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Hiring outlook brightens as layoffs decline

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The number of people applying for unemployment benefits over the past month has reached its lowest point since July 2008, raising hopes that hiring is about to accelerate. The drop in applications is the latest sign that the economy is improving, and economists expect Friday’s employment report for December to show a solid gain in… Continue Reading Hiring outlook brightens as layoffs decline

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Shoppers’ holiday-season splurge was likely a preview of what’s to come in 2011, and economists say it should embolden companies to expand and hire. Americans spent more in the 50 days before Christmas than analysts had expected – the sharpest annual increase since 2006. It’s the surest sign yet they’re becoming less frugal as the… Continue Reading Shoppers will keep pace in 2011, economists say

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Where are the jobs? For many companies, overseas

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Corporate profits are up. Stock prices are up. So why isn’t anyone hiring? Actually, many American companies are – just maybe not in your town. They’re hiring overseas, where sales are surging and the pipeline of orders is fat. More than half of the 15,000 people that Caterpillar Inc. has hired this year were outside… Continue Reading Where are the jobs? For many companies, overseas

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CFO survey: Weak job market to continue in region

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More than 8 in 10 Chief Financial Officers believe the U.S. economy will not recover until the second half of 2011, if not later, according to a survey of more than 500 CFO’s conducted by Grant Thornton International. Just 24 percent of those surveyed said they plan to hire over the next six months, with… Continue Reading CFO survey: Weak job market to continue in region

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Jobless claims fall sharply to 4-month low

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Fewer people applied for unemployment aid last week, the third drop in four weeks and evidence that the job market is showing signs of life. If the decline continues, it could signal more hiring in the near future. The report comes after the Labor Department said last week that private employers added the most jobs… Continue Reading Jobless claims fall sharply to 4-month low

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Hiring spurt in October eases jobs crisis a bit

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The jobs crisis eased a bit in October as companies stepped up hiring, suggesting further gains ahead. Hiring remains far too weak to drive down unemployment, now stuck at 9.6 percent. And the newly elected Congress will come under pressure to take steps to accelerate job growth. Still, the burst of hiring – 159,000 net… Continue Reading Hiring spurt in October eases jobs crisis a bit

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Unemployment claims drop sharply to 434K

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Fewer people applied for unemployment benefits last week, the second drop in a row and a hopeful sign the job market could be improving. The Labor Department says initial claims for jobless benefits dropped by 21,000 to a seasonally adjusted 434,000 in the week that ended Oct. 23. It was the second-lowest number for claims… Continue Reading Unemployment claims drop sharply to 434K

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3 win economics Nobel for job market analysis

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Two Americans and a British-Cypriot economist won the 2010 Nobel economics prize Monday for developing a theory that helps explain why many people can remain unemployed despite a large number of job vacancies. Federal Reserve board nominee Peter Diamond was honored along with Dale Mortensen and Christopher Pissarides with the 10 million Swedish kronor ($1.5… Continue Reading 3 win economics Nobel for job market analysis

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Staffing employment at historic high

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Job hunters might want to sign up with a local staffing company if they want to increase the chances they’ll get hired. September showed the highest year-over-year staffing employment growth since the U.S. Bureau of Labor Statistics began tracking staffing in 1991, according to Friday’s American Staffing Association report. Placements through staffing companies rose 0.8… Continue Reading Staffing employment at historic high

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Stocks dip after positive job news

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Stocks dipped Thursday as traders balanced slightly better news on weekly unemployment claims against uncertainty about an upcoming monthly jobs report. The Dow Jones industrial average came within two points of 11,000 before turning lower. The Labor Department said first-time claims for unemployment insurance fell last week, a better result than analysts were expecting. Retailers… Continue Reading Stocks dip after positive job news

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