Japanese summer bonuses rose in July and regular pay grew for the second straight month, suggesting some firms are gradually -raising wages.» Read More
PORTLAND, Maine— FairPoint Communications workers in Maine, New Hampshire and Vermont have known it had to come to an end. Terms of their Verizon contract had carried over when FairPoint purchased the company's land-based telephone operations and had been mostly unchanged for 10 years. "We get that FairPoint doesn't have the deep pockets that Verizon had.
Jim Cramer has learned something valuable about investing at almost every junction in his life.
CNBC's Sue Herera looks ahead to what are likely to be next week's top business and financial stories.
The Department of Labor and Industry's Labor Day report shows the unemployment rate has dropped steadily since 2010. At 4.6 percent, it's now the 11th lowest in the nation. There was job growth on five of Montana's seven reservations, however, and several tribes saw lower unemployment rates, according to Lt.
BUENOS AIRES, Argentina— Labor groups opposed to Argentine President Cristina Fernandez staged their second general strike of the year Thursday, disrupting life in the capital and other parts of the country as many people stayed away from work and union demonstrators blocked streets to call for higher wages and lower taxes.
BERLIN— Thousands of passengers are feeling the impact of a pilots strike in Germany after negotiations between the country's biggest airline Lufthansa and the union representing pilots collapsed over a long-running dispute regarding wages and early retirement benefits.
Dawn Fay, district president of Robert Half, says the U.S. job market is "heading in the right direction".
WASHINGTON, Aug 28- The U.S. economy rebounded more strongly than initially thought in the second quarter with a bigger chunk of the growth driven by domestic demand in a bright sign for the future. Gross domestic product expanded at a 4.2 percent annual rate instead of the previously reported 4.0 percent pace, the Commerce Department said on Thursday.
ATLANTIC CITY, N.J.— One of the region's largest mass-filings for unemployment and other benefits will begin next week for newly laid-off Atlantic City casino workers in an outreach effort so large it had to book part of the city's convention center.
WASHINGTON, Aug 28- The U.S. economy rebounded more strongly than initially thought in the second quarter with more of the growth being driven by domestic demand and less by restocking by businesses.
California: Down 8,771, no reason given. Florida: Down 1,462, due to fewer layoffs in farming, manufacturing, retail and services. Illinois: Down 1,442, no reason given.
WASHINGTON— The number of Americans seeking unemployment benefits slipped 1,000 last week to a seasonally adjusted 298,000, a low level that signals employers are cutting few jobs and hiring is likely to remain strong. The four-week average, a less volatile measure, dropped to 299,750, the Labor Department said Thursday.
US TREASURY YIELDS RISE SLIGHTLY AFTER JOBLESS CLAIMS, GDP DATA.
WASHINGTON, Aug 28- The number of Americans filing new claims for unemployment benefits fell for a second straight week last week, underscoring the strengthening labor market fundamentals. Initial claims for state unemployment benefits slipped 1,000 to a seasonally adjusted 298,000 for the week ended Aug. 23, 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 Thursday at 8:30 a.m. Eastern. STEADY JOB GAINS: Falling applications for unemployment aid are among several signs the job market is steadily improving.
BERLIN— Germany's Federal Labor Office says the country's jobless rate ticked up slightly to 6.7 percent in August as 30,000 more people joined the ranks of the unemployed. The office said Thursday there were 2.90 million people out of work in August overall, and as a result the unemployment rate inched 0.1 percentage point higher from July.
BERLIN— German airline pilots said they will go on strike after negotiations between the country's biggest airline Lufthansa and the union representing pilots collapsed Thursday over a long-running dispute regarding wages and early retirement benefits.
Aug 27- New Jersey's Atlantic County, which includes the struggling gambling mecca of Atlantic City, saw the biggest employment drop of all U.S. metropolitan areas in July compared to the same time last year, according to preliminary U.S. Labor Department data on Wednesday.
A US federal appeals court on Wednesday concluded that FedEx Ground drivers in California and Oregon are employees and not independent contractors.
BUENOS AIRES, Argentina— A labor organization opposed to Argentine President Cristina Fernandez caused traffic jams and disrupted life for many in the capital Wednesday at the start of a 36- hour strike.