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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A day after announcing a second round of quantitative easing, Fed Chairman Ben Bernanke responded to critics in a Washington Post op-ed that explains how the program will work and why it won’t spark inflation.
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The long period of large monthly losses appears to be ending, as the private sector added 43,000 jobs in October, according to ADP’s latest report. And September’s job loss was greatly revised, from an initial estimate of 39,00…
About three out of four Americans say the U.S. is still in a recession, with Republicans and women slightly more pessimistic about the economy than Democrats and men, according to a new AOL survey.
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Almost 2 million jobs have moved to immigrants from U.S.-born workers since the most recent recession officially ended 16 months ago, according to a poll released Friday.
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