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Private sector posts biggest job growth in nearly a year

NEW YORK (Reuters) – Private sector job growth accelerated in November as employers created the most jobs in nearly a year, prompting some economists to raise their forecasts for Friday’s more comprehensive government labor report. The beleaguered housing market also showed some unexpected cheer as pending home sales surged in…

Jobless claims rise 25,000 last week

WASHINGTON (Reuters) – New U.S. claims for unemployment benefits rose more than expected last week, according to a government report on Thursday that still pointed at gradual labor market recovery. Initial claims for state unemployment benefits increased 25,000 to a seasonally adjusted 410,000, the Labor Department said, partially reversing the…