CNBC's Tyler Mathisen looks ahead to what are likely to be next week's top business and financial stories, including Alibaba's first full week of trading on the NYSE.» Read More
IBM's memo to select staff forcing them to take a pay cut and retrain may seem harsh but it makes sense for investors, this hedge-fund manager says.
LANSING, Mich.— The state says Michigan's seasonally adjusted unemployment rate dropped 0.3 percentage points to 7.4 percent in the latest month. The Michigan Department of Technology, Management& Budget released the August employment report Wednesday. The state says that Michigan's civilian labor force fell by 11,000 to 4.731 million in August.
PORTLAND, Ore.— More than 140,000 Oregon workers will get a pay raise when the minimum wage goes up the first of the year, the state Bureau of Labor and Industries said Wednesday. It will affect 141,822 people, roughly 8 percent of Oregon's workforce. The increase means Oregon will have the nation's second-highest minimum wage behind Washington.
The U.S. stock market is higher in midday trading as investors received more encouraging news on the economy. Fewer Americans filed first-time claims for unemployment benefits last week, according to the Labor Department. Scotland opened polling stations for a referendum on whether the country will leave the United Kingdom and become independent.
NEW YORK, Sept 18- The dollar rose to a more than six-year peak against the yen on Thursday, after data showed U.S. jobless claims fell more than expected last week, reinforcing the market's view that U.S. interest rates will rise sooner rather than later.
CNBC's Rick Santelli reports the September read on the Phill Fed Index.
WASHINGTON— Substantially fewer people sought unemployment benefits last week, which often points to employers feeling more confident about the economy and hiring more workers.
*Jobless claims fell 36,000 last week. WASHINGTON, Sept 18- The number of Americans filing new claims for unemployment benefits fell more than expected last week, suggesting that a sharp slowdown in job growth last month was probably an aberration.
WASHINGTON— The number of people applying for U.S. unemployment benefits dropped by a sharp 36,000 last week to a seasonally adjusted 280,000, a sign that the job market is strengthening. The four-week average of applications, a less volatile measure, fell 4,750 to 299,500, the Labor Department said Thursday.
WASHINGTON— Applications for US jobless aid drop sharply to 280 K, sign of a stronger job market.
The U.S. will train at least 50,000 veterans to become solar panel installers in the next six years, the White House said 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 Thursday at 8:30 a.m. Eastern. DECREASE LIKELY: Economists forecast that weekly applications fell 10,000 to a seasonally adjusted 305,000, according to a survey by FactSet.
ATHENS, Greece— Greek unemployment dropped considerably in the second quarter but still afflicts more than a quarter of the workforce, as the country struggles to climb out of a punishing six-year economic recession.
PHOENIX— Arizona's unemployment rate is up for a third straight month. Department of Administration economists reported Thursday that the state's seasonally adjusted unemployment rate for August was 7.1 percent, up from 7 percent in July.
ALBANY, N.Y.— Benefits for the unemployed are set to go up in New York. Andrew Cuomo said Wednesday that the minimum weekly rate will increase from $64 to $100 and the maximum weekly rate will increase from $405 to $420. The state labor department says New York's unemployment rate was 6.6 percent in July.
Laurent Freixe, CEO of Nestle Europe, says youth unemployment is one of the worst parts of the euro zone crisis and discusses how companies can employ more people.
OLYMPIA, Wash.— Washington state's unemployment rate remained steady at 5.6 percent last month, but the state saw an overall loss of 1,500 jobs from the previous month, state officials said Wednesday. The newest numbers released by the state's Employment Security Department show that August's jobless rate did not change from July's numbers.
JEFFERSON CITY, Mo.— A new report shows Missouri's unemployment rate dipped slightly last month while the state lost 3,100 nonfarm jobs. The state Department of Economic Development said Tuesday the seasonally adjusted unemployment rate dropped to 6.3 percent in August from 6.5 percent in July.
IBM is reportedly cutting the pay of employees who need training.
DRUMMONDVILLE, Quebec, Sept 16- Recent Canadian economic data has been encouraging, particularly on exports, Bank of Canada Governor Stephen Poloz said on Tuesday, but he pointed to a substantial amount of slack in the job market.