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The beginning of the end of the Federal Reserve's massive bond-buying program might come sooner than many investors think if recent gains in the U.S. labor market do not prove fleeting.
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The beginning of the end of the Federal Reserve's massive bond-buying program might come sooner than many investors think if recent gains in the U.S. labor market do not prove fleeting.
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May 19- The beginning of the end of the Federal Reserve's massive bond-buying program might come sooner than many investors think if recent gains in the U.S. labor market do not prove fleeting.
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, Ron Wyden (D-Ore.) and Marco Rubio (R-Fla.) with students at a Know Before You Go roundtable.160x105.jpg?v=1368547520 "New Bill to Colleges: Prove Your Worth")
A new bipartisan bill, the Student Right to Know Before You Go Act, aims to press colleges into providing prospective students with data on the employment outcomes of graduates.
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CNBC's Tyler Mathisen looks ahead to what are likely to be next week's top business and financial stories. Can banks be too big to manage? New data on the housing recovery comes next week and Microsoft holds an Xbox event this week.
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Australia is looking to fill six dream jobs, from outback adventurer to chief funster. What sort of qualifications do you need to be the CHIEF funster? Read on.
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Credit Suisse is among the first nanks to de-leverage to meet the demands of today's stricter regulatory environment. Brady Dougan, CEO, Credit Suisse, weighs in on the transition with CNBC's Maria Bartiromo.
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WASHINGTON, May 17- Unemployment rates dropped in 43 out of the 50 U.S. states and in the District of Columbia in April from a year before, according to Labor Department data released on Friday. A handful of states, including Illinois, Delaware, Indiana, Wisconsin, Mississippi and New Hampshire saw their jobless rates rise over the year.
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MONTPELIER, Vt.-- Vermont's unemployment rate continues to decline. In the state's 17 local labor market areas, the non-seasonally adjusted rates for April ranged from 2.9 percent in the Hartford area to 7.3 percent in Newport.
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ATLANTA-- Georgia's seasonally adjusted unemployment rate dropped to 8.2 percent in April, state labor officials said Thursday. The figure is down from 8.4 percent in March, and 9.1 percent a year ago, according to the Georgia Department of Labor. Georgia's unemployment rate is now the lowest it has been since December 2008, Labor Commissioner Mark Butler said.
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May 16- New Jersey's unemployment rate dropped to 8.7 percent in April and personal income tax collections rose 29.1 percent to $2.23 billion from the same month last April, state data show.
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The Federal Reserve could begin easing up on the monetary gas pedal this summer and end its bond buys late this year, a top Fed official said Thursday, citing "good news" on jobs.
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Retiring at an average of 61, Americans plan to stay on the job until 66, according to Gallup, an uptick that predates the 2008 recession.
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NEW YORK/ LONDON, May 16- Brent crude oil futures rose on Thursday on dollar declines, but gains were capped by a stall in the U.S. equity market as a jump in U.S. jobless claims stoked investor worry about an economic recovery.
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ST. PAUL, Minn.-- Minnesota companies are in for a break in their state unemployment insurance tax rates. A budget bill approved Wednesday in the House would temporarily chop the rates to produce savings to businesses of $346 million over the next two years. The bill, which the Senate is poised to pass Thursday, also cuts an additional assessment on businesses.
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NEW YORK, May 16- U.S. Initial claims for state unemployment benefits jumped by 32,000 to a seasonally adjusted 360,000, the Labor Department said on Thursday- the biggest jump since November.
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Does this job make me look fat? A Gallup-Healthways survey takes a look at which jobs have high rates of obesity. And it's bad news for bus drivers.
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LONDON, May 16- Brent oil futures climbed above $104 on Thursday, responding to dollar declines, while a jump in U.S. jobless claims capped gains as they added to the bearish demand outlook.
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NEW YORK, May 16- U.S. Initial claims for state unemployment benefits jumped by 32,000 to a seasonally adjusted 360,000, the Labor Department said on Thursday. "There's plenty of slack in the labor market," said Tanweer Akram, senior economist with ING U.S. Investment Management in Atlanta, Georgia.
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WASHINGTON, May 16- The number of Americans filing new claims for unemployment benefits climbed last week at the fastest pace in six months, a worrisome sign for the economy which has been hit by government austerity. Initial claims for state unemployment benefits jumped by 32,000 to a seasonally adjusted 360,000, the Labor Department said on Thursday.
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WASHINGTON-- The number of Americans applying for unemployment benefits has fallen to its lowest level since before the recession. The Labor Department will release the report at 8:30 a.m. EDT Thursday. Two weeks ago, the unemployment aid applications fell to 323,000, the fewest since January 2008.