President Obama’s National Commission on Fiscal Responsibility and Reform couldn’t get enough of its members to approve its own recommendations or to find the 14 votes needed to send its proposal to Congress. But don’t count ou…
With the fears of a European sovereign debt crisis growing worse, the Spanish government said Wednesday that it’s taking several measures to stop the fiscal contagion from reaching its shores, including selling a 30% stake in i…
With the fears of a European sovereign debt crisis growing worse, the Spanish government said Wednesday that it’s taking several measures to stop the fiscal contagion from reaching its shores, including selling a 30% stake in i…
Initial jobless claims dropped by 34,000 to 407,000, much lower than expected. The numbers suggest that the labor market is slowly improving, and nearing the point of reversing the negative trend driven by the deep recession.
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Initial jobless claims fell to the lowest level since July 2008 last week, dropping 34,000 to 407,000 in the week ending Nov. 20, the Department of Labor said Wednesday.
The figures were sharply lower than economists’ forecast of 435,000.
Employers…