A trade group for the nation's big airlines predicts that air travel over the Labor Day weekend will rise 2 percent from the same holiday last year. Nine leading U.S. carriers earned $3.8 billion in the first half of this year, allowing them to pay down debt, reward shareholders and order new planes.» Read More
Clothing retailer Gap is considering sizable layoffs over the next few weeks to cut costs, the New York Post reported on Wednesday, citing three people familiar with the situation.
Unemployment in Germany continued to decline, with the rate reaching 9.5% in April with fewer people out of work as companies sought to fill vacancies amid an economic turnaround.
Edward Lazear, chairman of the President’s Council of Economic Advisers, told CNBC’s “Squawk on the Street” that the job market remains strong, suggesting economic strength and higher growth ahead.“The most important indicator to me is the labor market,” Lazear said. “It’s very strong. If the labor market were weak, if we were seeing job growth slow down, if we saw wage growth slow down, then I would be a bit more concerned about the GDP number.”
The number of U.S. workers filing new claims for jobless benefits fell a much bigger-than-expected 20,000 last week, a Labor Department report showed on Thursday.
Overweight workers cost their bosses more in injury claims than their lean colleagues, suggests a study that found the heaviest employees had twice the rate of workers' compensation claims as their fit co-workers. Obesity experts said they hope the study will convince employers to invest in programs to help fight obesity. One employment attorney warned companies that treating fat workers differently could lead to discrimination complaints.
Five brokers from Fimat USA's energy risk management group have moved to Man Financial, a spokesman from Man Financial confirmed today.
A new study says that ethanol may do more harm than good. On “Morning Call,” the study’s author, Mark Jacobson, associate professor of civil and environmental engineering at Stanford University, joined Brooke Coleman, director of the Renewable Energy Action Project, to debate whether ethanol could be more harmful to your health and to the planet than gasoline.
The sick man of Europe is feeling much better, with investor and business sentiment in Germany's economy soaring for the fifth month in a row, according to a survey released Tuesday.
Clusters of migrant workers mount the train's crowded carriages, leaving their families and filing across the border to work at jobs more plentiful and lucrative than at home.
The IntercontinentalExchange laid off about 60 New York Board of Trade employees to reduce staff following the merger of the two exchanges, and no further cuts were expected, an ICE spokeswoman said today.
U.S. import prices jumped a larger-than-expected 1.7% in March as petroleum prices rose sharply. Jobless Claims rose 19,000 to 342,000 --more than predicted.
Australia's jobless rate fell to three-decade lows in March while employers took on more full-time workers in a sign of underlying strength in the economy which may yet require a restraining rise in interest rates.
Jim Glassman, senior U.S. economist for JP Morgan Chase, told CNBC’s “Street Signs” that the Federal Reserve’s minutes show concern for growth and inflation.“Inflation concerns aren’t new,” Glassman said Wednesday. “What’s new is the recognition that there are some downside risks to growth. I think the minutes show that (the Fed) is a little more cognizant of the two risks and it’s not just a debate about how much and when to tighten.”
Uncle Sam will release key employment data Friday when the stock market is closed, forcing investors to play catch-up on Monday. CNBC’s Steve Liesman says the market typically trades lower following this odd-ball scenario.
Vince Boberski, an economist at FTN Financial, told CNBC’s “Squawk on the Street” predicted that the Labor Department's March jobs report will reveal that the economy created about 150,000 new jobs in March.
A gauge of U.S. online labor demand rose in March from February, as hirings grew broadly, but year-over-year growth moderated, global online careers and recruiting firm Monster said on Thursday.
Stocks are barely changed ahead of the opening and are likely to trade with some trepidation ahead of a three day holiday weekend. Tomorrow's jobs report is a big point of interest, but stock traders will be home watching their bond market brethren trade the number on a special jobs Friday edition of Squawk Box.
John Challenger, chief executive officer of Challenger, Gray & Christmas, told CNBC’s “Squawk Box” that announced layoffs in March were the lowest since July 2006.“It’s certainly a sign of a very strong job market,” Challenger said Wednesday. “The places were job cuts jumped where in the housing sector, including mortgages, construction and real estate.”
U.S. private employers likely added 106,000 jobs in March, a report by a private employmentservice said. Service sector jobs increased 128,000 while goods-producing jobs fell 22,000.
PepsiCo, the world's No. 2 soft drink company, plans to double its workforce in China over the next half decade as it fights for a larger slice of the growing market, Chief Executive Indra Nooyi said on Tuesday.