NEW YORK, Dec 5- U.S. In addition, a report from the Labor Department showed initial claims for state unemployment benefits dropped 23,000 to a seasonally adjusted 298,000 last week. "The bond market is saying tapering is coming," said Stan Shipley, bond strategist at ISI Group in New York.» Read More
Germany's unemployment rate fell to 9.8% in March from 10.1% the month before, the country's Federal Labor Office said Thursday, a steady decline that reflected the overall upswing in the labor market.
The delivery of information and services via the Internet could threaten as many as 40 million U.S. jobs in the next 20 years, Princeton University economist Alan Blinder told CNBC.“If you look back in history, (overseas job loss) has been concentrated in manufacturing,” Blinder said Wednesday on CNBC’s “Street Signs.”
Circuit City Stores said it will explore options including a sale for its Canadian unit InterTAN Inc. and cut about 3,400 store associate jobs as the retailer tries to improve its financial performance.
The top executive at Coldwell Banker said this is the best time in ten years to buy a house because interest rates remain low, inventory is high and prices have stabilized.“It’s still a buyer’s market,” Jim Gillespie told CNBC’s “Squawk Box” on Tuesday. “This is absolutely the best time to buy.”
Douglas Cliggott, chief investment officer for Dover Management, told CNBC’s “Morning Call” that the slowdown in housing starts will translate into a decline in employment. “Over the past 30 or 40 years, we see that housing starts tend to lead employment by 12-to-15 months,” he said.
Citigroup executives are putting the finishing touches to a restructuring plan that is likely to involve around 15,000 job cuts and a charge against earnings of more than $1 billion, according to people familiar with the matter, The Wall Street Journal reported.
The number of Americans filing new claims for jobless benefits unexpectedly fell 4,000 last week to its lowest in six weeks, government data showed on Thursday in a report underscoring a healthy labor market.
We are on the verge of marking the 50th anniversary of the European Union -- taking as its birth the Treaty of Rome -- and politicians will spend this weekend in Berlin toasting the treaty.
Airbus workers downed tools and gathered for protest marches on Friday to fight 10,000 planned job cuts at the European civilian plane maker and its contractors.
Britain's unemployment rate held at 5.5% in the three months ending Jan. 31, the government said Wednesday.
Countrywide Financial Chief Executive Angelo Mozilo told CNBC's Maria Bartiromo that there's been an "overreaction" to the subprime lending shakeout, though he believes the problem may could get worse before turning the corner.
Twenty-eight percent of companies expect to add new positions in the next three months, according to a survey of 14,000 employers being released Tuesday.
Stocks were set to start the week lower after concerns about sub-prime mortgage lending dented enthusiasm for a very busy Merger Monday.
That hour of sleep you lost this weekend thankfully was not over the stock market's performance last week. After starting Monday on the edge of what could have been an ugly precipice, Wall Street by Friday recovered some of its losses and a good deal of confidence.
After last week's market turbulence, the impact of Friday's jobs report takes on even more weight. Two analysts joined "Closing Bell" to discuss how investors may have digested the figures -- and what they'll be watching for next.
Wages haven't kept up with productivity gains, making the current economic expansion good for corporate profits, but not so good for hourly workers. Wage growth is good news for consumer spending -- and not inflationary -- as long as productivity continues to increase.
Mixed messages: analysts decoding Friday's jobs report see a slightly disappointing February, but a stronger December and January. However, the different numbers didn't stop two experts from telling "Morning Call" that the news is good.
You lose some, you win some: Friday's jobs report showed the smallest rise in two years -- 97,000 jobs in February -- but revisions gave December and January unexpected strength. Rob Portman, director of the Office Of Management & Budget, said the report vindicates the Bush Administration's view that the U.S. economy is in a "steady state" of growth.
Mark Zandi, chief economist and co-founder of Moody’s Economy.com, told CNBC’s “Squawk Box” that February’s jobs report is encouraging, but it’s too early to say that the economy has come in for a soft landing.The U.S. Labor Department said the economy added 97,000 non-farm jobs last month and the employment rate dipped slightly to 4.5%.
Henry McVey was "not really" surprised by the Feb. 27 market meltdown. But then, the chief U.S. investment strategist for Morgan Stanley says he'd seen the omens in January. He joined CNBC's Maria Bartiromo to discuss what might come next -- and how he's preparing for it.