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Japan Noda warns on yen, suggests joint steps difficult (Reuters)

September 4th, 2010

Reuters - Japanese Finance Minister Yoshihiko Noda said on Saturday Tokyo would take decisive steps to stem the yen’s rise when needed, while suggesting that coordinated currency market intervention was a difficult option. Read Original Post Here

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Payrolls data offer ray of hope for recovery (Reuters)

September 4th, 2010

People wait in line to enter the City University of New York (CUNY) Big Apple job fair in New York, April 23, 2010. REUTERS/Shannon StapletonReuters - U.S. employment fell for a third straight month in August, but the drop was far less than expected and private hiring was a positive surprise, relieving concerns about a stalling economic recovery.

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Despite hiring, US unemployment rate seems frozen (AP)

September 4th, 2010

In this Aug. 25, 2010 photograph, job seekers including Pat Mosher, third from left, fill out registration forms to attend a job fair in Southfield, Mich. On Friday, Sept. 3, 2010, at 8:30 a.m. EDT, the Labor Department issues the August unemployment report. (AP Photo/Paul Sancya)AP - Unemployment is stuck at high levels even though some companies are hiring. The problem, government data show, is that too few jobs are being created for the growing number of people looking for work.

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Economy 101: Jobless rate widens for black workers (AP)

September 4th, 2010

AP - When the unemployment rate rose last month, the pain wasn’t spread evenly. Read Original Post Here

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Business Highlights (AP)

September 4th, 2010

AP - Companies add 67K workers, but jobless rate rises Read Original Post Here

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Obama to address new economic ideas next Wednesday (Reuters)

September 4th, 2010

President Barack Obama delivers remarks on the latest employment statistics released on Friday, alongside Treasury Secretary Tim Geithner in the Rose Garden of the White House, September 3, 2010. REUTERS/Jason ReedReuters - President Barack Obama said on Friday he would outline new measures next week to boost the U.S. economy, but analysts were skeptical he would be able to deliver a big enough package to lift growth significantly.

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Obama promises more stimulus as unemployment edges up (AFP)

September 4th, 2010

US President Barack Obama speaks on the economy in the Rose Garden at the White House in Washington, DC. Obama said better-than-expected jobs data released Friday was positive, but said it was not good enough as the economy struggles out of the deepest slump in decades.(AFP/Saul Loeb)AFP - President Barack Obama promised a fresh slew of measures to boost the ailing US economy Friday after fresh data showed unemployment was again on the rise.

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A rise in unemployment that is "about unchanged" (AP)

September 4th, 2010

AP - For most Americans, the most important information in the monthly unemployment report is whether the jobless rate rose or fell, and by how much. Read Original Post Here

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Summary Box: Unemployment rate rises to 9.6 pct (AP)

September 4th, 2010

AP - UNEMPLOYMENT RISES: The unemployment rate rose to 9.6 percent in August from 9.5 percent, as the nation lost 54,000 jobs. Private employers added a net total of 67,000 workers, but 114,000 temporary census jobs ended. Read Original Post Here

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US services sector growth eases (AFP)

September 4th, 2010

The Institute of Supply Management(ISM) said its non-manufacturing index, based on surveys of purchasing and supply executives, fell to 51.5 -- the lowest level since January -- from 54.3 in July.(ISM)AFP - Growth of the key US services sector fell to its lowest level in eight months in August amid a weakening economic recovery, a survey report said Friday.

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