Economy Unexpectedly Sheds 17,000 Jobs
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The decline in jobs across a broad spectrum of professions marks the most striking evidence yet that the United States may be slipping into a recession.
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The nation shed jobs in January, the government reported yesterday, the first monthly loss since 2003, providing fresh evidence that the housing downturn and credit crisis have spread to the job market.
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The number of newly laid off workers filing claims for unemployment benefits unexpectedly fell last week although the decline was not viewed as evidence of an improving job market.
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The nationâs manufacturing sector managed to slip into a recession with almost nobody seeming to notice. Well, until Tuesday.
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The number of U.S. workers applying for jobless benefits fell by 20,000 last week to 307,000, in a much sharper decline than expected that underscored the strength of the labor market, government data showed on Thursday.
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It has become a monthly ritual. The government issues its jobs report, the numbers are disappointing, and the excuses begin. Employers are not hiring because of the high price of oil, fear of terrorism, uncertainty about the election, and because the dog ate their homework.
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Retail sales fell unexpectedly in December to close out the weakest year at the cash register since 2002, data showed on Tuesday, the strongest signal yet that the economy may be sliding into recession under the weight of a housing and credit crisis.
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The number of workers filing initial  claims for jobless benefits fell unexpectedly by 21,000 last  week, a government report showed on Thursday, suggesting some  improvement in the health of the labor market.
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A Labor Department report showed that the economy lost 4,000 jobs in August, the first drop in 4 years, suggesting that turmoil in the financial markets could be spreading.
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An unusually large share of workers have been out a job for more than six months even as overall unemployment has remained low, a little-noted weakness in the labor market that analysts said threatens to intensify the impact of the unfolding economic downturn.
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New applications for unemployment  benefits fell by 22,000 last week, but the number of workers  remaining on jobless aid rose to its highest level in more than  two years, government data on Thursday showed, pointing to a  weakening labor market as the economy slows.
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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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Reports on factory orders and the labor market  portrayed an economy that is skirting recession as attention shifts to government figures on employment to be released Friday.
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The housing sector is in a funk,  auto sales are weak, and manufacturing jobs are drying up. So  why were Friday&#39;s employment numbers surprisingly strong?
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here was a time when adding just under 150,000 jobs a month, three years into an economic recovery, would have been considered a disaster.
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U.S. industrial output fell in January while the number of Americans filing for jobless benefits jumped sharply last week, according to a flurry of reports that raised doubts about the economy's health.
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A surprisingly weak jobs report sent the markets reeling and plunged the major stock averages into a deficit for the week.