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May 02, 2016

On This Day in 1930:
President Herbert Hoover declares that the stock market crash six months earlier was just a "temporary setback" and the economy would soon bounce back. In fact, the Great Depression was to continue and worsen for several more years.

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Labor Headlines

US labour news headlines from LabourStart

Companies Profit Without Hiring More Workers
Updated On: Mar 06, 2013
Mar. 5, 2013 | ECONOMY | Even as corporations are making record profits, millions of Americans remain out of work and the economy is growing slowly. Experts say that economic policies have made it easier for corporations to profit, but that those gains have not translated to more jobs. The sequestration cuts could lead to about 700,000 in job losses, even though it is not expected to impact the stock market. Companies also say that the increase in productivity has made it possible for them not to hire new workers, and in some cases have even laid off more employees. Read more here.








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Updated: May. 02 (17:01)

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