US lost jobs for 1st time in 4 years
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Employers cut jobs for the first time in four years last month, the government reported yesterday, driving stock prices down in the United States and Europe and raising fears the slowdown in the housing and credit markets brought on by the crisis in subprime mortgages is spreading across the economy.
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WASHINGTON -- First-time applications for jobless benefits fell last week, evidence that the US labor market is holding up in the face of a widening credit crunch.
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In an encouraging sign for the labor market, first-time claims for unemployment benefits dropped last week. The Labor Department reports that new applications filed for jobless benefits fell by a seasonally adjusted 5,000 to 326,000.
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Orders placed with U.S. factories fell for the first time in four months, the Commerce Department said Monday, with demand dropping sharply for commercial airplanes and parts.
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Stock indexes tumbled more than 1.7 percent on Friday after the government announced the first monthly drop in payrolls in four years, fanning fears of a recession.
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The number of U.S. workers claiming  an initial week of jobless claims unexpectedly fell by 8,000  last week to the lowest level in nearly four months, a  government report showed on Thursday.
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Stocks tumbled on Friday after data showed monthly hiring contracted for the first time in four years, fanning recession fears and adding pressure for a Federal Reserve interest-rate cut.
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The number of U.S. workers seeking first-time jobless benefits plunged last week, as expected, after surging the prior week during the start of the holiday season, a government report showed on Thursday.
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The US jobless rate dropped in November, but analysts are surprise and disappointed by the weak job creation numbers reported by the US Labour Department.
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The US economy suffered 17,000 job losses in January marking the first monthly losses since 2003, a government snapshot showed Friday in a fresh sign of brewing economic trouble.
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The number of Americans filing initial claims for jobless aid unexpectedly plunged 48,000 last week, the largest drop in more than three years, according to a government report on Wednesday that suggested job market conditions may be improving.
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The number of Americans applying for first-time jobless aid unexpectedly fell by 5,000 last week, according to a government report released on Thursday that bolstered hopes for faster job growth in 2005.
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WASHINGTON -- Nervous employers cut 17,000 jobs in January _ the first such reduction in more than four years and a fresh trouble sign that the economy is in danger of stalling.
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The number of new people claiming for jobless benefits in the United States declined sharply last week, a sign that the recovery in the US labor marketmay be strengthening.
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Employers cut 4,000 jobs in August,  the first time in four years that monthly hiring contracted,  the government said on Friday in a report certain to boost  pressure on Federal Reserve policy makers to cut interest  rates.
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The number of Americans applying for  first-time jobless aid unexpectedly fell by 5,000 last week,  according to a government report released on Thursday that  offered a dose of cheer for the job market.
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In the first such loss in four years, 17,000 jobs were shed in January.