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A new study that surveyed unemployed workers over a 15-month period found that nearly 70 percent of those entering new careers had to take a cut in pay.

The number of people applying for unemployment benefits fell sharply last week, with applications hitting the lowest level in two and a half years.

Senior lawmakers said on Sunday they were optimistic about striking a deal to extend Bush-era tax cuts for all taxpayers and continue emergency jobless aid for millions of long-term unemployed Americans.

Extended unemployment benefits for nearly 2 million Americans begin to run out Wednesday, cutting off a steady stream of income and guaranteeing a dismal holiday season for people already struggling with bills they cannot pay.

It could be the Mexican remake of the "The Full Monty" - just swap the out-of-work British steel workers from the 1997 hit movie for curvy Latina flight attendants.

The state is borrowing $40 million a day from the federal government to provide assistance to jobless workers, but has resisted changing the formulas it uses to determine and fund those benefits.California's fund for paying unemployment insurance is broke.

New claims for unemployment benefits fell last week to a three-month low, hinting at some improvement in the listless labor market.

The state, which has the third-highest unemployment rate in the nation, lost 63,500 jobs in September. In Los Angeles County, the unemployment rate was 12.6%, up from 12.2% a year ago. California's economy continued to suffer in September as employers cut jobs from payrolls and the state's unemployment rate remained steady at 12.4%.

Two Americans and a British-Cypriot economist have won a Nobel prize for a theory that helps explain why many people can remain unemployed despite a large number of job vacancies.

Michael Feder, chief executive officer of Radar Logic Inc., talks about US home prices and the outlook for the housing market. US home prices fell 1.6 percent in the second ...