Economy, Jobless | featured news

The U.S. Postal Service would eliminate about 220,000 full-time jobs and shutter about 300 processing facilities by 2015 under a proposal to bring its finances in order, a postal official said on Friday.

Unemployment rates rose in more than half of U.S. states in June, evidence that slower hiring is affecting many parts of the country.

More people applied for unemployment benefits last week, the first increase in three weeks and evidence that the job market is still sluggish.

Fueling the demonstrators’ anger is the perceived failure by politicians to alleviate the hardships imposed on a struggling population by a jobless rate of 21 percent.

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.

The number of people applying for unemployment benefits fell sharply for the second straight week, suggesting the job market is slowly recovering.

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.

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

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.