July 15, 2009 Wednesday
Updated


NEW YORK - MORE than half of executive-level job seekers think the recession has been good for their children, as a lesson that opportunity will not be handed to them, according to a new survey.

Most of those surveyed said the economic crisis had a positive effect on personal relationships, with a third saying family and friends have grown closer and a third saying they have done more networking and made new friends, said the research by TheLadders.com, an online jobs site that lists positions paying US$100,000 (S$146,000) or more a year.

 
US jobless likely to increase
WASHINGTON - PRESIDENT Barack Obama says unemployment in the US is likely to increase for several months as the economy recovers from its deepest downturn in decades.

The president said on Tuesday that renewed employment typically lags behind other signs of improvement as a swooning economy turns around.

Wall Street flat after data

NEW YORK - US STOCKS opened little changed on Tuesday as a stronger-than-expected profit report from financial giant Goldman Sachs helped traders overlook mixed economic reports.

US June retail sales rise 0.6%

WASHINGTON - US RETAIL sales rose for the second consecutive month in June, by 0.6 per cent, Commerce Department data showed on Tuesday in a report stronger than expected.

   
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