Software engineers straight out of college often make six-figure salaries, not counting equity compensation.Technologyread more
Representatives from the Chinese side say they think it likely that Chinese President Xi Jinping will attend the G-20 meeting later this month. But in order to reach a trade...China Economyread more
Wall Street, though, is clamoring for a rate cut, with an 85% chance of a move in July and a 61% probability of three reductions by year's end.The Fedread more
A company spokesperson said the outage was the result of a "an internal technology issue" and was not security related.Retailread more
Using MIT's living wage calculator, CNBC Make It mapped out the minimum amount a single parent must earn to meet their basic needs without relying on outside help in every...Earnread more
Mired in a crisis over its best-selling 737 Max plane, Boeing could hand the spotlight over to its rival Airbus at the Paris Air Show.Airlinesread more
In the survey, 66% of Democratic primary voters say they'd be enthusiastic or comfortable about Biden as their nominee to take on President Trump in the 2020 election. Just...Politicsread more
You can save money by doing a quick check and unsubscribing from apps you no longer use.Technologyread more
The flattening of the yield curve is exuding a bad omen for the stock market if history is any guide.Marketsread more
Stratolaunch, the world's largest airplane, which flew once, is up for sale, sources familiar told CNBC.Investing in Spaceread more
Transparency is key… or is it? With the first-ever non-transparent, actively managed exchange-traded fund receiving approval from the SEC, "ETF Edge" goes straight to the...ETF Edgeread more
The number of Americans filing applications for unemployment benefits unexpectedly fell last week, pointing to strong labor market conditions despite signs that job growth was slowing.
While other data on Thursday showed an improvement in worker productivity in the fourth quarter, the trend remained sluggish. Labor costs continued to rise at a moderate pace in the last quarter, suggesting benign inflation pressures that support the Federal Reserve's "patient" stance towards further interest rate increases this year.
Initial claims for state unemployment benefits slipped 3,000 to a seasonally adjusted 223,000 for the week ended March 2, the Labor Department said. Economists polled by Reuters had forecast claims would be unchanged at 225,000 in the latest week.
The four-week moving average of initial claims, considered a better measure of labor market trends as it irons out week-to-week volatility, fell 3,000 to 226,250 last week, the lowest level in a month.
The claims data has no bearing on February's employment report, which is scheduled for release on Friday, as it falls outside the survey period. There are indications that employment growth is slowing after last year's robust gains. Part of the moderation in job growth is because of a shortage of workers.
Recent Institute for Supply Management surveys showed measures of manufacturing and services sectors employment dropping in February. A report from the Fed on Wednesday showed "modest-to-moderate gains" in employment in a majority of the U.S. central bank's districts in February.
The Fed's "Beige Book" report of anecdotal information on business activity collected from contacts nationwide showed notable worker shortages in information technology, manufacturing and construction industries as well as trucking businesses and at restaurants.
The Fed said contacts reported labor shortages were restricting employment growth in some areas.
The pace of job growth, however, remains more than enough to keep pushing the unemployment rate down. According to a Reuters survey of economists, nonfarm payrolls likely increased by 180,000 jobs in February after surging by 304,000 in January.
The unemployment rate is forecast to fall one-tenth of a percentage point to 3.9 percent in February.
The U.S. dollar extended gains after the release of the data on Thursday while U.S. stock index futures were little changed. Prices of U.S. Treasuries were trading higher.