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Employment

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  • 11,500 jobs in Sept. cuts Conn.t jobless rate Monday, 20 Oct 2014 | 2:19 PM ET

    HARTFORD, Conn.— Employers in Connecticut added 11,500 jobs in September, cutting the unemployment rate to its lowest in nearly six years, the state Labor Department announced Monday. Andy Condon, the Department of Labor's research director, said some gains were expected, particularly in public education and leisure and hospitality affected by seasonal...

  • Survey: Pay raises rarer despite strong US hiring Monday, 20 Oct 2014 | 12:01 AM ET

    WASHINGTON— U.S. businesses were much less likely to boost pay in the third quarter than in previous months, even as hiring remained healthy, a sign that wage gains may remain weak in the coming months. A quarterly survey by the National Association for Business Economics found that only 24 percent of companies increased wages and salaries in the July-September...

  • CNBC's Tyler Mathisen looks ahead to what are likely to be next week's top business and financial stories. Apple Pay hits retailers. The new NBA season starts and so does the World Series.

  • Millennial job turnover not so bad: Labor study Friday, 17 Oct 2014 | 1:45 PM ET

    A new study shows the median tenure of workers ages 25 to 34 is only three years—less than a third of the tenure among people aged 55 to 64 years old.

  • What a 401(k) plan should really owe employees Friday, 17 Oct 2014 | 10:37 AM ET

    The U.S. Supreme Court is hearing a case on whether the trustees of a 401(k) plan should have considered an alternative with lower fees. NYT reports.

  • Ohio's September unemployment rate down Friday, 17 Oct 2014 | 3:02 AM ET

    COLUMBUS, Ohio— Ohio's unemployment rate fell slightly last month after holding steady for two months in a row, according to state numbers released Friday. The state's jobless rate was 5.6 percent for September, down from 5.7 percent in both July and August, according to the Ohio Department of Job and Family Services. The Ohio unemployment rate was slightly...

  • SYDNEY, Oct 17- London copper bounced off six-month lows on Friday after the U.S. economy showed signs of strength, but lingering global growth concerns kept a recovery in check as markets await China economic data next week. Copper prices slid to their weakest since April 15 at $6,535 a tonne on Thursday. China will publish GDP data on Oct. 21.

  • India's Modi kicks off overhaul of labor rules Thursday, 16 Oct 2014 | 7:45 PM ET
    Employees install interior panels and fittings to a Mahindra & Mahindra XUV 500 sport-utility vehicle (SUV) on the production line at the company's facility in Chakan, Maharashtra, India.

    India will simplify employment rules and ease the way for people changing jobs to move social security funds, Premier Modi said.

  • This is Australia's next growth driver Thursday, 16 Oct 2014 | 6:50 PM ET
    Skyline of Downtown Perth, Australia.

    Australia's once-booming resources sector is fizzling, but HSBC says a new engine may propel the economy: housing and infrastructure.

  • Kentucky jobless rate falls to 6.7 percent Thursday, 16 Oct 2014 | 2:44 PM ET

    FRANKFORT, Ky.— Kentucky officials say the state's unemployment rate in September dropped to its lowest rate in more than six years. The Kentucky Office of Employment and Training said Thursday the seasonally adjusted jobless rate fell to 6.7 percent last month, down from 7.1 percent in August. It's the lowest statewide jobless rate since July 2008, when the rate...

  • Rhode Island's unemployment rate at 7.6 percent Thursday, 16 Oct 2014 | 2:33 PM ET

    PROVIDENCE, R.I.— Rhode Island's unemployment rate for September was 7.6 percent, the same as the rate for August after it was revised downward. The state Department of Labor and Training reported the new figure on Thursday. Rhode Island's rate a year ago was 9.5 percent.

  • *Netflix tumbles after quarterly results. *UnitedHealth leads Dow, S&P higher. NEW YORK, Oct 16- U.S. stocks edged higher in afternoon trading Thursday, rebounding from earlier declines, as a flurry of economic reports eased fears about the potential impact of a weakening global economy on the United States.

  • Minnesota jobs report shows dip in unemployment Thursday, 16 Oct 2014 | 12:01 PM ET

    ST. PAUL, Minn.— Minnesota has added 7,200 jobs, pushing the state's unemployment rate down to 4.1 percent. State officials announced the September gains in the seasonally adjusted unemployment rate Thursday. Mark Dayton has been campaigning on Minnesota's relatively low rate, while his Republican challenger, Jeff Johnson, says Minnesota's job growth doesn't...

  • *Netflix tumbles after quarterly results. *UnitedHealth leads Dow, S&P higher. Adding to the positive tone, St. Louis Federal Reserve Bank President James Bullard told Bloomberg television the U.S. central bank may want to keep up its bond buying stimulus for now given a drop in inflation expectations.

  • New Jersey's unemployment rate drops slightly Thursday, 16 Oct 2014 | 11:48 AM ET

    TRENTON, N.J.— New Jersey's overall employment picture improved slightly last month despite the loss of more than 6,000 jobs in three Atlantic City casinos that shut down. The state says the unemployment rate dropped a tick to 6.5 percent in September as public-sector hiring picked up— largely because of state colleges and universities hiring.

  • Merry Christmas! Hiring may hit dot-com boom level Thursday, 16 Oct 2014 | 10:11 AM ET
    A Now Hiring sign to attract seasonal employees

    Christmas season retail hiring is expected to significantly outpace the level seen in 2013.

  • Fed Lockhart: US jobs market still a mess Thursday, 16 Oct 2014 | 9:17 AM ET
    People browse booths at a military veterans' job fair in Carson, Calif., October 3, 2014.

    The labor market is still "far from normal" because of large numbers of part-time workers, Atlanta Fed president Dennis Lockhart said on Thursday.

  • WASHINGTON, Oct 16- The number of Americans filing new claims for jobless benefits fell to a 14- year low last week, a positive signal that could counter doubts over whether the economy is shifting into a higher gear. Initial claims for state unemployment benefits dropped 23,000 to a seasonally adjusted 264,000, the lowest level since 2000, the Labor...

  • How states fared on unemployment benefit claims Thursday, 16 Oct 2014 | 9:03 AM ET

    The Labor Department said Thursday that weekly applications for unemployment aid fell 23,000 to a seasonally adjusted 264,000, the lowest level since April 2000. New York: Up 4,753, due to layoffs in transportation and warehousing, food services and public administration. Texas: Up 1,976, due to layoffs in manufacturing, administrative support, and finance.

  • US jobless aid applications fall to 14-year low Thursday, 16 Oct 2014 | 8:32 AM ET

    WASHINGTON— The number of people seeking U.S. unemployment aid dropped to the lowest level in 14 years last week, the latest sign of a strengthening labor market that could help blunt worries about the impact of weak global growth. The Labor Department said Thursday that weekly applications for unemployment aid fell 23,000 to a seasonally adjusted 264,000,...