JJ Kinahan, Chief Strategist of TD Ameritrade, says the slump in September's employment index is more worrying than the HSBC flash purchasing managers' index.» Read More
BERLIN— Workers at four of Amazon.com' s German distribution centers have started a two-day strike in a long-running dispute over wages. Amazon employs some 9,000 people in total at nine locations in Germany. Amazon says its distribution warehouses in Germany are logistics centers and employees already earn wages on the upper end of that industry.
U.K. Shadow Chancellor Ed Balls says the rise in minimum wage is a "tough" decision but can but introduced without costing jobs.
CNBC's Tyler Mathisen looks ahead to what are likely to be next week's top business and financial stories, including Alibaba's first full week of trading on the NYSE.
AUSTIN, Texas— The Texas unemployment rate rose slightly last month, representing the first increase in the rate this year, state officials said Friday. Major industries across the board in Texas continued to show growth, with the workforce commission saying the state added 20,100 jobs last month.
Louisiana's unemployment rate jumped again in August, the fourth straight month with an increase, according to figures released Friday. Louisiana's unemployment rate was 5.4 percent in July, but remains below August 2013' s level of 6.2 percent. A separate survey shows employer payrolls rose to yet another all-time high in Louisiana.
SACRAMENTO, Calif.— California's unemployment rate was unchanged for a third month, holding at 7.4 percent in August, officials said Friday. The state added 44,200 nonfarm jobs during the month, bringing the total to 15.5 million, the California Employment Development Department reported.
JACKSON, Miss.— Mississippi no longer has the highest unemployment rate in the nation in August, according to figures released Friday by the U.S. Labor Department. The Mississippi unemployment rate fell to 7.9 percent in August, breaking a string of three straight monthly increases. That's compared to 8 percent in July and 8.6 percent in August 2013.
RICHMOND, Va.— The Virginia Employment Commission says the state's jobless rate rose to 5.6 percent in August. Virginia's jobless rate has increased for the past four months. The Labor Department says unemployment rates rose in 24 states and Washington, D.C., fell in 15 and was unchanged in 11 states.
AUGUSTA, Maine— Maine's unemployment rate ticked up slightly in August to 5.6 percent. Maine's unemployment rate remains below the national average of 6.1 percent and the New England average of 5.9 percent.
MONTPELIER, Vt.— The Vermont Department of Labor says the state's unemployment rate is up four-tenths of one percent to 4.1 percent, the third increase in three months. Labor Commissioner Annie Noonan says at 4.1 percent, Vermont's unemployment rate is well below the national average of 6.1 percent.
INDIANAPOLIS— Indiana's unemployment rate declined for the first time in four months during August, dropping slightly to 5.8 percent. Figures released Friday by the state Department of Workforce Development show Indiana's jobless mark fell one-tenth of a percentage point last month from July's rate.
The Labor Department says unemployment increased in 24 states, fell in 15 and was unchanged in 11. Hiring picked up in 35 states, while it fell in 15.. Georgia's unemployment rate jumped to 8.1 percent from 7.7 percent in July to the highest among all the states. Previously, Nevada, Michigan and Rhode Island have had the highest.
LINCOLN, Neb.— Nebraska's preliminary unemployment rate held steady at 3.6 percent in August but registered four-tenths of a point under the rate a year ago, the Nebraska Labor Department said Friday. South Dakota had the nation's lowest rate last month— 2.8 percent— and Nebraska's 3.6 percent was matched by South Dakota and Utah, the U.S. Labor Department said.
LAS VEGAS— Nevada's unemployment rate ticked down last month to its lowest level in six years, helped by rebounds in the construction and business services industries, state officials said.
MONTGOMERY, Ala.— Alabama's unemployment rate decreased slightly in August to 6.9 percent, but remained above last year's rate for last month. Robert Bentley announced Alabama recorded 6.9 percent in August, compared to 7.0 percent in July and 6.5 percent in August 2013.
COLUMBIA, S.C.— South Carolina's unemployment rate rose again in August to 6.4 percent, putting the state above the national jobless rate, according to labor data released Friday. South Carolina's revised July rate was 5.8 percent, after being 5.3 percent since April.
COLUMBUS, Ohio— Ohio's unemployment rate for August was unchanged from the previous month, according to state statistics released Friday. That figure was up from the Ohio's seasonally adjusted rate for May and June, which was 5.5 percent.
ALBANY, N.Y.— New York's labor department reports the state total of private sector jobs increased by 3,900 in August. State officials say the 0.1 percent gain raises New York's overall job count to a record of 7,605,000..
Target will hire 70,000 seasonal workers this holiday, Wal-Mart 60,000 and J.C. Penney 35,000.
NEW YORK— The U.S. stock market closed at record highs on Thursday following another piece of good news on the economy. Fewer Americans filed first-time claims for unemployment benefits last week, according to the Labor Department. That came a day after the Federal Reserve on Wednesday made clear it would keep interest rates near zero for a while.