The Labor Department says Kentucky saw its unemployment rate fall to 5.3 percent in April, down from 5.6 percent in March. In addition to Kentucky, the other four states judged to have significantly lower unemployment rates in April were Arkansas, Delaware, Kansas and Vermont. In addition to Pennsylvania, the states with significantly higher rates were New... » Read More
Unemployment remains stubbornly high, while job creation frustratingly slow.
I'm just back from summer holidays and at the risk of coming across as one-track minded, we’re going to talk about the eurozone once more. Its worries are still with us (not that they are going away, this year, next year or even by 2021. Not until they have fiscal, as well as monetary policy, union. But that is for another day!), and we can’t ignore them.
Debt drama in the US and Europe continues next week just as earnings season gets into full swing. It's going to be a volatile week for the market.
If investor confidence is to gain traction, it is essential that job creation accelerate and reinforce other factors supporting growth in the US.
Fun new job: Craig Ceccanti, Pinot's Palette CEO — it's a a "Sip and Paint" BYOB painting studio
The US economy is teetering on the brink of a second recession—not a double-dip—even though the stock market remains strong, economist David Rosenberg told CNBC.
Google's strong earnings and rocketing stock price may temporarily distract investors, but tension around U.S. debt ceiling discussions and the results of European bank stress tests Friday could quickly snap markets back to bigger concerns.
You wouldn't believe the wild stunts some people will pull to get a job. One unemployed man is willing to die to get a job ... sort of. "This is a real every man for himself type economy right now," he said. Click through to read his life-or-death offer.
Seeming to usually prefer government management of the economy to that of the private sector, Professor Alan S. Blinder is now pushing for a jobs tax credit to induce owners to hire more workers. "At the margin" this might work a bit, but primarily this is a "cash for clunkers" proposal, handing money to owners who found a good reason to hire anyway.
Debt drama dents the dollar and growth data down under is uplifting — it's time for your FX Fix.
Jobless claims drop from last week to 405,000. A breakdown of the economic data, with Stuart Hoffman, PNC Financial Services; Carly Fiorina, former HP president/CEO; Jim Iuorio, TJM Institutional Services; CNBC's Steve Liesman & Rick Santelli.
While there were plenty of caveats and references to the slowdown being nothing more than a “soft patch,” the bar for doing more quantitative easing suddenly doesn’t look so high.
An increase in layoffs may be the culprit behind the weak employment picture, rather than a decrease in hiring.
Wealthy Americans, who are expected to increase their spending on luxury items by 8 percent to $359 billion this year, are no longer embarassed at flaunting their wealth despite an economic slowdown which has caused hardship on many who have lost their jobs, David Arnold, publisher of luxury magazine the Robb Report told CNBC.
Traders will be tuned in to Bernanke's Senate testimony Wednesday to see what he says about the economy and any new stimulus measures. Don't get too excited about a QE3, one economist said — that was just the Fed thinking out loud.
Hedge-fund master Byron Wien has a decidedly positive view of the U.S. economy in the second half of the year, he told CNBC Tuesday. The one big problem is persistently high U.S. unemployment.
Currency investors are currently debating the merits of a proposed plan to allow a tax holiday for big US multinationals that could see money pour back into America, potentially boosting the dollar.
The ongoing crisis in the euro zone is creating a trading opportunity among safe-haven currencies, this strategist says.
If you’re confused over high unemployment, you’re not alone. The people who are best supposed to understand this issue don’t have much of a clue either.
There's be no money for U.S. defense as of Aug. 3 if there is no deal on the debt under a worst-case scenario, former Treasury Secretary Jay Powell told CNBC Monday.