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U.S. jobless claims fall for third straight week

WASHINGTON — New claims for unemployment benefits fell for the third week running to their lowest level since April, suggesting improved health in the troubled US job market, official data showed Thursday. Initial US jobless claims fell to 388,000 in the week ending November 12, the Labor Department said. The…

Small business hiring slows in August, wages dip

WASHINGTON (Reuters) – Hiring by small businesses slowed in August and employers reduced hours, an independent survey showed on Sunday, suggesting the recent stock market turmoil may have dampened job creation. Intuit, a payrolls processing company, said small businesses added 35,000 jobs after increasing employment by 40,000 in July. The…

Asian stocks slide after U.S. debt downgrade

Asian stocks tumbled on Monday after last week’s historic downgrade of the United States’ credit rating, which compounded concerns over the world’s biggest economy as well as the global outlook. The falls were echoed by big losses in oil while gold surged to a new record above $1,700 as investors…

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