Pending home sales in the U.S. unexpectedly fell 1.8% in September, the National Association of Realtors reported Friday. It was the statistic’s first decline in three months, and one that suggests that the housing sector’s rec…
The hard-hit U.S. job market may be starting to rebound. For the first time in five months, in October the economy added jobs, posting an overall increase of 151,000 — and 159,000 in the private sector. The official unemployme…
Companies that develop medicines have been bleeding jobs in the last few months, with three — Biogen Idec, Charles River Laboratories and NicOx — announcing about 1,000 new workforce cuts this week. When will the bleeding sto…
Voters angry about stubbornly high unemployment played a major role in this week’s elections. Regardless of the rhetoric, though, American politicians and corporate leaders need to make major changes to bring the employment cri…
In another setback on employment, initial jobless claims jumped a larger than anticipated 20,000 to 457,000, the Labor Department announced Thursday. Economists had predicted initial jobless claims would total 443,000.
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