Applications for unemployment aid plunge to 42-year low

The number of Americans filing initial applications for unemployment benefits fell to a 42-year low last week in the latest sign the labor market is poised for further gains. First-time

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Jobless claims rise to highest level since February

The number of people seeking unemployment benefits rose last week to the highest level since late February. But the increase likely reflected temporary auto plant shutdowns rather than any underlying

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Robust jobs report could instill confidence

Due to the Fourth of July market shutdown Friday, the monthly employment report dubbed “Jobs Friday” will be renamed “Jobs Thursday.” But the latest update on the health of the

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Higher minimum wages chomp into restaurants

Labor’s victories in hiking minimum wages stand to “eat into” restaurant profitability, warns Moody’s Investors Service Thursday, confirming the fears of investors. Profit margins of U.S. restaurants could be hit

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Job openings hit 14-year high in April

The number of job openings in the U.S. surged to a 14-year high in April in a sign that job growth could strengthen further in coming months, the Labor Department

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More Americans expect higher incomes this year

Americans are significantly more optimistic about their income prospects while their perceptions of their financial well-being have improved modestly, according to Federal Reserve survey results out Wednesday. Twenty-nine percent of

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Monthly average of jobless claims hit 15-year low

The number of people seeking U.S. unemployment benefits ticked lower last week, pushing down the four-week average of applications to its lowest level since April 2000. Weekly applications fell 1,000

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A great jobs report for investors

The jobs report met expectations for once, and that’s good news for stock and bond investors. The U.S. economy added 223,000 jobs in April, according to the Bureau of Labor

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April job gains rebound to 223,000; unemployment dips

Milder weather helped the labor market shake off a winter chill in April as employers added 223,000 jobs. The unemployment rate fell from 5.5% to 5.4%, lowest since May 2008.

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Despite jobs report, warning signs abound

Economists got it right last month: 223,000 jobs were added to the economy in April, in line with the 228,000 expected, while the unemployment rate fell to 5.4%. Wages even

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