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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Two consecutive months of sales gains among the nation’s retailers may provide just enough confidence to trigger increased seasonal hiring this year. Even so, pre-recession hiring levels aren’t likely.
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For married couples of opposite genders, the downturn’s inordinate impact on men has resulted in an increasing number of wives becoming the primary breadwinner. Surprisingly, many men don’t mind at all.
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The recent stream of modestly positive economic news means the Fed probably won’t take any further action to stimulate the economy at its upcoming meeting. But nobody is calling the economy healthy yet.
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A fresh batch of data show that the job market may finally have turned the corner despite last month’s uptick in the national unemployment rate to 9.6%. Among them: Fewer initial claims for unemployment and a smallest monthly l…