Previewing tomorrow's employment report, with Diane Swonk, Mesirow Financial, and CNBC's Steve Liesman.» Read More
The Labor Department said Thursday that applications for jobless aid increased 23,000 to a seasonally adjusted 302,000. The less volatile four-week moving average dipped to 297,250, the lowest reading since April 2006. New York: Down 18,663, due to fewer layoffs in education, transportation and warehousing, and health care and social assistance.
Though the U.S. unemployment rate has plunged since the start of last year to a five-year low of 6.1 percent, the Gallup Organization has found that consumers' view of the economy is the glummest it's been in seven months. At 53, Hunter now works three days a week for $9.25 an hour, mopping floors and fixing fryers at two McDonald's restaurants in Chicago.
WASHINGTON, July 31- The number of Americans filing new claims for unemployment benefits rose last week, but the underlying trend pointed to a continuing strengthening of labor market conditions. Initial claims for state unemployment benefits increased 23,000 to a seasonally adjusted 302,000 for the week ended July 26, the Labor Department said.
WASHINGTON— More people sought U.S. unemployment benefits last week, but jobless claims remain at pre-recession levels. Weekly applications for unemployment aid rose 23,000 to a seasonally adjusted 302,000, the Labor Department said Thursday.
US TREASURY YIELDS INCREASE SLIGHTLY AFTER JOBLESS CLAIMS, 10- YEAR NOTE YIELDS ROSE TO 2.60 PERCENT.
WASHINGTON, July 31- The number of Americans filing new claims for unemployment benefits rose last week, but the underlying trend pointed to a continuing strengthening of labor market conditions. Initial claims for state unemployment benefits increased 23,000 to a seasonally adjusted 302,000 for the week ended July 26, 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. INCREASE EXPECTED: Economists forecast that weekly applications rose to 302,000, according to a survey by FactSet.
Chris Rupkey, Bank of Tokyo-Mitsubishi UFJ, and Steven Ricchiuto, Mizuho Securities, discuss how Friday's jobs report will likely impact the Fed's taper timetable.
EURO ZONE UNEMPLOYMENT FALLS TO 11.5 PCT IN JUNE FROM 11.6 PCT IN MAY.
The order also requires that workers be given information each pay period to help them to determine whether their paychecks are accurate, White House officials said.
WASHINGTON— President Barack Obama is preparing to sign an executive order cracking down on labor violations by companies that contract with the federal government, the White House said Wednesday. It mirrors protections Congress has already enacted that apply to Pentagon contracts.
Fears that workers will become more unionized after a ruling by the legal arm of the National Labor Relations Board against McDonald's may be real.
PITTSBURGH— Thirty protesters were arrested Wednesday during a demonstration for a labor union and higher employee wages at the University of Pittsburgh Medical Center, organizers said. UPMC officials didn't comment on the events organized by the Service Employees International Union outside UPMC's Pittsburgh headquarters.
A comparison of the Federal Reserve's statements from its two-day meeting that ended Wednesday and its meeting June 17-18:. Now: The Fed sees a better job market, but has added new qualifications: "Labor market conditions improved, with the unemployment rate declining further.
RPT-FED SAYS UNEMPLOYMENT RATE DECLINED BUT A RANGE OF LABOR MARKET INDICATORS SUGGEST SIGNIFICANT UNDERUTILIZATION OF LABOR RESOURCES.
Sign up for Butler Boot Camp? A new paper suggests that there is an upside to inequality for companies and workers that best cater to the newly rich.
Private businesses created 218,000 jobs in July, a number that while solid and in line with previous months fell below expectations, according to ADP.
US TREASURIES YIELDS FALL SLIGHTLY AFTER ADP JOBS DATA, 10- YEAR NOTE YIELDS DECREASE TO 2.47 PERCENT.
CNBC's Steve Liesman and Mark Zandy, Moody's Analytics, check out the monthly employment numbers. We are on track to full employment by late 2016, predicts Zandy.
Mark Vitner, Wells Fargo senior economist, and Richard Hoey, BNY Mellon chief economist, share their thoughts on what they expect to see from Wednesday's GDP numbers.