Unemployment, Recession | featured news

Across the country, tens of thousands of unemployed young people, many with college credits or work histories, are struggling to house themselves in the wake of the recession.

Growth at or below 2% isn't enough to lower the unemployment rate. The U.S. economy grew at an annual rate of just 1.5 percent from April through June, as Americans cut back sharply on spending. The slowdown in growth adds to worries that the economy could be stalling three years after the recession ended.

As slow as the recovery in jobs has been, a few states are doing quite well. Seven have more jobs now than before the recession. Some - Texas, North Dakota and Alaska - are benefiting from an oil boom... The other states that have regained all their lost jobs are: New York, Oklahoma, Louisiana, and South Dakota. New York has seen broad-based gains in education and health care, financial services,and other professional services such as legal services and accounting.

Unemployment in the 17-country euro currency bloc hit another record in May as the crippling financial crisis pushed the continent toward the brink of recession, official figures showed Monday.

The king of Spain offered an unprecedented apology Wednesday for going on an elephant-hunting safari in Africa while his subjects struggle with recession and high unemployment at home.

The economy grew at an annual rate of 2.5% in the three months ending Sept. 30, the government reported, easing fears that the nation would fall into a second recession but still too slow a pace to cut significantly into the high unemployment rate.

Call it the recession's lost generation. In record numbers, they're struggling to find work, shunning long-distance moves to live with mom and dad, delaying marriage and raising kids out of wedlock, if they're becoming parents at all. The unemployment rate for them is the highest since World War II, and they risk living in poverty more than others - nearly 1 in 5.

Job growth in the U.S. rebounded higher in July and the unemployment rate edged lower, the government reported Friday, providing a pinch of good news amid turmoil in global markets and intensifying fears of a recession.

California's unemployment rate ticked down to 11.9% in April after the state added 8,900 jobs, a relatively small number in a state still suffering from the Great Recession.

Despite soaring poverty and unemployment, California and Los Angeles County have fared better on many indicators during the recession than the nation as a whole, according to a report released Tuesday by USC.