The banking profession is losing its shine and young people may be better off choosing jobs such as engineering, science or technical, various experts told CNBC.
Unemployment jumped to 9.8 percent in a very disappointing November jobs report. Nonfarm payrolls increased by only 39,000 and private jobs expanded by just 50,000. This is way below what the economy needs. Most discouraging, the smaller-business household employment number fell for the second time in a row, down 173,000 in November after a 330,000 drop in October.
If Congress does not extend the Bush-era tax cuts for the highest income levels, a typical worker who earns a $1 million bonus would pay $40,000 to $50,000 more in taxes next year than this year, depending on base salary, the New York Times reports.
Democrats are engineering a showdown in the Senate over tax cuts Saturday in an attempt to depict Republicans as guardians of the rich and gain an edge for the 2012 elections.
Whether it's earnings reports, analyst meetings or unemployment data, here's what you need to know.
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The "Pit Boss" reveals which industry is seeing heavy call buying in midday trading.
Despite a disappointing November jobs report, Paychex CEO Martin Mucci said he's seeing some positive signs in the US job picture.
Pay no attention to those 15.1 million unemployed people—Wall Street instead is more focused on the man behind the Fed curtain and what he'll be doing to fire up the equity markets.
The jobs number may have sent many market bulls running for the exits Friday morning, but not Brian Kelly of Kanundrum Capital. So why the optimism?
The longer people stay out of work, the more trouble they have finding new work. That is a fact of life that much of Europe, with its underclass of permanently idle workers, knows all too well. But it is a lesson that the United States seems to be just learning. The New York Times reports.
The shockingly weak jobs numbers released this morning are evidence of something I've talked about in this space: American businesses are on strike.
NYU's Stern School of Business Dean Peter Henry believes the recovery will be slower in the US and other advanced economies, where discretionary spending has cooled, while emerging markets—and their newly discovered taste for fine goods—will bounce back more quickly.
Economic growth will be subpar, the jobless rate drifts lower, deflation remains a concern, deficit reduction goes nowhere and heads roll in Washington.
Young people are not preferred by employers and are the first victims of business cycles, José Manuel Salazar, executive director at the International Labor Organization, told CNBC Friday.
In the biggest real estate deal of the year, Google signed a contract on Thursday to buy one of the largest office buildings in Manhattan for more than $1.8 billion, according to two real estate executives who have been briefed on the deal, the New York Times reports.
Learn how the "Fast Money" traders suggest navigating potentially market moving developments on Friday, Dec. 3.
"We do expect to see a favorable report, a better one than we've seen in a long time," said Dean Maki of Barclay's Capital, who sees a gain of 170,000 jobs for November.
We cannot close the demographic gap retroactively, but we certainly can close the skills gap — through education. Clearly, education is the key to youth employment, and this is where both government and industry must take action to engage and inspire young people.
Youth unemployment represents one of the most significant barriers to economic and social development throughout the world, John Studzinski is Senior Managing Director and Head of Financial Advisory at Blackstone says in this guest blog for CNBC.