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ThinkstockEven though today’s report on new claims for unemployment benefits showed that fewer new claims were made last week, Gallup’s unadjusted unemployment rate for November rose to 7.8% from...
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Ed Brown, via Wikimedia CommonsThe U.S. Labor Department is out with its report on weekly jobless claims. There was a big drop of 25,000 claims, down to 370,000. Bloomberg had a consensus estimate of...
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Citigroup Inc. (NYSE: C) may be announcing a restructuring effort today, but the move may not seem too extreme compared to past restructurings. What feels different here is that the bank is pointing...
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Today’s report on nonfarm productivity and unit labor costs was a revision report but it was lifted higher. Third-quarter productivity was revised to 2.9% and unit labor costs to -1.9%. Dow Jones...
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The national employment report from ADP each month is ostensibly a front-running number to the nonfarm payrolls data that is issued along with the unemployment report by the Labor Department each...
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While the U.S. unemployment rate has improved markedly from the double digits during the recession, it was still stuck at 7.9% as of October. Some regions fare far better than rest of the country,...
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Spain’s number of unemployed reached a the staggering level of 4,907,817 last month, according to the government’s labor arm. That almost certainly means that the 25% unemployment figure the...
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The New York Times Co. (NYSE: NYT) continues to shrink, and eventually it may have a news staff that simply is not large enough to cover all of the subjects that the paper does now. That will leave...
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November unemployment rates will be released on Friday. Some of the figures will be distorted by factors such as Hurricane Sandy, holiday retail job additions and layoffs at troubled companies from...
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Eurostat reports that unemployment in the euro area has risen again: The euro area (EA17) seasonally-adjusted unemployment rate was 11.7% in October 2012, up from 11.6% in September. The EU271...
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The U.S. Labor Department is out with its weekly jobless claims. This should be the last report that we would expect any real impact from Hurricane Sandy, as things are getting back to normal. The...
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Unemployment benefits have cost the federal and state governments $520 billion over the past five years, another indication that the cost to create jobs may be less than to sustain incomes for those...
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The strike by Wal-Mart Stores Inc. (NYSE: WMT) workers that occurred off and on over the Thanksgiving/Black Friday weekend did not put a dent in the sales of the world’s largest retailer, according...
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During the Great Recession, the U.S. unemployment rate reached double digits, triggering government aid programs to help those seriously affected. The labor market has much improved, and the...
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ThinkstockA stalled French economy continues to bleed jobs as another 45,100 job seekers joined the nearly 3.1 million French citizens already looking for work in October. The total number of...
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