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Mon, 25/07/2011 - 13:57 by Jamie Anderson
The United States continues to witness high unemployment rate, as joblessness increased in as many as 28 states in the month of June.
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Sun, 10/07/2011 - 15:17 by Jamie Anderson
Hiring in the United States slowed down considerably last month raising apprehensions that the lukewarm recovery witnessed so far has stalled out.
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Thu, 17/02/2011 - 12:09 by Anter Prakash Singh
A recent probe initiated by the Equal Employment Opportunities Commission (EEOC) is trying to find out if the unemployed are discriminated against by employers while giving jobs. The advocates for the workers told the commission that there is a bias against the unemployed.
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Fri, 22/10/2010 - 09:19 by Prince damin
New York -- U.S. markets rose Thursday as a Labor Department report said first-time unemployment benefit claims fell by 23,000 in the week ending Oct. 16.
The Conference Board said leading U.S. economic indicators for September rose 0.3 percent, beating expectations slightly. In an overview of the U.S. economy, the U.S. Federal Reserve said Wednesday "national economic activity continued to rise, albeit at a modest pace" in September.
By close of trading, the Dow Jones industrial average added 38.60 points, 0.35 percent, to 11,146.57. The Standard & Poor's 500 rose 0.18 percent, 2.09 points to 1,180.26. The Nasdaq composite index of tech-dominated stock gained 0.09 percent, 2.28, to 2,459.67.
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Thu, 21/10/2010 - 21:52 by Prince damin
New York -- U.S. markets rose Thursday morning as a Labor Department report said first-time unemployment benefit claims fell by 23,000 in the week ending Oct. 16.
The Conference Board said leading U.S. economic indicators for September rose 0.3 percent, beating expectations slightly. In an overview of the U.S. economy, the U.S. Federal Reserve said Wednesday that the "national economic activity continued to rise, albeit at a modest pace" in September.
In midmorning trading, the Dow Jones industrial average added 91.88 points, 0.83 percent, to 11,199.85. The Standard & Poor's 500 rose 0.84 percent, 9.84, to 1,188.01. the Nasdaq composite index of tech-dominated stock gained 0.91 percent, 22.41, to 2,479.80.
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Fri, 15/10/2010 - 06:00 by Prince damin
New York -- U.S. markets slid Thursday after the Labor Department said first-time unemployment claims rose in the week ending Oct. 9.
Initial claims for benefits rose by 13,000 after falling for six of the past seven weeks. The four-week rolling average for claims came to 459,000, up 2,250 from a week ago.
In a separate report, the Bureau of Economic Analysis said the U.S. trade deficit rose to $46.3 billion in August over a revised $42.6 billion in July. The trade deficit with China grew sharply from $25.9 billion to $28 billion.
After four consecutive days in the black, the Dow Jones industrial average closed with a drop of 1.51 points, or 0.01 percent, to 11,094.57.
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Fri, 08/10/2010 - 11:05 by Prince damin
New York -- U.S. markets closed mixed Thursday after the Labor Department said first-time unemployment claims dropped marginally in the week ending Oct. 2.
The Labor Department said 11,000 fewer initial claims were filed, putting the week's total at 445,000.
In Europe, both the European Central Bank and the Bank of England said they would leave bank-to-bank lending rates intact, at 1 percent and 0.5 percent, respectively.
On Wall Street, the Dow Jones industrial average lost 19.07 points, or 0.17 percent, to 10,948.58. The Standard & Poor's 500 index lost 1.91, or 0.16 percent, to 1,158.06. The Nasdaq composite index added 3.01, or 0.13 percent, to 2,383.67.
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Fri, 08/10/2010 - 00:57 by Prince damin
New York -- U.S. markets slid Thursday after the Labor Department said first-time unemployment claims dropped marginally in the week ending Oct. 2.
The Labor Department said 11,000 fewer initial claims were filed, putting the week's total at 445,000.
In Europe, both the European Central Bank and the Bank of England said they would leave bank-to-bank lending rates intact, at 1 percent and 0.5 percent, respectively.
On Wall Street, the Dow Jones industrial average lost 47.53 points or 0.43 percent to 10,920.12. The Standard & Poor's 500 index lost 5.40 or 0.47 percent to 1,154.57. The Nasdaq composite index shed 4.01 or 0.17 percent to 2,376.65.
The benchmark 10-year Treasury note rose 1/32 to yield 2.39 percent.
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Sat, 18/09/2010 - 00:17 by Prince damin
New York -- U.S. stock markets were flat Friday after the Department of Labor said consumer prices rose marginally in August.
Prices rose 0.3 percent from July to August, and they were up 1.1 percent on an annual basis.
In early afternoon trading on Wall Street, the Dow Jones industrial average gained 3.22 points, 0.03 percent, to 10,598.05. The Standard & Poor's 500 index added 0.29 points, 0.03 percent, to 1,124.95. The Nasdaq composite index added 0.41 percent, 9.40, to 2,312.65.
The benchmark 10-year treasury note rose 6/32, to yield 2.743 percent.
The euro fell to $1.3044 from Thursday's $1.3079. Against the yen, the dollar fell to 85.81 yen from Thursday's 85.84 yen.
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Fri, 17/09/2010 - 05:47 by Prince damin
New York -- U.S. markets closed mixed Thursday after the Labor Department reported 3,000 fewer first-time jobless claims were filed in the week ending Sept. 11.
It was a marginal drop in a total figure of 450,000 claims filed, but it was the second consecutive week claims fell. In the previous week, first-time claims fell by 27,000.
After spending most of the day in negative territory, the Dow Jones industrial average closed higher, gaining 22.10 points, 0.21 percent, to 10,594.83. The Standard & Poor's 500 index lost 0.04 percent, 0.41, to 1,124.66. The Nasdaq composite index added 0.08 percent, 1.93 points, to 2,303.25.
On the New York Stock Exchange, 1,259 stocks advanced and 1,718 declined on a volume of 4.1 billion shares traded.
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Tue, 07/09/2010 - 22:06 by Prince damin
Washington -- Summer employment for youth in 2010 was worst in more than 60 years, the U.S. Labor Department said.
With the overall unemployment rate edging up to 9.6 percent in August, from 9.5 percent, the unemployment rate for those under 25 hit 18.3 percent, in June, July and August, USA Today reported Tuesday.
For August, 47.6 percent of the 16-24 age bracket were working, a record low for the figure the Labor Department has monitored since 1948, the newspaper said.
Government jobs for youths suffered from budget cuts, while one of the mainstays of employment for younger workers, restaurants, have been slow to hire in a sluggish economy.
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Fri, 03/09/2010 - 12:07 by Rakhi
Washington -- The U.S. Bureau of Labor Statistics said non-farm output rose slower than previously announced, as did the number of hours worked in the second quarter.
Factory output was pegged at 2.6 percent growth and a 3.6 percent growth was listed for hours worked, a report said Thursday.
The Labor Department put output at 1.6 percent growth with the increase in hours worked at 3.5 percent.
The jump in hours worked is still the the largest quarterly gain since the first quarter of 2006, when hours rose 4.1 percent.
With hours rising faster than output, productivity or output per hour fell 1.8 percent, rather than 0.9 percent, as previously announced.
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