Job Creation News
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The number of Americans filing first-time claims for jobless benefits fell to a level matching a four-year low, more evidence the labor market is healing.
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Chile’s peso weakened, reversing an earlier gain, after Federal Reserve Chairman Ben S. Bernanke said the Fed’s current stance is in line with its goals, damping speculation of further stimulus and pushing up the dollar.
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The five federal regulators responsible for implementing the Volcker rule have been inundated with comment letters whose resounding message is that the rule, as proposed, simply won’t work.
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Nigeria, Africa’s most populous nation, plans to fight terrorism it faces in parts of the north by creating jobs, Finance Minister Ngozi Okonjo-Iweala said.
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House Republicans went to eastern Ohio touting hydraulic fracturing to add U.S. jobs and cut fuel costs. Instead, lawmakers met skeptical residents, highlighting the divide over environmental concerns about fracking.
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The Nuclear Energy Institute and the National Mining Association said they sued the U.S. to reverse a ban on new uranium mining on federal land around the Grand Canyon in Arizona.
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Bloomberg's Megan Hughes reports on Mitt Romney's job creation claims at Staples and Sports Authority. Sales associates at the two chains make less than $9 an hour on average, according to survey data from Glassdoor.com. At that rate, which is common in the industry, someone working 40 hours a week would earn below the poverty line of $19,090 for a family of three. She speaks on Bloomberg Television's "InBusiness With Margaret Brennan." (Source: Bloomberg)
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Bloomberg's Mike Tackett and Hans Nichols report on the political impact of Mitt Romney's job creation claims at Staples and Sports Authority. Sales associates at the two chains make less than $9 an hour on average, according to survey data from Glassdoor.com, meaning someone working 40 hours a week would earn below the poverty line of $19,090 for a family of three. They speak on Bloomberg Television's "InBusiness With Margaret Brennan." (Source: Bloomberg)
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Mitt Romney says the U.S. can be “the best place in the world to be middle class again” and points to his hand in founding companies such as Staples Inc. and The Sports Authority Inc. to show he can create jobs to get people there.
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Democratic U.S. governors said President Barack Obama’s re-election chances are being lifted by an improving economy and a prolonged Republican nominating contest.
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