Jobs Unemployment

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    The hallmark of the American labor market, and consequently the wider economy, has long been the mobility of our work force. From "going West" to "teleworking," we go where the jobs are. Unfortunately the uniquely disastrous state of the current housing market is changing all that.

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    Bad news on the economic front is ironically pushing interest rates lower than the Fed's quantitative easing program managed to.

  • A concerned trader on the floor of the New York Stock Exchange.

    Wall Street is having a hard time figuring out what to do now that the US economy appears to be sputtering and yields are so low, Peter Yastrow, market strategist for Yastrow Origer, told CNBC.

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    The eurozone, as designed, has failed. It was based on a set of principles that have proved unworkable at the first contact with a financial and fiscal crisis, according to the FT.

  • The International Monetary Fund (IMF) headquarters building is seen in Washington, DC.

    It seems certain the IMF will not pay its share of an aid tranche to Greece at end-June but the global lender is seen taking part in a new programme, a German newspaper reported on Wednesday without quoting any sources.

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    The UK economy is set to experience the slowest pick-up in consumer spending of any post-recession period since 1830, according to a Financial Times analysis of official forecasts.

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    Voters need to send "a whole new team to town to change the perception that Washington is hostile to business and job creation, potential Republican presidential candidate Rick Santorum told CNBC.

  • A man walks outside the Bank of Greece headquarters during a demonstation against government's austerity measures in central Athens.

    Following months of talks, Germany now appears ready to drop demands it has made in order to allow Greece to restructure its debt and prevent the government in Athens from running out of cash over the summer.

  • Construction worker in New York City.

    British homebuilders and mortgage lenders are considering making it easier for first-time buyers to get the 95 percent mortgages which many believe contributed to the credit crisis, in a move that risks sparking a wave of criticism.

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    Saudi Arabia's labor market is in sharp focus today following a report of a new policy that could serve as an expat time-bar in the kingdom.

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    Andalusia has the highest unemployment rate among Spain’s 17 regions, 29.7 percent at the end of the first quarter, according to the National Institute of Statistics. That compares with a national jobless rate of 21 percent, double the European Union average.

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    The money manager Martin D. Sass loves a good bargain. He snapped up his 1995 Donzi motorboat after it had been repossessed from its previous owner. He made a take-it-or-leave-it offer for a home on Long Island that had been on the market for years, only to later discover he had bought Vincent Astor’s summer home, the New York Times reports.

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    The economy has struck a soft patch that is likely temporary, and the second half of the year should be better, some economists say.

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    If the stock market is going to struggle next month, the jobs report to be released Friday of next week could be as good a trigger as any.

  • Republican presidential contender Tim Pawlenty said he can unite the party and defeat President Obama in 2012.

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    There are few things more American than bubble gum and baseball cards. This is something Topps, the nation’s leading manufacturer of Bazooka gum and sports cards, has known for more than 60 years. And that's the way things are staying.

  • Demonstrators block a police car on the parking lot of the Madrid transport bus company during the general strike held in whole Spain in Madrid as unions launched a 24-hour general strike all around Spain to protest tough government labor reforms and austerity measures.

    The first thing Silvia Huelves was told when she started studying architecture was that she should take up Chinese or Japanese -- she was never going to build anything in Spain any time soon.

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    New data on the consumer and housing greet what promise to be thinly traded markets Friday, ahead of the long Memorial Day weekend.

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    "We can put our finger on the problems, and they're temporary, I think," says one economist. "Oil prices were a blow. You can see that in the consumer spending numbers in Q1, and prices are coming back down."

  • Jobless Claims & GDP Revision Up

    CNBC's Rick Santelli & Steve Liesman breakdown the initial jobless claims data, up 10,000 and the GDP revision, up 1.8 percent.