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Job-hunt time shrinks from record high

from Bloomberg Businessweek

For 13 million out-of-work Americans, record spells of joblessness are abating. The median duration fell to 16 weeks in January from 25 weeks in June 2010, Labor Department data show. Still, less slack in the labor market will raise demand for temporary staffing companies, said Jeffrey M. Silber, BMO Capital Markets senior analyst in New York. more


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