U.S. manufacturing output rose for a second straight month in March, a sign of recovery from a long winter.» Read More
BRASILIA, April 17- Brazil's jobless rate dropped unexpectedly in March as fewer people sought jobs, highlighting a trend that has helped keep unemployment near record lows despite weak economic growth. Brazil's non-seasonally-adjusted jobless rate declined in March to 5.0 percent from 5.1 percent in February, statistics agency IBGE said on Thursday.
The CBO estimates that boosting the minimum wage to $10.10 hourly would force businesses to spend $15 billion more in salaries in 2017.
WASHINGTON— A Senate Democratic bill gradually increasing the federal minimum wage to $10.10 hourly would require private businesses to spend $15 billion more in salaries when it takes full effect in 2017, the Congressional Budget Office estimated Thursday.
MADISON, Wis.— Wisconsin's unemployment is down to 5.9 percent, its lowest level since November 2008. The state Department of Workforce Development reported Thursday that the unemployment rate was 5.9 percent in March, down from 6.1 percent in February.
TOPEKA, Kan.— Unemployment held steady in Kansas during March, staying at a seasonally adjusted rate of 4.9 percent in March, the same as in February. The Kansas Department of Labor says Thursday that the rate compares with 5.5 percent from March 2013. Labor officials say that Kansas added 2,200 private-sector jobs in March and more than 17,000 in the past 12 months.
TRENTON, N.J.— Preliminary data show New Jersey's unemployment rate inched up to 7.2 in March from 7.1 the previous month as the state lost 1,300 jobs. The report released Thursday by the state Labor Department shows private sector employment declined by 700 jobs, but says that sector has added 2,200 jobs since March 2013.
"The economy is stronger than you think," said Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi UFJ in New York. Initial claims for state unemployment benefits ticked up 2,000 to a seasonally adjusted 304,000 for the week ended April 12, the Labor Department said on Thursday, staying close to a 6-1/ 2 year low touched the prior week.
Commissioner Katie Clark Sieben said Minnesota has 33,000 more jobs than its all-time employment peak. Steve Hine, research director at the agency, said Minnesota hit 2 million people in its labor force in 1978 and reached 2.5 million in 1993. It has taken longer to get the rest of the way.
We love talking about how stressful work is, as if our ancestors weren't wondering if they had enough food for winter.
RDQ Economics' John Ryding told CNBC he questions whether monetary policy can spur companies into hiring the long-term unemployed.
ATLANTA— State labor officials say Georgia's unemployment rate has dropped to 7 percent, the lowest rate since September 2008. The Georgia Department of Labor announced the new seasonally adjusted jobless rate on Thursday.
NEW YORK, April 17- U.S. Initial claims for state unemployment benefits ticked up 2,000 to a seasonally adjusted 304,000 for the week ended April 12, the Labor Department said on Thursday. "There is follow-through from yesterday, there was significant selling in the middle of the curve," said Tom Tucci, head of Treasuries trading at CIBC in New York.
WASHINGTON, April 17- New applications for unemployment benefits held near their pre-recession levels last week, offering further evidence of the economy's underlying strength. Initial claims for state unemployment benefits ticked up 2,000 to a seasonally adjusted 304,000 for the week ended April 12, the Labor Department said on Thursday.
WASHINGTON— The number of people seeking U.S. unemployment benefits last week rose 2,000 to a seasonally adjusted 304,000. Jobless claims continue to be near pre-recession levels despite the slight increase.
US TREASURIES YIELDS HIT SESSION HIGHS AFTER JOBLESS CLAIMS, 10- YEAR NOTES YIELD 2.66 PERCENT.
The number of Americans filing new claims for unemployment benefits rose marginally last week.
CNBC's Rick Santelli has the latest unemployment numbers. Lindsey Piegza, Sterne Agee and John Ryding, RDQ Economic share their thoughts on the data. Piegza says the Fed has very difficult job remaining at this accommodative pace, likely longer than expected.
They want to paint her as a dove, says John Ryding, RDQ Economics, sharing his thoughts on what will likely prompt the Federal Reserve to raise interest rates, and whether inflation will become a factor in Fed policy.
WASHINGTON— The Labor Department reports on the number of people who applied for U.S. unemployment benefits last week. The report will be released at 8:30 a.m. Eastern time Thursday. EASTER SURPRISE: The number of people seeking jobless aide has stayed at pre-recession levels for several months.
Labor laws exclude more than a dozen categories of jobs from the minimum wage, including crews on fishing ships and casual baby sitters.
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