Higher minimum wages chomp into restaurants

Labor’s victories in hiking minimum wages stand to “eat into” restaurant profitability, warns Moody’s Investors Service Thursday, confirming the fears of investors. Profit margins of U.S. restaurants could be hit

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Job openings hit 14-year high in April

The number of job openings in the U.S. surged to a 14-year high in April in a sign that job growth could strengthen further in coming months, the Labor Department

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More Americans expect higher incomes this year

Americans are significantly more optimistic about their income prospects while their perceptions of their financial well-being have improved modestly, according to Federal Reserve survey results out Wednesday. Twenty-nine percent of

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Monthly average of jobless claims hit 15-year low

The number of people seeking U.S. unemployment benefits ticked lower last week, pushing down the four-week average of applications to its lowest level since April 2000. Weekly applications fell 1,000

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A great jobs report for investors

The jobs report met expectations for once, and that’s good news for stock and bond investors. The U.S. economy added 223,000 jobs in April, according to the Bureau of Labor

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April job gains rebound to 223,000; unemployment dips

Milder weather helped the labor market shake off a winter chill in April as employers added 223,000 jobs. The unemployment rate fell from 5.5% to 5.4%, lowest since May 2008.

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Despite jobs report, warning signs abound

Economists got it right last month: 223,000 jobs were added to the economy in April, in line with the 228,000 expected, while the unemployment rate fell to 5.4%. Wages even

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Unemployment benefit claims fall to 15-year low

Initial claims for unemployment benefits fell to the lowest level in 15 years last week, a sign of an improving labor market and more stable employment for Americans. Seasonally adjusted

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P&G cutting more office jobs, up to 6,000 worldwide

Procter & Gamble will cut another 3,000 to 6,000 office jobs worldwide in the next two years, senior executives said Thursday. An unknown number of cuts could occur here, where the

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No alarms in weak March job gains

Economists don’t view the government’s report Friday of a skimpy 126,000 job gains in March as a harbinger of sluggish payroll growth in 2015, but several anticipate a slowdown from

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Jobs report may give Fed pause

For investors, the March jobs report means that the Federal Reserve’s first interest-rate hike could be slowly receding in the distance. The Bureau of Labor Statistics reported that the economy

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“Good” March jobs report may not be so good

The markets are gearing up for the all-important jobs report due out Friday. The report will likely show that last month the economy, once again, added hundreds of thousands of

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