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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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Kohl’s to hire 40,000 holiday workers

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Kohl’s Department Stores said this week that it plans to hire 40,000 seasonal workers for the holidays. The company, which has three stores in Colorado Springs, plans to hire an average of 35 workers for each of its 1,089 U.S. stores in addition to 2,200 workers at its distribution centers and 60 workers at its credit… Continue Reading Kohl’s to hire 40,000 holiday workers

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Holiday hiring picture gets a bit merrier

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Macy’s, Toys R Us, Pier 1, American Eagle Outfitters and Borders all plan to hire more temporary holiday workers this year than last, emboldened by several months of sales gains and a slowly improving economy. The jobs probably won’t be enough to be a dent in the nation’s nearly 10 percent unemployment rate, but for… Continue Reading Holiday hiring picture gets a bit merrier

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Fifty four percent of employers reported losing high-performing workers during the first half of the year. Apparently, they’re leaving for better offers as businesses are quickening their hiring pace again,according to the survey by Right Management, a talent and career management consulting firm. About 18 percent of companies reported that workers quit, but that they… Continue Reading High-performing workers jumping ship as opportunity grows

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Lockheed Martin early buyout attracts 600

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About 600 top executives with Lockheed Martin Corp. have accepted the company’s early buyout program offer. Those qualifying must leave the company by Feb. 1. Their departure represents about 25 percent of Bethesda, Md.-based Lockheed’s total number of executive level employees. Lockheed did not break down numbers by division or location. Approximately 2,000 people work… Continue Reading Lockheed Martin early buyout attracts 600

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JD Farmer rents a modest, 900-square-foot house on the Westside. Surrounded by hundreds of books, photos of his children and a “fish tremble when they hear my name” plaque, Farmer has turned the place into a home. But how long he’ll be able to remain is uncertain. A single father, Farmer lost his job almost… Continue Reading Desperation sets in as ‘99ers’ see unemployment benefits run out

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Jobs picture dims as unemployment claims rise

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The economy is looking bleaker as new applications for jobless benefits rose last week to the highest level in almost six months. It’s a sign that hiring remains weak and employers may be going back to cutting their staffs. Analysts say the increase suggests companies won’t be adding enough workers in August to lower the… Continue Reading Jobs picture dims as unemployment claims rise

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