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U.S. Economy: Jobless Rolls Reach 25-Year High,Exports Slump

posted by twilight 6 days ago in USD, Fundamental, Employment made popular 6 days ago

The global economic slowdown is deepening, according to reports today that showed the number of Americans collecting jobless benefits jumped to a 25-year high and U.S. exports plunged.  read more

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Job growth welcome but unsustainable, analysts warn

posted by blitz 12 days ago in CAD, Fundamental, Employment made popular 12 days ago

Last month's unexpected further job growth in Canada, while in contrast to stunningly massive job losses in the U.S., is the last Canadians will see for the next year, analysts warned Friday.  read more

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Jobless rate climbs to 6.5%

posted by keiragabe 12 days ago in USD, Fundamental, Employment made popular 11 days ago

The U.S. unemployment rate rose to the highest level since 1994 as companies slashed payrolls, setting the stage for the steepest economic decline in decades and a tough start for Barack Obama's presidency.  read more

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Jobs fear for HBOS as Lloyds fights to cut costs

posted by grink 16 days ago in GBP, Fundamental, Employment made popular 16 days ago

TENS of thousands of jobs are under threat at Halifax Bank of Scotland following a decision by Lloyds TSB to cut costs by an extra £500m a year as the banking sector struggles to cope with soaring debts and a looming recession.  read more

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Canada adds 9,500 jobs, U.S. loses 240,000

posted by kulas 12 days ago in USD, CAD, Employment made popular 12 days ago

The Canadian jobless rate held up remarkably well compared to the United States in October, as one country managed to add jobs while the other suffered yet another steep decline, new data showed on Friday.  read more

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Pound hurt by comments, jobless claims

posted by eriathwen 6 days ago in GBP, Inflation, Employment made popular 6 days ago

The pound weakened versus the euro and the US dollar on comments from Bank of England governor Mervyn King, who said that the UK economy will likely continue to contract next year, opening the way for more interest rate cuts.  read more

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Swiss economy could fall into recession

posted by princesa 11 days ago in CHF, Fundamental, Employment made popular 11 days ago

The Swiss economy could enter a recession but the government is still confident jobless rates will not rocket, the country's economy
minister said in an interview published on Sunday.  read more

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French Non-Farm Payrolls Fall 0.1% in Q3

posted by chloegurl 5 days ago in EUR, Fundamental, Employment made popular 5 days ago

Total employment in France contracted 0.1% in the third quarter of 2008, according to preliminary estimates from the National Institute for Statistics and Economic Studies (INSEE) issued on Friday. Economists had forecast a 0.2% decline, which wo  read more