July 1- U.S. private employers ramped up their hiring in June, as a report by a payrolls processor on Wednesday showed businesses adding the greatest number of workers in six months, a further sign of labor market improvement that may allow the Federal Reserve to raise interest rates later this year. "The U.S. job machine remains in high gear," Mark Zandi, chief...» Read More
Discussing the use of skilled foreign workers in the U.S., with Daniel Costa, Economic policy institute, and Cyrus Mehta, immigration attorney.
CNBC's Mandy Drury looks ahead to what are likely to be next week's top business and financial stories.
CNBC.com's Jeff Cox looks at the increase in fast food job openings.
*Wall St banks say September rate hike looks more likely. Following the report, Wall Street's top banks said they expect the Fed to begin raising interest rates in September, followed by another increase before the end of the year, according to a Reuters poll. "This certainly puts more ammunition in the Fed's plan to start lift-off in September," said Mark Luschini,...
CNBC's Jeff Cox breaks down the numbers behind May's jobs report.
Marc Morial, Nat'l Urban League, president, and Ron Christie, former special asst. to GW Bush, give their reaction to the latest job report and weigh in on the economy.
LPL Financial tells CNBC what they expect from the Fed for year-end.
WASHINGTON, June 5- A surge in job creation and higher wages in May triggered talk the United States was finally entering a "sweet spot" that would push the Federal Reserve closer to a long-awaited rate hike. Friday's data showed the United States added 280,000 jobs in May versus expectations for 225,000 and that wage growth nudged up to 2.3 percent from a year...
June 5- U.S. stocks were mixed in choppy trading on Friday as a stronger-than-expected May jobs report strengthened the view that the U.S. The strong jobs data indicated that economic growth was gaining traction after coming to a standstill in the first quarter, but Wall Street took a dim view as a rate hike could increase the cost of borrowing.
WASHINGTON, June 5- U.S. job growth accelerated sharply in May and wages picked up, signs of strong momentum in the economy that bolster prospects for a Federal Reserve interest rate hike in September. Nonfarm payrolls increased 280,000 last month, the largest gain since December, the Labor Department said on Friday. This leaves the Fed on course to start hiking...
U.S. productivity, or output per worker hour, just registered another dismal performance. That has unfortunately become the norm.
Fast food industry jobs have set the pace since 2000, rising 23.3 percent, against a 5.1 percent overall gain in private sector job growth.
*Oil pares gains on strong dollar; OPEC keeps output steady. While uncertainty over Greece weighed on sentiment in Europe, a surprisingly strong U.S. labor market report for May pared equity losses in Europe and lifted Treasury yields. Wall Street opened lower but cut its losses after two hours of trading.
Discussing May jobs data, and the Federal Reserve's view of the U.S. economy, with David Kelly, JPMorgan Funds, and Diane Swonk, Mesirow chief economist. Kelly says the U.S. hits 5 percent unemployment by the end of year.
June 5- U.S. stocks slipped on Friday after data showed that U.S. job growth accelerated sharply in May and wages picked up, signs of momentum in the economy that could revive expectations of an interest rate hike in September. Average hourly earnings grew by eight cents. The better-than-expected jobs report signaled that growth was gaining traction, but Wall...
*Dollar hits 13- year peak against yen of 125.740 yen. NEW YORK, June 5- The U.S. dollar rallied to a 13- year peak against the yen and rose sharply against the euro on Friday after data showing U.S. job growth accelerated in May, bolstering the case for an interest rate hike as early as September. Nonfarm payrolls increased 280,000 last month, the largest gain since...
CNCB's Steve Liesman digs out the important economic data out of May's jobs data. The U.S. economy created 280,000 jobs in May.
*U.S. nonfarm payrolls rise to 280,000. NEW YORK, June 5- U.S. benchmark Treasury debt yields jumped to their highest since October on Friday after data showed the world's largest economy created more jobs than expected last month, lifting prospects for a U.S. Nonfarm payrolls increased by 280,000 last month, the largest gain since December, the Labor Department...
The U.S. economy created 280,000 jobs in May. Jason Furman, Chairman of President Obama's Council of Economic Advisers, shares his reaction.
The U.S. economy created 280,000 jobs in May, better than expected and likely confirming hopes that growth is back on track after a slow start to the year.