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Senators end long stalemate, reach bipartisan deal extending benefits for long-term unemployed

WASHINGTON - Bipartisan Senate bargainers ended a long-running election-season standoff and struck a compromise renewing expired jobless benefits for five months for more than 2 million Americans who have been out of work the longest, the lawmakers said Thursday. Approval of the $9.7 billion measure seemed likely by the Democratic-led Senate when it returns in late March from a weeklong recess. That would throw the issue into the Republican-run House, where its fate seemed uncertain.

Fed nominee Fischer says current policy is 'approximately appropriate'

WASHINGTON (Reuters) - The U.S. Federal Reserve's policy stance is "approximately appropriate" and central bankers still don't have to adjust policies to ward off inflation, the Obama administration's nominee for a top position at the Fed said on Thursday. "We can focus on unemployment," Stanley Fischer, U.S. President Barack Obama's pick for the No. 2 spot at the Fed, told lawmakers at a confirmation hearing. He said the central bank would have to think about trade-offs between unemployment and inflation down the road, but that "we're not there yet."

Applications for US unemployment benefits fell last week to 3-month low of 315,000

WASHINGTON - The number of people seeking U.S. unemployment benefits dropped 9,000 last week to a seasonally adjusted 315,000, a sign the job market is picking up after a winter slump. The Labor Department said Thursday that the four-week average of applications, a less volatile figure, decreased 6,250 to 330,500, the lowest since early December. Applications are a rough proxy for layoffs. The declines indicate companies are confident enough about the economy to keep their staffs.

S. Korea's jobless rate jumps in Feb., job creation also quickens

SEJONG, March 12 (Yonhap) -- South Korea's jobless rate jumped in February, but job creation increased at the fastest pace in 12 years, indicating that more people came out to look for work amid signs that the economy is recovering, a government report showed Wednesday. According to the report by Statistics Korea, the jobless rate stood at 4.5 percent last month, up from 3.5 percent in January. The seasonally adjusted jobless rate also rose from 3.2 percent to 3.9 percent.

S. Korea's jobless rate jumps in Feb., job creation also quickens

SEJONG, March 12 (Yonhap) -- South Korea's jobless rate jumped in February, but job creation increased at the fastest pace in 12 years, indicating that more people came out to look for work amid signs that the economy is recovering, a government report showed Wednesday. According to the report by Statistics Korea, the jobless rate stood at 4.5 percent last month, up from 3.5 percent in January. The seasonally adjusted jobless rate also rose from 3.2 percent to 3.9 percent.

S. Korea's jobless rate jumps in Feb., job creation also quickens

SEJONG, March 12 (Yonhap) -- South Korea's jobless rate jumped in February, but job creation increased at the fastest pace in 12 years, indicating that more people came out to look for work amid signs that the economy is recovering, a government report showed Wednesday. According to the report by Statistics Korea, the jobless rate stood at 4.5 percent last month, up from 3.5 percent in January. The seasonally adjusted jobless rate also inched up from 3.2 percent to 3.9 percent.

S. Korea's jobless rate jumps in Feb., job creation also quickens

SEJONG, March 12 (Yonhap) -- South Korea's jobless rate jumped in February, but job creation increased at the fastest pace in 12 years, indicating that more people came out to look for work amid signs that the economy is recovering, a government report showed Wednesday. According to the report by Statistics Korea, the jobless rate stood at 4.5 percent last month, up from 3.5 percent in January. The seasonally adjusted jobless rate also inched up from 3.2 percent to 3.9 percent.

Orban trumpets harsh Hungarian 'workfare' scheme

For Prime Minister Viktor Orban, Hungary's rising employment rate is more evidence of his masterful economic stewardship and another reason to give him a new term in elections on April 6. Under his watch, the number of working Hungarians has soared to a two decade high. Inflation has also eased sharply and the economy is growing. But critics say the drastic improvement in employment numbers was driven by a harsh "workfare" scheme -- welfare in exchange for work -- that masks deeper problems.

Job growth stalls as economy fails to generate sustained employment growth

OTTAWA - Canada's jobs market continues to sputter as the economy gave back some of January's gains by shedding 7,000 workers overall in February, a disappointment to those hoping for a strong start to the year. The loss was tiny in relative terms and insufficient to alter the 7.0 per cent unemployment rate. But after last week's news of stronger fourth-quarter economic growth than forecasted, and a gain of 29,000 jobs in January, economists had expected February would also see a gain in the order of about 15,000 jobs.

Canadian jobless rate holds steady at 7%

The Canadian economy unexpectedly shed 7,000 jobs in February as unemployment held steady at 7 percent, the government's statistics agency said Friday. "There has been little overall employment growth in Canada since August 2013," Statistics Canada said. Analysts had forecast the net creation of 19,000 jobs. The loss comes as the Canadian economy started the year on a positive note by adding 29,000 jobs in January, almost twice as many was expected, helping the unemployment rate fall to 7 percent from 7.2 percent in December.
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