is going in the wrong direction while the rest of the economy is picking up," said Anthony Karydakis, chief economic strategist at Miller Tabak in New York.
WASHINGTON— The number of people seeking U.S. unemployment benefits fell last week, a steady decline that suggests a strengthening job market. Weekly applications for unemployment aid dipped 3,000 to a seasonally adjusted 302,000, the Labor Department said Thursday.
WASHINGTON, July 17- The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting the labor market recovery was gaining traction. Initial claims for state unemployment benefits dropped 3,000 to a seasonally adjusted 302,000 for the week ended July 12, the Labor Department said on Thursday.
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. SLIGHT INCREASE: Economists forecast that weekly applications rose to 310,000, according to a survey by FactSet.
ST. PAUL, Minn.— New figures related to Minnesota's employment rate are being released. The state's Department of Employment and Economic Development planned Thursday to provide the unemployment rate for June. Minnesota's seasonally adjusted unemployment rate for May was 4.6 percent, the lowest level in seven years.
LANSING, Mich.— The state says Michigan's seasonally adjusted unemployment rate remained unchanged at 7.5 percent in the latest month. Michigan's jobless rate stood at 8.9 percent in June 2013. The state says that Michigan's civilian labor force was up slightly in June, rising by 1,000 to 4.744 million.