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Employment

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  • May 20- Michigan's seasonally adjusted unemployment rate fell to 5.4 percent in April, matching the national jobless rate for the first time since September 2000, Governor Rick Snyder said on Wednesday. Michigan's rate for last month dipped to 5.4 percent from 5.6 percent in March. "Reaching the national average after being dead last has been a priority as we've...

  • LA raises wages to $15, pressure on other cities Wednesday, 20 May 2015 | 3:05 PM ET
    Workers demanding the Los Angeles City Council to vote to raise the minimum wage Tuesday, May 19, 2015, in Los Angeles.

    As Los Angeles moves to raise the minimum wage to $15 an hour, a key question now is which other large cities might follow suit and hike pay.

  • A field with 25K more jobs than grads each year Wednesday, 20 May 2015 | 11:26 AM ET
    Farmer

    Nearly 60,000 agriculture-related job openings are expected annually over the next five years and only about 35,000 grads to fill them.

  • Europe far from full recovery despite growth Wednesday, 20 May 2015 | 11:19 AM ET
    Paris France Eiffel Tower

    Figures showing improvement in the eurozone's growth can't mask the currency union's long-term sluggishness.

  • The 5 US states where China invests the most Wednesday, 20 May 2015 | 6:00 AM ET
    Trucks make their way around the Smithfield Foods packaging plant in Smithfield, Virginia.

    A new report shows more than 80,000 Americans are employed by Chinese companies, up from 15,000 five years ago. Here's where those jobs are.

  • LOS ANGELES— Los Angeles is the latest and biggest city to endorse a hike in the minimum wage, adding to a string of successes for unions and advocates for the poor who have made it a primary objective as American wages stagnate. But even those who backed the City Council's vote for a $15- an-hour wage by 2020— more than double the current federal minimum requirement—...

  • ALBANY, N.Y.— Fast-food workers raised their voices across New York on Wednesday to demand a $15- an-hour minimum wage, calling on Gov. On Tuesday the Los Angeles City Council endorsed a plan to raise the city's minimum wage to $15 an hour. Seattle and San Francisco have approved a series of increases to take their minimum wages to $15 within a few years.

  • How far a $15 minimum wage goes in 6 US cities Tuesday, 19 May 2015 | 9:01 PM ET

    LOS ANGELES— The minimum wage in Los Angeles could increase to $15 an hour by 2020 under a plan given initial approval by the City Council. That's a 67 percent increase from the current minimum wage of $9 and would amount to annual pay of about $31,200. Figures are based on annual costs for one adult unless otherwise specified and were calculated by the Department...

  • LOS ANGELES— The Los Angeles City Council gave initial approval Tuesday to raising minimum pay in the nation's second-largest city to $15 an hour by 2020, a key step as wages in America have stagnated. If enacted, Los Angeles would join Seattle and San Francisco as some of the largest cities in the nation with phased-in minimum wage laws that eventually require...

  • Paid sick leave is a 'luxury' for many Tuesday, 19 May 2015 | 11:17 AM ET
    Shannon Henderson poses outside the Walmart store where she works as a part-time customer service representative, in Sacramento, California.

    Paid sick leave is the next frontier in the fight for the lowest earners. It has caught the attention of governments and companies alike.

  • The week ahead: Facebook IPO anniversary   Friday, 15 May 2015 | 4:02 PM ET
    The week ahead: Facebook IPO anniversary

    CNBC's Mandy Drury looks ahead to what are likely to be next week's top business and financial stories. Retailers report earnings this week. And Tim Cook gives the commencement speech at George Washington University in D.C.

  • Economists slash 2015 growth forecasts: Philly Fed Friday, 15 May 2015 | 10:35 AM ET
    A machinist operates a lathe at the Windle Mechanical Solutions manufacturing facility in Philadelphia.

    Economists cut their forecasts for US economic growth in the second quarter and full year, and trimmed expectations for labor market gains.

  • ALBANY, N.Y.— A state board established to examine raising the minimum wage for workers in fast-food restaurants plans hearings across the state in June. Buffalo Mayor Byron Brown, who chairs the board, has tentatively set public hearings June 5 in Buffalo and in the following three weeks in New York City, Long Island and Albany. The state's current minimum of $8.75...

  • May 14- U.S. stocks opened higher for the first time in four sessions on Thursday as weekly jobless claims fell and the dollar slid to its lowest in nearly four months, offering respite to U.S. multinationals. Initial claims for state unemployment benefits slipped 1,000 to a seasonally adjusted 264,000 for the week ended May 9, while the 4- week unemployment...

  • May 14- U.S. stocks opened higher on Thursday after weekly jobless claims fell to a 15- year low, indicating a strengthening labor market.

  • *Shake Shack climbs after raising forecast. May 14- Wall Street was set to open higher on Thursday as weekly jobless claims fell, suggesting that the labor market was on solid footing even as the economy struggles to regain momentum. It's not great, but it's not bad either, "said David O'Malley, chief executive of Penn Mutual Asset Management, which oversees about $20...

  • *Weekly jobless claims fall 1,000. WASHINGTON, May 14- The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, indicating the jobs market was on solid footing even as the economy struggles to regain momentum after abruptly slowing in the first quarter. Initial claims for state unemployment benefits slipped 1,000 to a...

  • WASHINGTON— The number of people seeking U.S. unemployment benefits ticked lower last week, pushing down the four-week average of applications to its lowest level since April 2000. Weekly applications fell 1,000 to a seasonally adjusted 264,000 last week, the Labor Department said Thursday. "Claims continue to show no sign of the labor market weakening— if...

  • U.S. jobless claims fall; 4-week average at 15-year low Thursday, 14 May 2015 | 8:30 AM ET

    WASHINGTON, May 14- The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, indicating the jobs market was on solid footing even as the economy struggles to regain momentum after abruptly slowing in the first quarter. Initial claims for state unemployment benefits slipped 1,000 to a seasonally adjusted 264,000 for...

  • US STOCKS-Futures higher ahead of weekly jobless data Thursday, 14 May 2015 | 7:36 AM ET

    May 14- U.S. stock index futures were higher on Thursday ahead of weekly jobless numbers, after the market closed little changed on Wednesday on weak April retail sales data. *Dow component Cisco fell 1.2 percent to $29 after the company beat estimates but said spending by telecom customers was not going to improve in the near future. *Puma Biotechnology shares...