Paul Swinand, Equity Analyst at Morningstar discusses why despite recent strong data, the Fed is likely to hold off on trimming stimulus next week.» Read More
OLYMPIA, Wash.-- State officials say that an estimated 25,000 unemployed workers in Washington state will lose their benefits at the end of the month.
NEW YORK, Dec 12- The dollar gained across the board on Thursday, helped by an upbeat U.S retail sales report that suggested recovery in the world's largest economy is on stable footing. U.S. retail sales rose 0.7 percent in November, while initial jobless claims rose 68,000 to 368,000 last week, the largest weekly increase November 2012.
Senate Majority Leader Harry Reid, D- Nev., on Wednesday praised the agreement as a step toward ending gridlock in Congress, but said he was disappointed it didn't include extension of federal jobless benefits. "Neither side got everything it wanted in these negotiations," Reid said on the Senate floor.
WASHINGTON, Dec 12- The number of Americans filing new claims for unemployment benefits rose sharply last week, reversing the prior three weeks declines, but a recent strengthening of the labor market likely remains intact. Initial claims for state unemployment benefits surged 68,000 to a seasonally adjusted 368,000, the Labor Department said on Thursday.
WASHINGTON-- The Labor Department reports on the number of people who applied for U.S. unemployment benefits last week. STEADY JOB GAINS: The decline in layoffs has coincided with a pickup in hiring. The Labor Department said Friday that employers added 203,000 jobs last month and the unemployment rate dropped to a five-year low of 7 percent.
CARSON CITY, Nev.-- About 17,000 Nevadans will be cut off from unemployment assistance after Dec. 28 under a budget deal worked out by congressional negotiators, which omits continuation of federal jobless benefits implemented at the height of the recession.
BATON ROUGE, La.-- The new leader of the Louisiana Association of Business and Industry said Monday that since he took the job in September, he's heard the same complaint from companies: the state has too few skilled workers to take available jobs.
Ken Langone, Invemed Associates chairman and president, explains how low margins and high costs are driving hospital costs.
We are in good shape, said Ken Langone, Invemed Associates chairman and president, sharing his thoughts on the likely impact of the Fed's tapering on the economy.
Ah, the office holiday party. A chance to make or destroy your career. Here are some tips from career coach Marie McIntyre.
Ron Unz, Higher Wages Alliance chairman, says raising the minimum wage to $12 an hour would lift millions of workers out of poverty. Lindsey Piegza, Sterne Agee chief economist, debates Unz's initiative.
The Treasury is selling its remaining shares of General Motors, reports CNBC's Steve Liesman. Former Vermont Governor Howard Dean; Lindsey Piegza, Sterne Agee chief economist, CNBC contributor Michael Farr; and CNBC's Robert Frank, weigh in.
Art Cashin, UBS director of floor operations, discusses market pressure following the jobs report and when he thinks the Fed will begin to taper.
Chad Morganlander, Stifel Nicolaus portfolio manager, and Dan Greenhaus, BTIG chief global strategist, discuss the outlook for the stock market as talk of the Fed tapering intensifies. Morganlander says he is biased to equities and bearish on bonds.
The U.S. economy is ready to recover but there's a roadblock, says research director Dan Steinbock.
Alison Deans, Varick Asset Management, and Ryan Detrick, Schaeffer's Investment Research, discuss how strong economic data is likely to impact the markets next year.
Gov. Rick Scott, (R-FL), discusses how changing the state's corporate tax code is attracting new business and creating jobs in the Sunshine State.
Thomas Lee, JPMorgan chief US equity strategist, says that Friday's strong jobs data raises the odds of an early taper and the Fed could begin trimming its quantitative easing program sometime in January.
*Aussie also firmer due in part to strong China trade data. TOKYO/ SYDNEY, Dec 9- The euro raced to a near six-week high against the dollar and scaled a fresh five-year peak versus the yen on Monday after strong U.S. payrolls data boosted risk appetite despite threats of a possible reduction in the U.S. monetary stimulus.
TOKYO, Dec 9- Japan's Nikkei stock average climbed as much as 2 percent on Monday morning, buoyed by a slide in the yen after an upbeat U.S. jobs report raised expectations the Federal Reserve will soon begin unwinding its stimulus.