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U.S. economic recovery leaving Europe and Japan ‘stagnant’

A sharp fall in the unemployment rate Friday and a fresh all-time record for stocks show the US economy pulling away from its peers, gaining ground while Europe and Japan remain stagnant. The Federal Reserve’s easy-money policy and the government’s modest stimulus spending appear to be paying off, distancing the…

Unemployment rate falls to 7.7 percent

WASHINGTON, USA – The US jobs market brightened better than expected in February, with the unemployment rate falling and solid job growth, official data released on Friday, March 8, showed. The jobless rate fell to 7.7%, from 7.9% in January, and the US gained a net 236,000 jobs, the Labor…

Employers fall down on promises to hire veterans

Michael Liguori is like a lot of other college graduates looking for a job. After graduating from the private nonprofit Menlo College last year, he’s been searching for a job that’s a good fit for his major in business management. But Liguori is also a 28-year-old California veteran who served tours in Iraq.…

Remember the 99ers? Long-term unemployed workers’ invisible struggle

Pam Sexton, 46, works at one of the world’s most prestigious hospitals — the Mayo Clinic in Rochester, Minnesota. But she’s an intern, and her internship doesn’t come with health insurance. When she got laryngitis more than six weeks ago, she had to go to the Salvation Army clinic for…

Obama applauds lower unemployment rate

US President Barack Obama Friday welcomed a downtick in the unemployment rate to 8.2 percent, despite a slowdown in overall job creation, but said there was more work to do to revive the economy. “We welcome today’s news that our businesses created another 121,000 jobs last month and the unemployment…

Santorum ‘does not care’ about the unemployment rate

Republican presidential candidate Rick Santorum said in Illinois on Monday that he was not concerned about the unemployment rate because it wasn’t the government’s duty to create jobs. “We need a candidate who’s going to be a fighter for freedom,” he said during a campaign speech, “who is going to…

U.S. adds 227,000 new jobs, unemployment steady at 8.3 percent

The US jobless rate held steady at 8.3 percent in February after falling for five straight months, the Labor Department said Friday. The economy created another 227,000 new jobs, topping the the 200,000 mark for the third straight month, not enough to pull the unemployment rate lower but good enough…

Data point to frail recovery in U.S. jobs market

WASHINGTON — The economic data is mostly pointing in the right direction, but the weak economy has kept hopes in check for a big improvement in the government’s labor report Friday. Analysts expect that a slowdown in job creation took place in January after December’s surge in holiday hiring, so…

Eurozone unemployment hits record 10.4 percent

Eurozone unemployment hit a record 10.4 percent in November and December, provisional official figures showed on Tuesday. The Eurostat data agency had previously estimated anunemployment rate of 10.3 percent in November but it was revised to 10.4 percent in its latest report. The jobless rate has now remained at 10 percent or above…

Obama vows to do ‘whatever it takes’ to grow economy

US President Barack Obama promised on Saturday to do “whatever it takes” to maintain growth in the US economy as he announced a summit with business leaders dedicated to job creation at home. “This year, I’m going to keep doing whatever it takes to move this economy forward and to…

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