JOBS

Wall Street drops, disappointed by jobs data

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Stocks dropped on Friday after a weak rise in non-farm payroll jobs in June -- the second month in a row -- dashed hopes the economy was emerging from a temporary soft patch and headed for a rebound.

U.S. Adds Just 18,000 Jobs in June, Unemployment Up

U.S. Job Market Remains Challenging for Job Seekers.
The world's largest economy continued to create jobs a tepid rate in June, adding just 18,000 jobs, when economists were expected a gain of about 105,000. The sub-par job growth rate increases concern that the economy may enter a double-dip recession.
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Jobs seen boosting hopes of an economic revival

U.S. companies probably stepped up hiring in June as the economy recovers from a stumble in recent months, although job growth is not expected to be strong enough to eat into high unemployment.
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ADP, retailers lift shares before jobs report

Stocks rallied on Thursday, with the Nasdaq up for an eighth straight day, as strong labor market and retail sales data lifted optimism a day before the U.S. employment report for June.
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Wall Street rallies on jobs data, retailers

Wall Street jumped on Thursday after signs of life in the labor market and strong sales at some U.S. retailers lifted optimism in the economy ahead of Friday's key June jobs report.
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Private sector adds 157,000 jobs in June

U.S. private employers added far more jobs than expected in June, bouncing back from a surprise slump the month before, a report by payrolls processor ADP showed on Thursday.
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Job Market Retreats to 2008/2009 Levels

Despite recent market volatility and unfavorable labor statistics, second quarter employee confidence over job security, pay raises and the job market has returned to levels last seen in the height of the recession.
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Bombardier to cut 1,400 jobs in Britain

Canadian train maker Bombardier is cutting more than 1,400 jobs at its plant in Derby, central England, after losing out to German group Siemens in a competition to upgrade rolling stock on the Thameslink cross-London railway.
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Lockheed's aeronautics unit to cut 1,500 jobs

The aeronautics unit of Lockheed Martin Corp, the Pentagon's No. 1 supplier by sales, said on Thursday that it plans to cut about 1,500 jobs to reduce costs in response to a flattening of U.S. defense spending.
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New Lloyds CEO cuts 15,000 jobs in revival plan

Lloyds will axe 15,000 jobs and halve its international presence, a plan its new boss hopes will save 1.5 billion pounds ($2.4 billion) a year by 2014 and return the part-nationalized British bank back to health.
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Lloyds to cut 15,000 jobs in strategy revamp

Lloyds unveiled plans to cut 15,000 jobs, reduce costs and sell assets in a strategy review aimed at boosting the fortunes of the bank which had to be part-nationalized during the credit crisis.
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Campbell Soup to cut jobs, save money

Campbell Soup Co will shed nearly 800 jobs as part of a series of cost cuts, which include exiting the Russian market, automating operations at a factory in Australia and closing one in the United States.
Facebook CEO Mark Zuckerberg listens to a question from the audience in San Francisco

Facebook's 'I’m CEO, Bitch' inspired by Steve Jobs

Facebook founder Mark Zuckerberg, who beat out Steve Jobs for the honor of Time magazine’s “Person of the Year” and Forbes magazine’s list of wealthiest American’s in 2010, has modeled his management style after Steve Jobs.
Mayor Michael R. Bloomberg

Bloomberg Cuts Deal To Avert Teacher Layoffs

Mayor Michael Bloomberg and the United Federation of Teachers which represents thousands of teachers in New York City have struck a deal to avoid teacher layoffs amounting to 4,100 in total, sources said.

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