Labor Force News
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Another talking point bites the dust. Opponents of the comprehensive immigration reform working its way through the U.S. Senate have often decried the high cost of legalizing undocumented immigrants. The working theory is that people who endure low wages and a host of other hardships for the opportunity to work undercover would opt for government welfare once they are permitted to work legally.
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Finland’s Finance Ministry cut its forecast for the northernmost euro member’s economy that’s mired in a recession along with its single-currency peers.
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Talks between the U.S. and China next month will assess shifting fortunes of the world’s two largest economies, as America emerges from a slump and Asia’s main engine of growth confronts fresh challenges, the U.S. Treasury Department’s top international official said.
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Japanese Prime Minister Shinzo Abe has vowed to elevate the role of women in the world’s third- largest economy. He might start with his own party.
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Rising bond yields are typically indicators of stronger economic growth and higher profits for banks. That might not be the case this time, as a 30-year bull market in U.S. government debt shows signs of coming to an end.
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Australia unexpectedly boosted payrolls in May and unemployment declined as the job market withstood a weaker domestic outlook, prompting traders to push back interest-rate cut bets.
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Irish stocks are climbing three times faster than equities in Spain, Italy, Greece and Portugal as the nation looks to become the first country to exit a European Union-led bailout.
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South African retail-sales growth eased to 1.9 percent in April as slower economic growth and rising unemployment curbed consumer spending.
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Robert Fogel, the University of Chicago economic historian awarded a Nobel Prize for his data- driven reconsiderations of how railways and slavery influenced U.S. economic history, has died. He was 86.
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Job openings in the U.S. fell in April, showing companies were waiting to assess the effects of higher taxes and reduced government spending before committing to bigger staff increases.
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