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WASHINGTON, Aug 21- The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to a sustained improvement in labor market conditions. Initial claims for state unemployment benefits declined 14,000 to a seasonally adjusted 298,000 for the week ended Aug. 16, the Labor Department said on Thursday.
RIO DE JANEIRO— Nivea dos Santos got her first job as a live-in maid at age 12, dusting, vacuuming, ironing and polishing the silver of a wealthy Rio de Janeiro family from dawn until she'd fall, exhausted, into bed. More than two decades later, Brazil has passed legislation aimed at preventing such abuses.
WASHINGTON, Aug 20- The Federal Reserve has been surprised by how quickly the U.S. labor market is healing but doesn't want to bring forward a planned rate hike until the recovery looks more convincing, according to minutes of its last policy meeting.
Jamie Jenkins, labor market analyst at ONS and Laura Gardiner, senior research and policy analyst at Resolution Foundation, discuss the rise of self-employment in the U.K. and the implications for the economy.
CNBC's Jeff Cox explains how job growth over the past year continues to be strongest in lower-wage industries, where employment now exceeds pre-recession levels by 2.3 million.
MONTGOMERY, Ala.— For the second month, Alabama is the only state with an unemployment rate higher than a year ago. Bentley said nearly 60,000 new jobs have been announced since he became governor, and Alabama is poised for better days when plants come on line like Airbus in Mobile, Golden Dragon Copper Tubing in Wilcox County and Remington in Huntsville.
The Labor Department said Monday that unemployment rates fell in eight states in July and were unchanged in 12. At the same time, hiring rose in 36 states, fell in 13, and was unchanged in Iowa. Mississippi had the highest unemployment rate in July, at 8 percent, its first month with the highest since the 2008-2009 Great Recession.
Many economists are writing off 2% growth as "secular stagnation." To quote JFK, "We can do bettah!," Larry Kudlow and Stephen Moore say.
Aug 15- Slackness in the labor market is keeping U.S. wages from rising, according to research published by the Chicago Federal Reserve Bank on Friday. So far, Fed Chair Janet Yellen has resisted that pressure, drawing in part on her view that low wage growth suggests the labor market is weaker than headline unemployment suggests.
CNBC's Sue Herera looks ahead to what are likely to be next week's top business and financial stories.
Andrew Lilico, executive director and principal at Europe Economics, says the characteristics of the U.K.'s labor market are a "mystery" to economists.
New technology platforms work to connect freelance workers with jobs, reports CNBC's Julia Boorstin.
Instead of volunteering and building their resumes to nab a spot at a top university, some high school grads are taking full-time jobs. The Fiscal Times reports.
NEW YORK, Aug 14- The dollar weakened broadly on Thursday, falling after three straight days of gains, on yet another piece of data suggesting a bumpy recovery for the U.S. economy.
*Weekly jobless claims rise 21,000. WASHINGTON, Aug 14- The number of Americans filing new claims for unemployment benefits rose more than expected last week, but will probably do little to change views that the labor market was strengthening.
WASHINGTON, Aug 14- The number of Americans filing new claims for unemployment benefits rose more than expected last week, but will probably do little to change views that the labor market was strengthening.
*Cisco shares down in premarket after results, outlook. NEW YORK, Aug 14- U.S. stock index futures edged higher on Thursday, with investors reluctant to make big bets following a sharp rally in the previous session and amid signs of weak conditions in Europe. *Cisco Systems Inc fell 1.3 percent to $24.87 in premarket trading.
TORONTO, Aug 12- The July version of Canada's market-moving jobs report contained an error and must be restated, the country's main statistics agency said on Tuesday, pointing to the latest in a series of mistakes that have damaged its reputation in recent years.
Well, there you have it—evidence straight from the government that Marissa Mayer was right about telecommuting!, says Jake Novak.
CNBC's Rick Santelli reports the latest JOLTS data.