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Employment

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  • 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.

  • Wyoming unemployment rate at 4 percent in June Tuesday, 22 Jul 2014 | 12:49 PM ET

    CHEYENNE, Wyo.— Wyoming's unemployment rate stood at 4 percent in June, down from 4.6 percent for the same month last year. The Research& Planning section of the Wyoming Department of Workforce Services reports that the state's unemployment rate has remained between 3.7 percent to 4 percent since March.

  • Microsoft's mangled layoff memo: What NOT to do Monday, 21 Jul 2014 | 12:42 PM ET
    Stephen Elop

    Microsoft's mangled layoff memo offers a lesson in how to write a crappy, insensitive note to employees, says career coach Marie McIntyre.

  • *Sees 3rd- qtr profit of $1.46- $1.54/ shr vs est $1.45. July 21- Staffing company ManpowerGroup Inc reported better-than-expected second-quarter results and forecast third-quarter profit above analysts' expectations, helped by a pick up in hiring in Europe.

  • 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.

  • US companies report rising sales, employment in 2Q Monday, 21 Jul 2014 | 12:02 AM ET

    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.

  • US states with higher minimum wages gain more jobs Saturday, 19 Jul 2014 | 3:01 AM ET

    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.

  • Obama is crushing the Reagan link—Putin knows it Friday, 18 Jul 2014 | 5:26 PM ET
    U.S. President Barack Obama, right, listens to Russian President Vladimir Putin after their bilateral meeting in Los Cabos, Mexico.

    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.

  • The Week Ahead: Fast food workers unite     Friday, 18 Jul 2014 | 3:30 PM ET
    Fast food workers and activists protest outside of a McDonald's restaurant on March 18, 2014 in Oakland, California.

    CNBC's Tyler Mathisen looks ahead to what are likely to be next week's top business and financial stories.

  • California unemployment rate drops to 7.4 percent Friday, 18 Jul 2014 | 12:25 PM ET

    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.

  • La. jobless rate rises in June for second month Friday, 18 Jul 2014 | 11:55 AM ET

    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.

  • Utah jobless rate continues to inch down Friday, 18 Jul 2014 | 11:49 AM ET

    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.

  • Arkansas unemployment rate drops to 6.2 percent Friday, 18 Jul 2014 | 11:38 AM ET

    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.

  • Virginia jobless rate inches up to 5.3 percent Friday, 18 Jul 2014 | 11:32 AM ET

    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.

  • Mississippi jobless rate rises to worst in nation Friday, 18 Jul 2014 | 11:30 AM ET

    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.