President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
Some operators are cashing in on the CBD craze by substituting cheap and illegal synthetic marijuana for natural CBD in vapes and edibles such as gummy bears, an AP...Health and Scienceread more
While hiring in the U.S. rebounded in March, baby boomers who are still in the work force are not doing so great.
Employment for people age 55 and older dropped 209,000 last month, the biggest such decline since February 2015 when 251,000 jobs were cut for the age group, according to the Bureau of Labor Statistics.
While the decline was notable, a one-month change hardly makes a trend. In fact, this age group still has the lowest unemployment level among all cohorts, with a 2.7% jobless rate in March unchanged from February. The overall unemployment rate held steady at 3.8% in March.
"This data tends to be volatile monthly. I don't think it's a start of a trend," said Craig Dismuke, chief economist at Vining Sparks. "Broadly speaking, I think the labor market has been very good for people over the age of 55 and 65."
Month-to-month swings can appear large because of the small sample size of the population survey, ZipRecruiter's labor economist Julia Pollak told CNBC.
"The Current Population Survey is a survey of about 60,000 households, and the sample sizes get small when one slices the data by age group and employment status. But the overall trends appear positive," Pollak said.
Although the number can be volatile, several industries including government and educational services where the employment distribution skews toward older workers have seen "sluggish" growth lately, Pollak pointed out.
Baby boomers have been the biggest job gainers in the last decade. Many of them facing retirement tend to stay in the workforce partly because they fear they don't have enough money saved up. President Donald Trump has also pushed for policies to encourage more Americans to get back to work as baby boomers retire.
"The broader trend is that the participation in 55 and over continue to rise," Dismuke said. "I do think there's an issue that people haven't saved enough and they are forced to work longer. We have a smaller percentage of our jobs today [that] are manually taxing like they would've been 40 years ago," and less physically demanding work allows people to work longer, Dismuke said.
— CNBC's John Schoen contributed to this report