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Employment

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  • Pennsylvania jobless rate falls, hiring flattens Friday, 19 Dec 2014 | 10:08 AM ET

    HARRISBURG, Pa.— Pennsylvania's jobless rate has fallen to another post-recession low even as payrolls remain static and below pre-recession levels, according to employment figures released Friday. November's seasonally adjusted unemployment rate in Pennsylvania was 5.1 percent, which is three-tenths of a percentage point lower than the month before,...

  • RIO DE JANEIRO, Dec 19- Brazil's jobless rate edged higher in November and surpassed forecasts, a sign the labor market is weakening as Latin America's largest economy stagnates. Brazil's non-seasonally adjusted jobless rate rose to 4.8 percent in November from 4.7 percent in October, statistics agency IBGE said on Friday. Although the unemployment rate...

  • Ohio unemployment rate at 5 percent, a 13-year low Friday, 19 Dec 2014 | 5:53 AM ET

    Ohio's rate remains lower than the U.S. unemployment rate, which for November was unchanged from October at 5.8 percent, and down from 7.0 percent in November 2013. Ohio's unemployment rate in November 2013 was 7.2 percent. Ohio's nonagricultural wage and salary employment increased 17,900 over the month, from a revised 5.31 million in October to 5.32 million...

  • Louisville 1st-in-South to raise minimum wage Thursday, 18 Dec 2014 | 10:33 PM ET

    The Louisville Metro Council voted Thursday night to raise the minimum wage to at least $9 per hour by 2017. The current federal minimum wage is $7.25. In Kentucky, Democrats in the state House of Representatives made it their top priority and Alison Lundergan Grimes made it a central part of her campaign for U.S. Senate against Republican Mitch McConnell.

  • Report: Connecticut employers adding more jobs Thursday, 18 Dec 2014 | 1:45 PM ET

    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...

  • WASHINGTON, Dec 18- The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting the labor market continued to strengthen. "The economy continues to run hard as it finishes out the year," said Chris Rupkey, chief financial economist at MUFG Union Bank in New York. Initial claims for state unemployment benefits...

  • WASHINGTON, Dec 18- The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting the labor market continued to strengthen. Initial claims for state unemployment benefits dropped by 6,000 to a seasonally adjusted 289,000 for the week ended Dec. 13, the Labor Department said on Thursday. The U.S. central bank, which...

  • U.S. jobless claims point to firmer labor market Thursday, 18 Dec 2014 | 8:30 AM ET

    WASHINGTON, Dec 18- The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting the labor market continued to strengthen. Initial claims for state unemployment benefits dropped by 6,000 to a seasonally adjusted 289,000 for the week ended Dec. 13, the Labor Department said on Thursday. A Labor Department analyst...

  • US jobless aid applications decline to 289,000 Thursday, 18 Dec 2014 | 8:30 AM ET

    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...

  • America's wage growth woes  Thursday, 18 Dec 2014 | 8:14 AM ET

    AFL-CIO President Richard Trumka, shares his concerns that wages are not rising as fast as they should.

  • Ahead of the Bell: US Unemployment Benefits Thursday, 18 Dec 2014 | 6:39 AM ET

    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.

  • Greek jobless rate dips further to 25.5 percent Thursday, 18 Dec 2014 | 6:18 AM ET

    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...

  • Fed has 2 'kids': Inflation & employment  Wednesday, 17 Dec 2014 | 3:38 PM ET

    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.

  • Yellen: Push unemployment rate lower to spur inflation Wednesday, 17 Dec 2014 | 3:24 PM ET

    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.

  • UK unemployment rate at 6-year low of 6 percent Wednesday, 17 Dec 2014 | 6:04 AM ET

    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...

  • Fed won't adjust policy for oil  Tuesday, 16 Dec 2014 | 5:20 AM ET

    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.

  • Could Japanese markets fizzle in 2015?  Sunday, 14 Dec 2014 | 6:20 PM ET

    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.

  • Saving humanity, one US job at a time: Patriarch CEO Sunday, 14 Dec 2014 | 1:03 PM ET
    Lynn Tilton, chief executive officer and sole principal of Patriarch Partners, LLC.

    Lynn Tilton has declared a mission: Keep people working in America by investing in, and restructuring, companies left for dead.

  • The Week Ahead: Thursday free-shipping day  Friday, 12 Dec 2014 | 4:02 PM ET

    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.