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BREAKING: U.S. economy added no jobs in August
NEW YORK (CNNMoney) - Hiring slammed to a complete halt in August as several fresh challenges put the American economy in turmoil. Employers added no jobs during the month and the unemployment rate...
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Bernanke to Congress: Don't sacrifice recovery
New York (CNNMoney) - Sounding a bit like a broken record, Ben Bernanke once again urged lawmakers to not put the recovery at risk as they focus on slashing government spending over the long haul....
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Fed to keep rates low until 2014
New York (CNNMoney) – The economy is improving, the Federal Reserve said Wednesday, but not enough to warrant higher interest rates for at least two-and-a-half more years. The central bank indicated...
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January jobs report: Hiring ramps up, unemployment falls
New York (CNNMoney) - American employers substantially stepped up their hiring in January, bringing the unemployment rate down for the fifth month in a row. Employers added 243,000 jobs in January, the...
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White House predicts 2 million more jobs in 2012
New York (CNNMoney) - The United States economy is on the road to recovery, the White House said Friday, with stronger job growth expected this year. But income inequality, Europe's debt crisis, and...
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February jobs report: Unemployment holds amid solid hiring
New York (CNNMoney) - Hiring remained strong in February, but the overall job market is not out of the woods yet. Employers added 227,000 jobs in February, the Labor Department reported Friday, a pinch...
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Professor Bernanke rails against gold standard
(CNN) – Federal Reserve Chairman Ben Bernanke headed back to the classroom Tuesday, and defended the Fed against its most outspoken critic, Ron Paul. In a lecture otherwise about Fed history and the...
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March jobs report: Hiring slows, unemployment falls
New York (CNNMoney) – Hiring slowed dramatically in March, clouding optimism about the strength of the recovery. Employers added 120,000 jobs in the month, the Labor Department reported Friday, marking...
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New hope for jobs
New York (CNNMoney) - All eyes are on jobs this week, as economists brace for Friday's June jobs report from the government. Economists surveyed by CNNMoney expect the monthly report to show the...
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June jobs report: Hiring weak, unemployment unchanged
New York (CNNMoney) - Hiring was lukewarm last month, with employers adding jobs but not enough to bring the unemployment rate down. The economy added 80,000 jobs in June, the Labor Department reported...
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July jobs report: Hiring picks up, unemployment rises
New York (CNNMoney) – Businesses stepped up their hiring in July, but the unemployment rate ticked higher. Employers added 163,000 jobs in the month, the Labor Department reported Friday, way up from...
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Outlook gloomy for August jobs report
New York (CNNMoney) - The stakes are high and the forecast is gloomy, ahead of the August jobs report scheduled to be released Friday by the Labor Department. A month ago, that report showed businesses...
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Fed announces election year stimulus
(CNNMoney) - The Federal Reserve announced plans to unleash more stimulus Thursday, in its third attempt at a controversial program to rev up the U.S. economy. The policy, known as quantitative easing...
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Why the rich vote more
New York (CNNMoney) - It's well established that the richer you are, the more likely you are to vote. But why aren't the less well-off turning out at the polls?
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GDP report: Economic growth revised lower
New York (CNNMoney) - The U.S. economy grew even slower than initially reported in the second quarter, as both consumers and businesses spent less than originally thought, and the drought in the...
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Obama may be a job creator after all
NEW YORK (CNNMoney) - Republicans may soon lose a key talking point. According to data released Thursday, President Obama may now be a net job creator. In the year following Obama's inauguration, the...
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Economy creates 114,000 jobs in September, unemployment falls below 8%
NEW YORK (CNNMoney) - The unemployment rate tumbled in September as more people returned to the labor force and steady hiring continued. Employers added 114,000 jobs during the month, down from a...
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White House defends the drop in unemployment
(CNNMoney) - The Romney-Ryan camp is trying to discredit the falling unemployment rate, claiming it's due mainly to workers dropping out of the labor force. But Obama administration official Gene...
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Jobless claims snap back up
New York (CNNMoney) – First-time claims for unemployment benefits are on a roller coaster. The number snapped back up last week, after falling to a four-year low the week before. About 388,000 people...
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Q3 GDP: U.S. economy picks up
New York (CNNMoney) – U.S. economic growth picked up in the third quarter, boosted by stronger consumer spending, an improving housing sector and increased defense spending. Gross domestic product,...
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