UNEMPLOYMENT

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U.S. jobless claims edge down last week

New U.S. claims for unemployment benefits fell less than expected last week, according to a government report on Thursday that could dampen hopes of a pick-up in job creation in April after March's slowdown.

Asian Shares Flat Awaiting Spanish Bond Sale

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Asian shares moved in a narrow range Thursday after the previous day's rally as investors grew cautious ahead of a key Spanish bond sale that would test the market's risk appetite as concerns mounted over the euro zone's debt crisis.
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Layoffs, freezes, retirements for U.S. public sector

More than half of local and state employees continue to work under pay freezes, while others are accelerating their retirements or facing the prospects of layoffs as the effects of the recession linger on the public sector, according to a survey released on Wednesday.
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An unexpected rise in German business confidence boosted European stock markets on Friday

German Investor Confidence Rises, Recession Fears Calmed

German investor confidence unexpectedly rose on in April, calming fears that the euro zone's sovereign debt crisis is weighing down the country's economy, according to a report from Mannheim, Germany-based Centre for European Economic Research, or ZEW.
IMF raises its GDP growth forecast for the U.S.

IMF Increases US Economic Growth Forecast

The International Monetary Fund on Tuesday raised its projection of growth in the U.S. gross domestic product to 2.1 percent this year and 2.4 percent next year, from 1.7 percent in 2011.
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Buffett Rule Vote Blocked In Senate

Senate Republicans on Monday afternoon blocked President Barack Obama's Buffett Rule legislation, which would have put a 30-percent minimum tax on millionaires.
mall shopper

Retail Sales, Housing Starts: Next Week’s Economic Events

Reports on retail sales and housing starts in March highlight the economic calendar next week, April 16-20. Economists will be watching for any lingering signs of a positive boost from the recent warm weather, as well as indications of whether the strength in consumer demand continues.
Gas pump

US Consumer Confidence Down On Mixed, Polarized Readings

A preliminary survey of consumer confidence for April shows the lackluster job creation seen in March is playing into people's pessimism more than economists had expected. But a recent, tiny, decline in gasoline prices, following a dizzying climb at the beginning of the year, is at least making consumers feel better about inflation and hence, expectations for the future.
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Jobless claims cast cloud on labor market

The number of Americans filing for jobless aid hit a two-month high last week and more applications were received in the prior week than initially reported, suggesting a cooling in the labor market recovery.
New research shows that runaway growth in the financial sector is detrimental to the real economy, as highly skilled workers gravitate toward finance and industries dependent on outside investment suffer. (Reuters)

Investors Pump Money Into Stocks Hoping For A 'Goldilocks' Moment: Daily Markets Wrap

Risky assets rose on moderate volume and moderately bad news Thursday, as investors seemed to be placing a paradoxical bet that a slowdown in economic growth would jolt the U.S. central bank into action -- inflating the prices of stocks, commodities and other assets -- while at the same time assuming the slowdown would not be so harsh as to throw the current recovery completely off track.
Men looking for labor jobs stand along a street in Brooklyn, New York

The March Employment Data Thud

The Fed is also well aware that employment had peaked in each of the past two springs before resuming growth late in the year.
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Wall Street Up On Euro Zone Yields, Earnings Bets

Stocks edged higher in early trading on Thursday as concerns about rising yields in some euro zone countries eased and on bets corporate America will beat a lowered bar of earnings expectations.
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Home prices close to bottoming, to rise in 2013

The relentless decline in home prices is nearing an end and prices should rise for the first time in seven years in 2013, but a possible new wave of foreclosures could threaten the recovery, according a Reuters poll of economists.

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