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When the Labor Department releases the data on jobs created in May, the figures are expected to show that, for the first time, the total number of jobs has surpassed the level when the U.S. entered recession in December 2007. The U.S. is just 113,000 jobs away from the previous peak reached in January 2008. Economists polled by MarketWatch expect a 210,000 gain.  06.05.14

WASHINGTON (MarketWatch) - The U.S. economy contracted by 1% in the first quarter to mark the biggest decline in three years, hampered by harsh winter weather that disrupted business operations and construction on residential and commercial properties, according to newly revised government figures.

Washington — The Internal Revenue Service announced the successful start of its new web-based system — IRS Direct Pay — on IRS.gov, which lets taxpayers pay their tax bills or make estimated tax payments directly from checking or savings accounts without any fees or pre-registration.

Housing starts rose to a seasonally adjusted annual rate of 1.07 million, up from 947,000 in March, the Census Bureau said Friday.

Economists had predicted a rate of 980,000, according to the median forecast in Action Economics' survey.