Slight gain seen in jobs, but not health care costs
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Labor Day is a time to fire up the barbecue pit and hang out at the beach for the last official rite of summer. It&#39;s also the day, every four years, when the presidential candidates ramp up their campaigns for the homestretch to Election Day.
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Americans mark Monday's Labor Day holiday with an economy growing, albeit more slowly than in the recent past. Yet some say the tepid pace of expansion means average workers are getting few of the benefits of economic growth.
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NEW YORKFewer Americans lined up to claim first-time jobless benefits last week but analysts said the modest decline said very little about the current state of the labour market.
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In the past four years, Americans have spent a growing portion of their paychecks on health care and for the most part gotten less for their money, according to government figures and several independent studies.
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The number of Americans filing new claims for jobless benefits rose slightly last week, but wholesalers trimmed inventories in December, setting the stage for future growth, data on Thursday showed.
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The U.S. economy added a modest 97,000 jobs in February, the smallest gain in two years, but job growth in prior months was stronger than first thought and the unemployment rate dropped, the government said on Friday, easing fears over economic weakness.
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If this year follows the pattern of recent history, the most common change most workers will see is a rise in the cost of health insurance.
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The pace of US jobs growth picked up modestly last month while unemployment fell, handing George Bush a potential boost ahead of the presidential election on November 2. The US labour department said yesterday
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Prices and interest rates are up, but that isn't necessarily a bad thing
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High-deductible health insurance policies coupled with savings accounts - touted by proponents as an answer to rising medical costs - did not grow in popularity among employers this year, even as premiums for insurance continued to rise.
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WASHINGTON -- The efficiency of workers rose at a modest pace in the final three months of last year, far below the gain originally estimated, while worker wages and benefits soared.
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With the Republican National Convention just two weeks away, signs are pointing to a modest economic boost for few businesses.
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Healthcare costs in employer-sponsored plans are expected to rise an average of 8 percent in 2005, the first time the increase has sunk to single digits in the last five years, a new survey said.
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Sterling has received a modest boost against the dollar after positive job market figures showed a fall in the number people making jobless claims.
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The pace of job creation picked up modestly in August and the unemployment rate edged down, the Labor Dept. said.
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America's payrolls picked up in August, with the economy adding 144,000 jobs, slightly less than economists were forecasting and highlighting the slow and uneven recovery in the labor market that jobseekers have braved.
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The retailer posts modest gains in total sales and comps.