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Jobs growth boosts Wall Street, extending rally

The creation of three times as many private-sector jobs as expected turned Wall Street's early losses into gains on Wednesday, extending a rally investors worried had come too far too fast.
California jobless rate unchanged at 12.4 percent

Layoffs in 2010 lowest since 1997: Challenger

After reaching a seven-year high in 2009, downsizing activity in 2010 fell to its lowest level since 1997, as employers announced plans to eliminate 529,973 positions, according to a report from outplacement consultancy Challenger, Gray & Christmas Inc.
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Surprise jobs surge boosts economic outlook

A surprise surge in private-sector employment last month for its biggest-ever rise in a private payrolls report provided the most bullish signal in months that the economy is on the mend.
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Stock index futures fall ahead of ADP jobs data

Stock index futures pointed to a lower open on Wall Street on Wednesday, with futures for the S&P 500 down 0.5 percent, Dow Jones futures down 0.4 percent and Nasdaq 100 futures down 0.5 percent at 1000 GMT (5 a.m. ET).
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Jobs trickle in. Whither workers?

U.S. private employers have recorded 11 consecutive months of job gains, yet the number of people who are so discouraged that they have given up searching for work stands at an all-time high.
Spain's Education Minister Gabilondo talks to Labour Minister Gomez and Industry Minister Sebastian at Spanish parliament in Madrid

Spain needs deeper reforms: OECD

The Spanish economy is slowly recovering, but broad reforms will still be required to create jobs and improve government finances, according to a report from the Organisation for Economic Co-operation and Development (OECD).
Ethnic tensions simmer in Russia

Ethnic tensions simmer in Russia, 'radical nationalism' on the rise

The angry mob battling the police in their riots gear at the heart of Moscow screamed, Russia for Russians! The slogans spread to the Country's second largest city of St. Petersburg. In rather a dramatic fashion, the death of one Russian football fan sparked riots that soon engulfed the whole of the country. Local media has been reporting that city centers have been shut time and again and roads were frequently blocked, over the past couple of days, following sporadic incidents.

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