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While many businesses contend that a “skills gap” is a major reason that they’re not filling jobs, a new survey says the companies themselves may be a big reason they can’t hire anyone. “We’re seeing more people take jobs with firms that have a shorter interview process,” said Scott Bass, director of marketing for MRINetwork, a global recruiting firm, …

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As the national debate continues over whether to raise the federal minimum wage of $7.25 hour, there are more than a million workers making ends meet on the tipped minimum wage, which starts as low as $2.13 an hour. The law requires employers to make up the difference if bad tippers keep a worker from …

Mary Thompson | CNBC
Daria Kotowski working at Quincy College Labs.

Twenty-seven-year-old Daria Kotowski can barely contain her excitement. “The gel systems are here,” she exclaims, pulling packages containing an orange-looking goo from a cabinet in Quincy College’s biotechnology and compliance lab. The gel systems will be used by students to test the cells they are growing at the Quincy, Massachusetts-based school’s lab, a 1,600-square-foot facility …

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Traders work the floor of the New York Stock Exchange.

Stronger-than-expected job growth of 288,000 in June sparked talk that the Fed could move sooner to raise interest rates, but central bank watchers say the underlying job market is still too weak to change the Fed’s course. Stocks moved higher, with the Dow crossing 17,000 for the first time ever at the opening bell. Bond yields backed …

Jobs optimism

More Americans are back on the job: at the office, at school, at the mall and at construction sites across the country and that’s raising expectations for a strong June jobs report from the Labor Department tomorrow.

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It’s been five years since the recession, and job creation is gaining traction.But one pocket of America is doing especially well in this recovery—the Twin Cities of Minneapolis and St. Paul in Minnesota. The Twin Cities jobless rate of 4 percent for May is the lowest unemployment rate of any large metropolitan U.S. area, according to U.S. Department …


Did employers go on a hiring spree in June? Why economists are optimistic about tomorrow’s employment report.

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One of my colleagues was seething about her recent experience with a large home-improvement retailer. “We’re in the middle of remodeling our kitchen,” she fumed, “but the whole project is stalled because nobody can get into one guy’s computer!” Apparently, her project manager was the only person familiar with the job — and he was …

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Job seekers fill out applications before the start of the HireLive career fair on June 4, 2014 in San Francisco.

Private sector job creation surged in June, with companies adding a much larger than expected 281,000 new positions, according to a report Wednesday from ADP. Economists surveyed by Reuters expected the National Employment Report to show 200,000 new jobs as the U.S. economy seeks to regain traction following a brutal winter. That’s up from an …

High labor demand has driven wages sky high in Williston, N.D. where Hardee's franchisee Jon Munger says his crew members can earn more than double the minimum wage.
Source: Holly Widder
High labor demand has driven wages sky high in Williston, N.D. where Hardee's franchisee Jon Munger says his crew members can earn more than double the minimum wage.

Want to pay minimum wage? Might as well hang up an “Out of Business” sign in this energy-rich pocket of the U.S. In the heart of North Dakota’s Bakken Formation lies a free-market poster child—a spot where fast-food workers earn multiples of the $7.25 federal minimum hourly wage. “Our starting wage out there is $11, …

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Talk of the gender pay gap first surfaced decades ago, back in the era when Ms. magazine was making its debut. So perhaps it’s not surprising that millennial women think it’s a historical relic. But they are wrong. Women who recently graduated from college earn just 82 percent what their male peers pull down, according to a …

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A job seeker uses a computer to search for jobs at the Western Addition Neighborhood Access Point on April 17, 2014 in San Francisco, California.

The U.S. labor market has undoubtedly improved in the last five years—even if it remains tight. So what are the unemployed doing, and not doing, in order to find work? The U.S. unemployment rate currently stands at 6.3 percent, after reaching 10 percent in October of 2009—a record high over the last 10 years. Meanwhile, the …

IMF joins minimum wage debate

The International Monetary Fund released its annual review of the U.S. economy and called on the U.S. to raise its minimum wage rate.

High-wage hiring

Some encouraging news about the U.S. jobs market. A new report says many of the jobs created since the recovery are for high wage workers, not for low wage workers as previously thought.

Mary Thompson | CNBC
A crane at SCE&G's V.C. Summer Nuclear Station, Jenkinsville, SC

At SCE&G’s V.C. Summer Nuclear Station, a massive blue crane splits the South Carolina summer sky, a telltale sign of the $10 billion project underway. The SCANA Corp. unit is in the midst of building two new nuclear reactors in Jenkinsville, S.C. They are the first reactors to be built in the U.S. in 30 years, on …