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Employment

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  • A central bank tug of war in 2015?  Friday, 26 Dec 2014 | 7:32 AM ET

    CNBC's Steve Liesman predicts the Federal Reserve will raise rates in the summer of 2015, among other predictions for the New Year.

  • SEATTLE— Washington state's minimum wage will rise to the highest in the nation on Jan. 1. The Seattle Times reports that the minimum wage in the state will hit $9.47 an hour then. Washington and Oregon, along with 18 other states, are set to increase their minimum wages on New Year's Day, according to the nonprofit National Employment Law Project.

  • *Initial jobless claims fall for fourth straight week. *Biotech shares rebound after sharp two-day decline; energy falls. NEW YORK, Dec 24- U.S. stocks closed flat in a short session on Wednesday as investors found few reasons to push major indexes to their sixth straight day of gains despite strength in biotechs and bullish labor market data.

  • NEW YORK/ LONDON, Dec 24- Gold fell near a three-week low on Wednesday as the latest piece of strong U.S. economic data fed the view that the Federal Reserve may bring forward the timing of a hike in U.S. interest rates. U.S. Labor Department data showed initial claims for state unemployment benefits dropped for the fourth straight week. Spot gold, initially supported...

  • *Initial jobless claims fall for fourth straight week. *Equity markets close at 1 p.m. in holiday-shortened session. NEW YORK, Dec 24- U.S. stocks edged higher on Wednesday, with the Dow and S&P 500 at records and on track for a sixth straight daily advance as biotech stocks rallied and data pointed to improving economic conditions.

  • UPDATE 2-U.S. jobless claims fall to seven-week low Wednesday, 24 Dec 2014 | 10:23 AM ET

    WASHINGTON, Dec 24- The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, underscoring the economy's sustained strength. Initial claims for state unemployment benefits dropped 9,000 to a seasonally adjusted 280,000 for the week ended Dec. 20, the Labor Department said on Wednesday. Any job losses are just normal...

  • NEW YORK, Dec 24- U.S. stocks edged higher at the open on Wednesday on top of a five-day winning streak that pushed the Dow and S&P 500 to new closing records and on the latest piece of economic data indicating the economy is strengthening.

  • NEW YORK, Dec 24- U.S. stocks were set for a modestly higher open on Wednesday on the heels of a five-day winning streak that pushed the Dow and S&P 500 to new closing records and on the latest piece of economic data indicating the economy is strengthening. "Economic data has been consistently positive," said Peter Kenny, chief market strategist at Clearpool Group in...

  • WASHINGTON, Dec 24- The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, underscoring the economy's enduring strength. Initial claims for state unemployment benefits dropped 9,000 to a seasonally adjusted 280,000 for the week ended Dec. 20, the Labor Department said on Wednesday. U.S. financial markets were little...

  • Applications for US jobless aid fall to 7-week low Wednesday, 24 Dec 2014 | 8:34 AM ET

    WASHINGTON— The number of Americans applying for unemployment benefits has reached its lowest level in seven weeks, a sign that the U.S. economy and job market are steadily improving. The Labor Department said Wednesday that applications for unemployment benefits dropped 9,000 last week to a seasonally adjusted 280,000.. "What we have seen in the data over the...

  • U.S. jobless claims fall for fourth straight week Wednesday, 24 Dec 2014 | 8:30 AM ET

    WASHINGTON, Dec 24- The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, underscoring the economy's enduring strength. Initial claims for state unemployment benefits dropped 9,000 to a seasonally adjusted 280,000 for the week ended Dec. 20, the Labor Department said on Wednesday. A Labor Department analyst said...

  • 2015: The year jobs surge in the U.S.  Wednesday, 24 Dec 2014 | 8:00 AM ET

    Despite market volatility, CNBC anchors are optimistic that employment growth will be robust in the months ahead.

  • *Equity markets close at 1 p.m. in holiday-shortened session. NEW YORK, Dec 24- U.S. stock index futures were little changed on Wednesday, after a five-day winning streak pushed the Dow and S&P 500 to new closing records and ahead of data on the labor market. *Equity markets will operate on a shortened trading schedule Wednesday, closing at 1 p.m. ahead of the Christmas...

  • Ahead of the Bell: US unemployment benefits Wednesday, 24 Dec 2014 | 6:29 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 Wednesday at 8:30 a.m. Eastern. MINOR INCREASE: Economists forecast that weekly applications rose 1,000 to a seasonally adjusted 290,000, according to a survey by data provider FactSet.

  • French jobless ticks up to new record in November Wednesday, 24 Dec 2014 | 6:00 AM ET

    PARIS, Dec 24- More people were unemployed in France in November than ever before, data showed on Wednesday, highlighting continued weak activity in the euro zone's second-largest economy. The Labour Ministry said the jobless total in mainland France rose by 27,400 to 3,488,300, a 0.8 percent increase over one month and 5.8 percent over one year.

  • US minimum wage hikes to impact Walmart Wednesday, 24 Dec 2014 | 2:21 AM ET

    Minimum wage hikes across the US will prompt Wal-Mart Stores to adjust base salaries at 1,434 stores, impacting about a third of its U.S. locations.

  • US stocks eke out gains in abbreviated trading day Wednesday, 24 Dec 2014 | 12:52 AM ET

    Investors welcomed Labor Department data showing that applications for unemployment benefits fell last week to the lowest level in seven weeks. The news came a day after the Commerce Department estimated that the economy grew in the July-September quarter at the fastest pace in 11 years. "We're still giddy after yesterday's GDP," said Chris Gaffney, a senior...

  • Price plunge puts oil patch jobs at risk Tuesday, 23 Dec 2014 | 1:54 PM ET
    A derrick hand for Raven Drilling, works on an oil rig drilling into the Bakken shale formation outside Watford City, North Dakota.

    Whlie falling oil prices are helping the U.S. economy, job prospects in the oil patch aren't so bright.

  • If Santa got paid, here's how much he'd earn Tuesday, 23 Dec 2014 | 10:59 AM ET

    Insure.com crunched government stats to match parts of Santa's job to a real-world job title and salary. NBC's TODAY reports.

  • Judge strikes down wage boost for some home workers Tuesday, 23 Dec 2014 | 7:02 AM ET

    WASHINGTON— A federal judge on Monday struck down Labor Department regulations that would have meant higher pay for some home health care workers. President Barack Obama had announced the rules in 2011 as part of his effort to boost the economy and help about 2 million home care workers without going through Congress. Leon said that the exemption enjoyed by...