Labor Force News
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Asia’s job markets are holding up even as the European crisis hurts exports, auguring stability in domestic demand that reduces the case for the region’s central banks to add monetary stimulus.
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As the world’s largest national congress meets in Beijing to prepare for new leadership, likely successor Xi Jinping will inherit a roadblock to growth dating back almost to the era of Mao Zedong: the one-child policy.
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Philadelphia Federal Reserve Bank President Charles Plosser said that central bank purchases of mortgage-backed securities may be an inappropriate foray into policy that should be conducted by the U.S. Treasury.
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Louisiana oysterman Terrance M. Shelley was struggling to keep up with demand by New Orleans restaurants before BP Plc’s Macondo well blew out in April 2010, crippling the processing plant he opened six months earlier.
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Leon Cooperman, chief executive officer of Omega Advisors Inc., talks about investment strategy and President Barack Obama’s policies.
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Stanley Fischer in December 2008 connected the bankruptcy of Lehman Brothers Holdings Inc. and Bernard Madoff’s ruinous $20 billion fraud to a false sense of security that brought the world to the brink of depression. Three years later, he rues the same creeping complacency.
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Most Monday mornings, Karl Sparre is at Boston’s Logan Airport getting orange juice and a muffin before a 7:20 a.m. flight. By 10 a.m. he’s at his desk in Philadelphia. On Friday, he’s back home in Boston by 7:30 p.m.
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Latvia’s unemployment rate fell to 14.3 percent in the fourth quarter from 14.4 percent in the previous three-month period, the Statistics Office, based in the capital, Riga, said today on its website, citing a labor force survey.
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Affluent Americans support raising the Social Security age because people are living longer, a Bank of America Corp. survey said today.
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The Standard & Poor’s 500 Index is approaching the cheapest level ever compared with bonds as Federal Reserve Chairman Ben S. Bernanke’s zero-percent interest rates drive investors and companies from cash.
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