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News Summary: More Americans quit jobs; hiring up

MORE QUITTERS: The number of people who quit their jobs in April jumped 7.2 percent to 2.25 million, the Labor Department says. That's just below February's level, which was the highest in 4 ½ years. Full story

US added 175,000 jobs in May, beating expectations

   The Labor Department reported that the U.S. added 175,000 jobs last month, slightly above expectations, while the unemployment rate rose a smidgen to 7.6 percent from 7.5 percent in April. CNBC’s Hampton Pearson reports.

Futures rebound as jobs numbers roll out

U.S. futures rose on upbeat jobs numbers Thursday, though trading remains light ahead of a crucial report from the Labor Department at the end of the week. Full story

News Summary: US productivity rose in 1Q

BUSY BEES: U.S. worker productivity grew at a revised 0.5 percent seasonally adjusted rate from January through March after having declined 1.7 percent in the previous quarter, the Labor Department said. Full story

Watchdog: Budget missteps led to Job Corps woes

Budgeting missteps and poor financial oversight of the federal Job Corps program led to shortfalls that forced the Labor Department to temporarily halt new enrollments earlier this year, according to a government watchdog report released Friday. Full story

Productivity growth modest in first quarter

WASHINGTON (Reuters) - Nonfarm productivity rose modestly in the first quarter as growth in output accelerated sharply and employers throttled back gains in the hours that their staffs worked. Full story

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Hiring rate increases modestly in February

Productivity declines most in nearly two years

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  Countdown to Monthly Jobs Report

Michelle Meyer, BofA Merrill Lynch, and Mark Zandi, Moody's Analytics, offer their preview of the Labor Department's monthly jobs report.

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Cantor Addresses Dismal Jobs Report Numbers on Capitol Hill
Cantor Addresses Dismal Jobs Report Numbers on Capitol Hill

epa02814625 U.S. Republican House Majority Leader from Virginia Eric Cantor talks with reporters about the dismal monthly jobs report numbers in the US Capitol in Washington, DC, USA on 08 July, 2011. The Labor Department reported Friday that just 18,000 jobs were added in June, far less than the 12