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Tonight on Nightly Business Report, the unemployment rate drops in June but for all the wrong reasons. And, BP agrees to the largest environmental settlement ever related to the 2010 Gulf oil spill.

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Today’s hot stocks: HNT, CNC, XOOM, YELP, HTZ, ANTM & CIG.

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Happy birthday, America! Nothing says red, white and blue like green. And with the Fourth of July landing on a Saturday this year, Americans will be spending plenty of money. THE BBQ The American Farm Bureau says the average Fourth of July BBQ will cost $5.58 a person, down 3 percent. That includes a hot …

Source: CNBC

After six months of looking for a full-time job, 49-year-old Emily Cherin found plenty of part-time work through TaskRabbit, an odd-jobs job site. “Oh my God, it saved me,” said the energetic New Jersey native. “My world just sort of exploded.” Cherin is one of an increasing number of Americans who is freelancing. A 2010 …

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Tampa, Florida

Tampa area home prices are soaring, and buyers don’t seem particularly put off. This Florida market, which was particularly hard-hit during the foreclosure crisis, still has an outsize share of distressed properties, but recovery has been steady. The median price of a Tampa home sold in May jumped 12.4 percent from a year ago to …

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Sprinklers water a field of grass at a sod farm on August 8, 2014 in Lodi, California.

Suburbia was built on sod. The post-World War II housing boom in California saw row after row of tract homes pop up with lawns in front and back. This is a region of the country where you need your lawn mowed every week, where grass feels cool under your feet in August, and where it’s …

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If you are in your 50s or 60s and are still caring for your kids financially, you really need to start caring for yourself—or you may never be able to afford to retire. A recent study found more than half of parents who are supporting adult children are “extremely concerned” about saving enough for retirement. …

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Workers during olive harvest one step before oil mill in Heraklion, Greece.

Greek’s agriculture sector was already facing a challenging 2015 before the economic turmoil this week, but now there’s fear the uncertainty could disrupt the food and wine trade. “There’s a lot of speculation and even more tension,” said George Frangistas, president of Incofruit-Hellas, the trade association of Greek export enterprises for fruits, vegetables and juice. …

Sigrid Olsson | Getty Images

Remember when being an intern meant you ran around getting everyone coffee and handling their dry cleaning, without getting paid, all in the hopes of learning something? Intern have now become more like apprentices at many firms, and kids these days get compensated. Like, a lot. Glassdoor has the average wages for company internships, and …

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It’s time the “sharing” workforce came out of the shadows. From the tax code to the monthly jobs report to the whole premise of “retirement,” America’s concept of work is dangerously stuck in the 20th century. Trends that were already taking shape—work becoming untethered from the office, the mobile and cloud technological revolution, benefits being …

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Investors looking for clues on how the slightly weaker-than-expected June jobs report figures into the Federal Reserve‘s thinking on interest rates should relax, market watcher Richard Bernstein said Thursday, moments after the employment numbers were released. “It’s kind of a Goldilocks number—not too hot, not too cold,” the CEO of Richard Bernstein Advisors told CNBC’s …

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American companies kicked off the summer with modest growth in hiring, sending nonfarm payrolls up 223,000 in June, according to Labor Department numbers released Thursday. In addition to the payroll growth, the unemployment rate ticked lower to 5.3 percent from 5.5 percent, due largely to a sharp decline in labor force participation, which fell from …

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For many, staying late at work or coming in while sick is a badge of honor. It shows dedication to the cause. But could working when sick or working late – so-called presenteeism – actually do more harm than good? What then, is presenteeism? “It’s a fairly new term and (it’s)… not been precisely defined,” …

The Las Vegas of the East

In Macau, gambling revenue continues to slide and many attribute the slump to China’s crackdown on corruption.

Puerto Rico debt crisis

Puerto Rico has paid back nearly $2 billion of debt, but there’s still a lot of uncertainty about what may happen next.