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Jobless Claims In U.S. Hovered Last Week Near 2012 High

The number of applications for unemployment benefits hovered last week near the highest level of the year, showing little improvement in the U.S. labor market.The post Jobless Claims In U.S. Hovered...

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OECD sees no end to jobs crisis as economy struggles

Unemployment in advanced economies will remain high until at least the end of 2013The post OECD sees no end to jobs crisis as economy struggles appeared first on The Wall Street Job Report.

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The Best Paying Jobs Of The Future

The U.S. unemployment rate peaked at 10% in October 2009 and has since slowly improved, flirting with 8% earlier this month. Despite the downward trend, the rate is still more than double prerecession...

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Federal Jobs Program Falters

Here’s some more shocking news on the jobs front: a new federal program that enables states to offer companies “financial incentives” for hiring jobless people hasn’t gained traction. The Wall Street...

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Initial Jobless Claims in U.S. Increase From Two-Month Low

The number of Americans filing first- time claims for unemployment insurance payments rose last week, highlighting an uneven improvement in the labor market.The post Initial Jobless Claims in U.S....

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Little Federal Help for the Long-Term Unemployed

In the economy-focused presidential campaign, the two candidates and their teams have scarcely mentioned what economists describe as not just one of the labor market’s most pressing problems, but the...

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Superstorm Boosts Jobless Claims, Hits Factories

Superstorm Sandy drove a surge in new claims for jobless benefits last week and hurt factory activity in the mid-Atlantic region in NovemberThe post Superstorm Boosts Jobless Claims, Hits Factories...

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Unemployment claims spiked 33% after Sandy

The number of New Yorkers seeking unemployment benefits jumped by 46,000—or approximately 33%—in the week following Superstorm Sandy when many workers were stranded at home and businesses closed.The...

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ING Eyes Additional Cuts, Extends Overhaul

Dutch bank ING (ING) does not foresee an immediate improvement to the global economic environment and said Monday that it is eyeing more cost-cutting measures as part of an extended overhaul.The post...

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Morgan Stanley to Cut Jobs, May Signal More Pain Ahead

Morgan Stanley plans to slash 1,600 jobs in what may be just the beginning of a new round of layoffs at large investment banks, this time driven by a deeper reassessment of Wall Street businesses in...

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Hey Wall Street, Get Ready for More Layoffs

Wall Streeters better dust off their resumes. Layoffs are coming. The post Hey Wall Street, Get Ready for More Layoffs appeared first on The Wall Street Job Report.

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Morgan Stanley Says 360 Job Cuts to Be in New York City Offices

Morgan Stanley (MS), which is slashing 1,600 jobs from its investment bank and support staff, said 360 cuts are coming from its New York City offices.The post Morgan Stanley Says 360 Job Cuts to Be in...

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The U.K.’s Financial Industry Will Cut 43,000 Jobs

The U.K.’s financial industry will lose 43,000 jobs in six months, according to a forecast from the Confederation of British Industry, as companies shrink and reduce costs.The post The U.K.’s Financial...

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Barclays Cuts Up to 12,000 Jobs as Quarterly Profit Falls

Barclays Plc (BARC), the U.K.’s second-biggest bank by assets, will eliminate as many as 12,000 jobs this year, including more than 800 senior bankers, after fourth-quarter profit tumbled. About 7,000...

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The Cities Stealing Jobs From Wall Street

When we think about American finance, the default image is of a pinstriped banker on Wall Street. But increasingly financial services is shifting away from the traditional bastions of money. In an...

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