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Employment

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  • WASHINGTON— The U.S. Labor Department reports on the number of people who applied for unemployment benefits last week at 8:30 a.m. Eastern Thursday. MODEST RISE: Economists forecast that weekly applications rose 8,000 last week to a seasonally adjusted 273,000, according to a survey by the data firm FactSet. The rise would come after the Labor Department...

  • Facebook enters the minimum wage fight Wednesday, 13 May 2015 | 1:00 PM ET
    Employees walk past the company logo at Facebook offices in Menlo Park, California.

    Facebook unveiled new standards for contracted workers at its vendors including a $15 minimum wage and paid time off.

  • LONDON, May 13- Gold rose two percent to above $1,200 an ounce on Wednesday, heading for a second session of gains as the dollar hit a near three-month low after disappointing U.S. employment data. Spot gold hit a five-week high of $1,218 an ounce after the U.S. data and was trading up 1.9 percent at $1,217.60 an ounce by 1432 GMT. "A close above technical resistance at...

  • LONDON, May 13- Gold rose on Wednesday as the dollar weakened ahead of U.S. employment data and investors pushed back expectations of when the Federal Reserve will start raising interest rates. Spot gold rose 0.3 percent to $1,196.71 an ounce by 1149 GMT, after touching its highest in one week at $1,198.10. But it has remained in a narrow $20 range below $1,200 so far...

  • Chinese workers at state-owned machinery plant protest Wednesday, 13 May 2015 | 4:34 AM ET

    BEIJING— More than 10,000 workers at a state-owned machinery manufacturer in southern China are protesting low wages and company plans to lay off thousands of staff after posting losses for three years, employees said Wednesday. Large protests at China's state-owned enterprises have been rare in recent years because their workers are often better...

  • Was that an 'election budget' from Canberra?   Tuesday, 12 May 2015 | 6:41 PM ET
    Was that an 'election budget' from Canberra?

    Peter Chen, lecturer in Politics & Public Policy at Department of Government and International Relations at the University of Sydney, explains why Australia's 2015 budget is a "political budget."

  • JEFFERSON CITY, Mo.— Missouri's Republican-controlled House voted Tuesday to override the Democratic governor's veto of legislation that would reduce the weeks of available jobless benefits to one of the shortest periods in the nation. Missouri already is one of seven states that offer less than the standard 26 weeks of benefits. The March unemployment rate...

  • ATLANTIC CITY, N.J.— A filing made Tuesday by the new owner of Atlantic City's former Revel casino raises fears of fatal plane crashes, catastrophic fires, massive unemployment and worldwide disgrace if he is forced to buy energy from the building's former utility supplier. Glenn Straub is batting back an effort by ACR Energy Partners to force him to only buy...

  • WASHINGTON— The number of available jobs in the U.S. fell in March, though companies filled more of their open positions in a sign they are still confident enough to hire. The Labor Department said Tuesday that job postings dropped 2.9 percent to just under a seasonally adjusted 5 million in March. Federal Reserve Chair Janet Yellen has said that she considers the...

  • US job openings down slightly in March Tuesday, 12 May 2015 | 10:21 AM ET
    A worker assembles a Jeep Wrangler at the Chrysler Toledo North Assembly Plant in Toledo, Ohio.

    The U.S. labor market added 5 million jobs in March, slightly lower than the previous month, the Bureau of Labor Statistics reported.

  • Job openings declined in March   Tuesday, 12 May 2015 | 10:16 AM ET
    Job openings declined in March

    Labor Secretary Thomas Perez reacts to March's JOLTS data. Job openings declined to 4.99 million.

  • Top jobs without a four-year degree Tuesday, 12 May 2015 | 4:01 AM ET

    The website CareerCast identified the top jobs for those without a college degree, giving the salaries and hiring outlook.

  • Business events scheduled for Tuesday Monday, 11 May 2015 | 12:33 PM ET

    WASHINGTON— Labor Department releases job openings and labor turnover survey for March, 10 a.m.. WASHINGTON— Treasury releases federal budget for April, 2 p.m.. COPENHAGEN— Danish brewer Carlsberg presents first-quarter results.

  • Rise in higher-paying jobs lighting US economy Monday, 11 May 2015 | 10:01 AM ET
    A worker carries lumber as he builds a new home on January 21, 2015 in Petaluma, California.

    The job growth in April is a sign of a labor market recovery with more full-time and higher-paying positions, USA Today reports.

  • *Rosetta soars as Noble Energy offers to buy company for $2 bln. *Zulily rises after Alibaba increases stake. "There will be some carry-over from the positive jobs report but not at the same magnitude," said Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia.

  • *Zulily shares jumped 18.4 percent to $15.75 in premarket trading, after Alibaba bought a 9 percent stake in the online retailer. Alibaba was down marginally at $86.73. *Actavis rose 3.1 percent to $302 after the drugmaker's revenue jumped almost 60 percent, helped by higher sales of its branded drugs in North America.

  • May 11- Hong Kong shares rose on Monday encouraged by bullish Chinese markets reacting to Beijing's rate cuts over the weekend as well as strong U.S. stock markets after strong jobs data. Hong Kong markets also took its cue from a more than 1 percent rise in U.S. stock indexes on Friday, after strong jobs data indicated U.S. economic growth was picking up momentum, but...

  • *Euro on defensive as bunds yield surge halts, Greece in focus. TOKYO, May 11- The dollar stood little changed against its peers after mixed U.S. jobs data failed to offer much of a buying incentive, while sterling stood tall after a surprise British election victory by the Conservative Party. The euro was little changed at $1.1200, having pulled back from a two-month...

  • SINGAPORE, May 11- Gold ticked higher for a second straight session on Monday, after data showed U.S. jobs growth just missed expectations, assuring investors that the Federal Reserve will not be in a hurry to hike U.S. rates next month. *Spot gold had climbed 0.2 percent to $1,189.84 an ounce by 0042 GMT, after gaining 0.3 percent on Friday. Hedge funds and money...

  • *S&P books best day in 7 weeks on April U.S. jobs bounce. NEW YORK, May 8- An April rebound in U.S. jobs growth boosted Wall Street and supported the dollar on Friday, while a surprise Conservative victory cast away fears of a hung British Parliament and sparked a rally in sterling and European stock markets. Gold edged higher following two days of losses as lower bond...