A Ministry of Commerce spokesperson did not mention any U.S. actions specifically, but it's been a tense couple of weeks for the trade negotiations.World Politicsread more
U.S. stock index futures were lower Thursday morning, as market participants continue to monitor an intensifying trade war between the world's two largest economies.US Marketsread more
British Prime Minister Theresa May could announce her resignation in the next few days, according to U.K. media reports, as she faces increasing pressure from members of her...Europe Politicsread more
A federal judge in New York City on Wednesday said Deutsche Bank and Capital One can turn over financial documents related to President Donald Trump and his businesses in...Politicsread more
Richard Yu, CEO of Huawei's consumer business, said Huawei's own operating system for smartphones and laptops could be ready for use in China by fall this year.Technologyread more
Shares of Chinese telecommunications heavyweight Huawei's suppliers took a hit on Thursday amid the ongoing fallout surrounding the Chinese telecommunications giant.Asia Marketsread more
Lawmakers, lobbyists and CEOs in the U.S. are looking to trying to pick out the best parts of the EU's privacy law called GDPR – and ditch what they see as the worst.Technologyread more
Indian Prime Minister Modi is on course to return to power for a second term after his party reportedly won big at the parliamentary elections.Electionsread more
The embattled German lender saw its share price hit a record low Monday, down nearly 5% since the start of the year.Banksread more
The interaction, witnessed by a senior administration official, followed President Donald Trump's abrupt exit out of a meeting with Democratic congressional leaders.Politicsread more
Among the many ways Trump has shattered White House norms, his impulsive public communications rank among the most consequential. By inspiring investors or spooking them, his...Politicsread more
At a time when the national unemployment rate is at its lowest in nearly half a century, three states have set all-time records.
Vermont's lowest-in-the-nation 2.2% jobless rate represents a new historic mark for the Green Mountain state, according to a report Friday from the Bureau of Labor Statistics.
Along with the new low for Vermont, Pennsylvania at 3.8% and Wisconsin's 2.8% set new standards for state unemployment as indicated by records that go back to 1976. Pennsylvania and Wisconsin's fortunes are significant in that they will be key swing states in the 2020 election, during which the economy's performance under President Donald Trump will be a critical issue.
The trends come the same month that the U.S. rate fell to 3.6%, its lowest reading since December 1969.
That national decline came amid a fall in the labor force participation rate, which pushes the headline number lower. However, a more encompassing gauge that also includes discouraged workers, the underemployed and those considered marginally attached to the labor force also held at 7.3%, an 18-year low.
Alaska has the highest rate in the country at 6.5%.
On a state-by-state basis, 10 saw increases in employment in April while only one saw a decrease. The biggest gainers were California (46,000), Texas (28,900) and New York (26,300). Georgia was the sole job loser with a drop of 14,900.
For the full year, 29 states have seen job gains while the rest have been essentially unchanged. The states with the largest growth over the past 12 months were Texas (294,200), California (271,600) and Florida (206,100.)
Over the past year, the biggest drop in the jobless rate came in Delaware, which fell 0.7 percentage points to 3.2%. The only state whose level is higher in the 12-month period is Hawaii, which rose 0.5 percentage points to 2.8%.