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Drop in US jobless claims boosts hopes of economic reboundThe number of Americans filing for unemployment aid fell from a 14-month high last week, the latest sign that the economy was regaining speed after stumbling in the first quarter. Another report on Thursday showed factory activity More… |
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Jobless claims data sparks new US fearsNew claims for state jobless benefits unexpectedly rose last week, while manufacturing activity and employment slowed last month, heightening fears the US economic recovery is stalling. The data yesterday added to concerns over the risk of More… |
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US jobless claims hit 17-month lowThe number of US workers filing new applications for jobless benefits fell last week to the lowest level in about 17 months, suggesting the economy might be on the cusp of job creation. Initial claims for state unemployment benefits fell b More… |
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US jobless rate hits 25-year highThe US unemployment rate soared to 8.5 per cent last month, a 25-year high, as employers slashed jobs and cut workers' hours to the lowest level on record, the government said on Friday. In a report underscoring the economy's distr More… |
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US jobless rate hits 14-year high as losses mountUS employers slashed an unexpectedly steep 240,000 jobs from payrolls last month and the jobless rate shot up to a 14-1/2-year high, the government said on Friday in a report underscoring the economy's steep slide. The Labor Department More… |
