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Employment Growth Slows As Jobless Benefits Shrink

May's higher unemployment rate and meager job creation couldn't have come at a worse time for the long-term unemployed. The unwelcome news arrives just as federal support for unemployment benefits is starting to fade.

Stocks Drop On Weak Jobs News

Investors are reacting to the much-weaker-than-expected report on job growth in May.

'Lousy' News: Just 69,000 Jobs Added In May; Jobless Rate At 8.2 Percent

Both numbers are disappointments. Economists had expected BLS would say the jobless rate was 8.1 percent and that payrolls expanded by at least 150,000 jobs.
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D.C. Partners With Chinese Bank To Spur Economy

Washington, D.C. is partnering with one of the largest state-run banks in China.


Did Jobs Grow Fast Enough In May? Probably Not

Economists expect to hear that a modest 150,000 jobs were added to payrolls last month and that the jobless rate stayed at 8.1 percent. They say employers just aren't adding jobs fast enough to bring unemployment down quickly.

Draghi Warns Euro Framework Is 'Unsustainable'

Head of the European Central Bank Mario Draghi says the financial crisis has exposed the inadequacy of the euro monetary union. The head of the European Central Bank says flaws in the system need to be fixed.

May Jobs Report Is Much Worse Than Expected

The Labor Department said the U.S. economy added 69,000 jobs last month — far fewer than analysts expected. The unemployment rate also rose to 8.2 percent, up from 8.1 percent in April. The monthly jobs report is an important weather vane for anyone trying to get a bead on which way the economic winds are blowing.

New Owner Wants To Rescue Struggling Talbots

The private equity firm Sycamore Partners plans to turn around the 65-year-old retailer Talbots. Sycamore is buying the company for around 10 percent of the stock value five years ago.

Chesapeake Energy Drives Oklahoma City's Economy

Oklahoma City is enjoying a rebound. The city's pro basketball team is in the playoffs and the unemployment rate is one of the lowest in the country. But one of the city's leading companies, Chesapeake Energy, is in a tough spot because of falling natural gas prices. Local officials worry about what the fall of the company might mean to the Oklahoma capital.