The Fed is still months away from beginning the process of scaling back its $85 billion a month bond-buying program, JPMorgan Chief Economist Bruce Kasman tells CNBC.» Read More
The Fed is still months away from beginning the process of scaling back its $85 billion a month bond-buying program, JPMorgan Chief Economist Bruce Kasman tells CNBC.
ESPN, the sports channel that is Walt Disney's most profitable unit, is cutting 300 to 400 jobs across the company and closing a small Denver office, a source said.
Sen. Carl Levin, (D-MI), questions Tim Cook, Apple CEO, and Phillip Bullock, Apple's head of tax operations about whether income from Apple Sales International and AOI is paid in the United States or Ireland.
Sen. Carl Levin, (D-MI), swears in Apple's CEO before a Senate committee hearing on tax reform. Cook defends his company's stand on tax repatriation, adding Apple complies with the letter and spirit of the tax law and does not use "tax gimmicks."
CNBC's Steve Liesman breakS down the latest data on the U.S. economy.
The beginning of the end of the Federal Reserve's massive bond-buying program might come sooner than many investors think if recent gains in the U.S. labor market do not prove fleeting.
May 19- The beginning of the end of the Federal Reserve's massive bond-buying program might come sooner than many investors think if recent gains in the U.S. labor market do not prove fleeting.
WASHINGTON, May 17- Unemployment rates dropped in 43 out of the 50 U.S. states and in the District of Columbia in April from a year before, according to Labor Department data released on Friday. A handful of states, including Illinois, Delaware, Indiana, Wisconsin, Mississippi and New Hampshire saw their jobless rates rise over the year.
MONTPELIER, Vt.-- Vermont's unemployment rate continues to decline. In the state's 17 local labor market areas, the non-seasonally adjusted rates for April ranged from 2.9 percent in the Hartford area to 7.3 percent in Newport.
ATLANTA-- Georgia's seasonally adjusted unemployment rate dropped to 8.2 percent in April, state labor officials said Thursday. The figure is down from 8.4 percent in March, and 9.1 percent a year ago, according to the Georgia Department of Labor. Georgia's unemployment rate is now the lowest it has been since December 2008, Labor Commissioner Mark Butler said.
May 16- New Jersey's unemployment rate dropped to 8.7 percent in April and personal income tax collections rose 29.1 percent to $2.23 billion from the same month last April, state data show.
Does this job make me look fat? A Gallup-Healthways survey takes a look at which jobs have high rates of obesity. And it's bad news for bus drivers.
NEW YORK/ LONDON, May 16- Brent crude oil futures rose on Thursday on dollar declines, but gains were capped by a stall in the U.S. equity market as a jump in U.S. jobless claims stoked investor worry about an economic recovery.
NEW YORK, May 16- U.S. Initial claims for state unemployment benefits jumped by 32,000 to a seasonally adjusted 360,000, the Labor Department said on Thursday- the biggest jump since November.
LONDON, May 16- Brent oil futures climbed above $104 on Thursday, responding to dollar declines, while a jump in U.S. jobless claims capped gains as they added to the bearish demand outlook.
NEW YORK, May 16- U.S. Initial claims for state unemployment benefits jumped by 32,000 to a seasonally adjusted 360,000, the Labor Department said on Thursday. "There's plenty of slack in the labor market," said Tanweer Akram, senior economist with ING U.S. Investment Management in Atlanta, Georgia.
WASHINGTON, May 16- The number of Americans filing new claims for unemployment benefits climbed last week at the fastest pace in six months, a worrisome sign for the economy which has been hit by government austerity. Initial claims for state unemployment benefits jumped by 32,000 to a seasonally adjusted 360,000, the Labor Department said on Thursday.
WASHINGTON-- The number of Americans applying for unemployment benefits has fallen to its lowest level since before the recession. The Labor Department will release the report at 8:30 a.m. EDT Thursday. Two weeks ago, the unemployment aid applications fell to 323,000, the fewest since January 2008.
OLYMPIA, Wash.-- Washington state's unemployment rate dropped to 7 percent in April, and the state added an estimated 3,800 jobs last month, according to numbers released Wednesday. The state has now regained about 78 percent of the more than 200,000 jobs lost during the recession, officials with the state Employment Security Department said.
David Bradbury, Assistant Treasurer of Australia, says there is still room for the RBA to cut rates further. He also deconstructs Treasurer of Australia Wayne Swan's comments and the budget expectations stating that mining boom will continue while jobs remain the key focus.