CNBC's Tyler Mathisen looks ahead to what are likely to be next week's top business and financial stories. Retailers head back to school. The Fed meets next week, and Friday brings a big labor report.» Read More
TRENTON, N.J.— Officials say New Jersey's unemployment rate inched down to 6.6 percent in June, its lowest level in more than five years. The report released Thursday by the state Labor Department and based on data collected by the U.S. Bureau of Labor Statistics shows the unemployment rate down 0.2 percentage points in June.
HARTFORD, Conn.— Connecticut's labor market continued to strengthen as employers added jobs for the fifth straight month in June, driving the unemployment rate to its lowest level in more than five years, the state Department of Labor reported on Thursday.
ATLANTA— The unemployment rate in Georgia climbed to 7.4 percent in June, a slightly increase from May. Georgia Labor Commissioner Mark Butler said Thursday that the increase in unemployment was attributable to regular seasonal fluctuations. Those include summer job losses among school workers and temporary layoffs in manufacturing.
YANGON, Myanmar— More than 700 workers protested Thursday in front of the South Korean Embassy in Myanmar to demand officials help them after a Korean-owned factory closed without paying their wages. The workers from the Master Sports Footwear Factory in Yangon said the owner closed the plant illegally and without notice in May and has left the country.
The company said it would cut up to 18,000 jobs and take restructuring charges of up to $1.6 billion.
The Labor Department says weekly applications for unemployment aid fell 3,000 to a seasonally adjusted 302,000. The less volatile four-week average has slipped to 309,000, the lowest reading since June 2007, about five months before the Great Recession began. California: Down 4,008, due to fewer layoffs in the service industry.
WASHINGTON, July 17- The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting the labor market recovery was gaining traction. "This part of economy is going in the wrong direction while the rest of the economy is picking up," said Anthony Karydakis, chief economic strategist at Miller Tabak in New York.
WASHINGTON— The number of people seeking U.S. unemployment benefits fell last week, a steady decline that suggests a strengthening job market. Weekly applications for unemployment aid dipped 3,000 to a seasonally adjusted 302,000, the Labor Department said Thursday.
WASHINGTON, July 17- The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting the labor market recovery was gaining traction. Initial claims for state unemployment benefits dropped 3,000 to a seasonally adjusted 302,000 for the week ended July 12, the Labor Department said on 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 at 8:30 a.m. Eastern on Thursday. SLIGHT INCREASE: Economists forecast that weekly applications rose to 310,000, according to a survey by FactSet.
ST. PAUL, Minn.— New figures related to Minnesota's employment rate are being released. The state's Department of Employment and Economic Development planned Thursday to provide the unemployment rate for June. Minnesota's seasonally adjusted unemployment rate for May was 4.6 percent, the lowest level in seven years.
LANSING, Mich.— The state says Michigan's seasonally adjusted unemployment rate remained unchanged at 7.5 percent in the latest month. Michigan's jobless rate stood at 8.9 percent in June 2013. The state says that Michigan's civilian labor force was up slightly in June, rising by 1,000 to 4.744 million.
A former Twitter employee claims he was fired despite having received performance reviews that met or exceeded expectations, SFGate reports.
During congressional testimony on Tuesday and Wednesday, Fed Chair Janet Yellen said she was "optimistic" on the slowly growing economy.
WASHINGTON, July 16- The U.S. economy continued to expand in recent weeks, with manufacturing activity widening and employers in several parts of the country reporting difficulties finding skilled workers, the Federal Reserve said on Wednesday.
OLYMPIA, Wash.— Washington state officials said Wednesday that the state's unemployment rate fell to 5.8 percent last month, the lowest it has been in six years. Numbers released Wednesday by the state's Employment Security Department show that June's jobless rate was down from May's rate of 6.1 percent.
Businesses often cite a skills gap for not filling jobs. But a new survey says it's the long hiring process itself that keeps many jobs open.
JEFFERSON CITY, Mo.— A new report says Missouri's unemployment rate fell slightly in June to 6.5 percent from 6.6 percent the month before. Tuesday's report from the Department of Economic Development says the arts, entertainment and recreation industries added 1,800 jobs.
LONDON— The proportion of workers in Britain has hit its joint-highest level since records began more than 40 years ago, official figures showed Wednesday in a further sign of the strength of the U.K. economic recovery.
LONDON, July 16- British workers' earnings grew at the slowest rate on record in the three months to May, one gauge showed, even as unemployment fell further, giving the Bank of England pause for thought as it prepares to start raising interest rates.