Wouldn't it be nice if, just for once, Obama defended American business instead of attacking it?, asks Larry Kudlow.» Read More
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.
Dutch mail company TNT will seek to freeze wages and cut up to 7,000 jobs to help lower costs by 300 million euros ($400 million) as its remaining monopoly is opened to competition next year.
Carrier service is steadily getting much worse, according to the annual Airline Quality Rating Report released Monday. But the solution remains up for debate; so industry analyst Terry Trippler and consumer advocate Kate Hanni took up the issue, on "Morning Call."
Strikers at France's Fos Lavera oil hub are meeting port and Gaz de France officials on Thursday in a fresh bid to find a way out of a 16-day strike threatening fuel supplies to motorists and exports to U.S. markets.
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.