WETHERSFIELD, Conn.— Connecticut employers added 4,600 jobs last month, marking a new employment recovery high-point of nearly 1.7 million jobs, according to a state Department of Labor report released Thursday. The department's monthly report said the number of nonfarm jobs increased by 25,700 positions since November 2013 to give Connecticut a new high...» Read More
WASHINGTON— Fewer Americans sought unemployment benefits last week, a sign of solid job security and growing confidence among employers. Weekly unemployment benefit applications dropped 6,000 to a seasonally adjusted 289,000, the Labor Department said Thursday. The figures are "low enough to signal very strong payroll growth," said Ian Shepherdson, chief...
AFL-CIO President Richard Trumka, shares his concerns that wages are not rising as fast as they should.
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. LITTLE CHANGE: Economists forecast that weekly applications slipped 1,000 to a seasonally adjusted 293,000, according to a survey by data provider FactSet.
ATHENS, Greece— Official Greek figures show unemployment in the country fell further to 25.5 percent in the third quarter from 26.6 percent in the previous quarter. Thursday's figures from the Hellenic Statistical Authority, which are not adjusted for seasonal factors, show that just over 1.2 million people are unemployed in Greece, which has a population of...
CNBC's Steve Liesman asked Fed Chair Janet Yellen about oil's impact on inflation and monetary policy. Insight, with Diane Swonk, Mesirow Financial and Brian Jacobsen, Wells Fargo Advantage Funds, who still thinks the Fed is dovish.
WASHINGTON— Federal Reserve Chair Janet Yellen says she's prepared to let the unemployment rate fall from its current 5.8 percent to exceptionally low levels, saying doing so should help cause inflation to rise closer to the Fed's 2 percent target. A forecast provided by Fed policymakers indicates that the unemployment rate is expected to slip below 5...
WASHINGTON— Democrat Lauren McFerran is the newest member of the five-member National Labor Relations Board. She replaces Nancy J. Schiffer, also a Democrat, who served on the board since August 2013 and whose term expired Tuesday. Previously, McFerran served as chief labor counsel for the Senate Committee on Health, Education, Labor and Pensions.
LONDON— Official figures show Britain's unemployment rate was 6 percent in the three months to October, its lowest level since the 2008 financial crisis. The Office for National Statistics said Wednesday that 1.96 million people were unemployed in the quarter, 63,000 less than the previous quarter. IHS Global Insight analyst Howard Archer was encouraged by...
Discussing the decline in oil and how the Fed will react, Steven Englander, global head of G10 FX strategy at Citi, says that the Fed are more likely to focus on labor market improvements rather than oil price decline.
Benjamin Pedley, Head of Investment Strategy, Asia at HSBC Private Bank, expects little upside for Japan's stocks next year as markets price in a weak yen, lazy balance sheets and softer growth.
Lynn Tilton has declared a mission: Keep people working in America by investing in, and restructuring, companies left for dead.
CNBC's Tyler Mathisen looks ahead to what are likely to be next week's top business and financial stories. Shoppers are expected to ramp up shopping this week. The Fed meets. And there's lots of housing news this week.
The share of prime-age men who are not working has more than tripled since the late 1960s, and some are not eager to take new jobs. NYT reports.
BlackRock's 'Yellen index' says the labor market is strong enough for the Fed to end the era of zero rates now if it wanted to.
WASHINGTON— In a victory for unions, the National Labor Relations Board ruled Thursday that employees can use their company email accounts for union organizing and other workplace-related purposes, if they do it on their own time. Once an employer gives an employee access to the company email system, then the business cannot restrict what the employee emails,...
The Labor Department says weekly applications fell 3,000 to a seasonally adjusted 294,000. The four-week average, a less volatile measure, ticked up a slight 250 to 299,250.. Jennifer Lee, a senior economist at BMO Capital Markets, downplayed the importance of the increase. The economy gained 321,000 jobs in November— the highest monthly total in nearly three...
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. The economy gained 321,000 jobs in November_the highest monthly total in nearly three years, the Labor Department said last week.
Steve Shepherd, Employment Market Analyst at Randstad, discusses the trend in Australia's employment numbers for November which is skewed to part-time positions.
Australia added more jobs than expected in November, suggesting continued improvement in the labor market, but analysts remain skeptical on how reliable the data is.
It's that time of year — performance-review time! Here are 7 tips so you don't screw it up.