Economy News
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Payroll growth in the U.S. beat forecasts in December and the unemployment rate dropped to the lowest level in almost three years as the economy gained strength heading into 2012.
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The U.S. is starting the year on a positive note, a sign that investors may be too gloomy.
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Canada’s unemployment rate rose for a third month in December, the longest advance in two years, as a gain in jobs trailed growth of the labor force.
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Three Federal Reserve policy makers called on the U.S. government to try new programs to revive the housing market while differing over whether the central bank should take more steps to cut borrowing costs.