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People wait in line to meet with recruiters during a job fair in Philadelphia. The Labor Department reports on the number of people who applied for unemployment benefits last week on Thursday, Aug. 21, 2014. (AP Photo/Matt Rourke)
People wait in line to meet with recruiters during a job fair in Philadelphia. The Labor Department reports on the number of people who applied for unemployment benefits last week on Thursday, Aug. 21, 2014. (AP Photo/Matt Rourke)
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Yellen: Job market makes Fed hesitant on rate hike

Federal Reserve Chair Janet Yellen said Friday that the Great Recession complicated the Fed's ability to assess the U.S. job market and made it harder to determine when to adjust interest rates.

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Category: Money & Business Tags: ,
People wait in line to meet with recruiters during a job fair in Philadelphia. The Labor Department reports on the number of people who applied for unemployment benefits last week on Thursday, Aug. 21, 2014. (AP Photo/Matt Rourke)
People wait in line to meet with recruiters during a job fair in Philadelphia. The Labor Department reports on the number of people who applied for unemployment benefits last week on Thursday, Aug. 21, 2014. (AP Photo/Matt Rourke)
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Applications for US unemployment aid fall to 298K

WASHINGTON (AP) -- Fewer people applied for U.S. unemployment benefits last week, another sign the job market is improving.

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Members of the congregation react to a preacher's sermon during a prayer service Wednesday Aug. 20, 2014 in Atlantic City N.J. for the nearly 8,000 casino workers who will lose their jobs in the next few weeks. Revel, the Showboat and Trump Plaza are all shutting down by mid-September. (AP Photo/Wayne Parry)
Members of the congregation react to a preacher's sermon during a prayer service Wednesday Aug. 20, 2014 in Atlantic City N.J. for the nearly 8,000 casino workers who will lose their jobs in the next few weeks. Revel, the Showboat and Trump Plaza are all shutting down by mid-September. (AP Photo/Wayne Parry)
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Casino workers turn to prayer to save their jobs

ATLANTIC CITY, N.J. (AP) -- They've turned to politicians, bureaucrats, businessmen and union reps to try to save their jobs at three Atlantic City casinos scheduled to close soon. Now, hundreds of soon-to-be unemployed dealers, cocktail servers and hotel workers are turning to what many say could be their last, best chance.

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Fed Chair Janet Yellen
Federal Reserve Board Chairwoman Janet Yellen (Win McNamee, Getty Images)
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Yellen to give her outlook as Fed honeymoon fades

Janet Yellen has won credit for guiding the Federal Reserve's first six months of transition from the Ben Bernanke era. Bernanke's Fed had steered the economy through a deep crisis by slashing interest rates and restoring confidence in banks. Yellen has so far carried on his approach with barely a hiccup.

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Category: Money & Business Tags:
Homeless
Kim Reinick, ThinkStock
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Homelessness could spike amid casino closures

With three casinos expected to close their doors for good over the next few weeks, the homeless population in Atlantic City could see a dramatic increase. In anticipation, the Atlantic City Rescue Mission is getting ready for what could be an onslaught of new clients.

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Governor Christie in studio for Ask the Governor on February 3 (Mel Evans, Pool/Associated Press)
Governor Christie in studio for Ask the Governor on February 3 (Mel Evans, Pool/Associated Press)
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Should prospective employers turn down job applicants simply for being unemployed?

We’re the state with the highest rate of unemployment in the region – but it comes as a surprise that the Governor has vetoed a bill that would prohibit prospective employers from turning down job applicants simply because they’re unemployed

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Brian Farmer appears in court for his first appearance on charges he killed his cousin and her 10-year-old foster daughter, Thursday, Aug. 14, 2014, in Freehold, N.J. (AP Photo/Asbury Park Press, Tom Spader, Pool)
Brian Farmer appears in court for his first appearance on charges he killed his cousin and her 10-year-old foster daughter, Thursday, Aug. 14, 2014, in Freehold, N.J. (AP Photo/Asbury Park Press, Tom Spader, Pool)
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Long Branch sex slave case, Six Flags T-shirt dispute and more: First News with Podcast

New Jersey's First News, hosted by Eric Scott, written and produced by Matthew White and Patrick Lavery. Full podcast available below. Digital support, with additional links, by Dan Alexander.

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