Italy's unemployment rate increased in November Italy’s youth unemployment has reached a new record high of over 30 percent, as it confirms that the euro-zone’s third-largest economy is already in recession. According to seasonally adjusted figures released by ISTAT on Thursday, the unemployment rate for young people aged 15 to 24 years have reached 30.1 percent in November, while the... 

Announcement: Federal Reserve Chairman Ben Bernanke attends a news conference following a two-day policy session in Washington D.C. on Wednesday Europe’s debt crisis poses huge risks to America – while improvements in growth and unemployment are going to be much slower than first thought. Those were today’s dire warnings from the U.S. central bank, although it did note the strengthening in... 

Zuccotti Park is a block away from the New York Stock Exchange a usually quiet location, however for the past week it has transformed into the headquarters of “Occupy Wall Street”, the site of demonstrations calling on the US government to break its close ties with big banks and corporations. The Protests have turned into what can be best described as anti-capitalist demonstrations attracting... 

Obama’s $450 billion employment package to save ONE job: his! Struggling President unveils plan to cut tax for middle class but who pays? Facing a barrage of criticism over his handling of the economy, President Obama last night unveiled a massive $450bn plan to combat the country’s unemployment crisis – and try to save his own job. In a rare address to a joint session of US Congress... 

Protestors march on September 6, 2011 during a demonstration organized by the leftist General Confederation of Italian Workers (CGIL) union against the government's economic policy in the center Rome. Tens of thousands of people are stranded. Factories are closed, airports and train stations deserted. An entire nation comes to a standstill as Italy’s largest trade union, the CGIL, calls... 

Telecom executive Donald H. Gips raised a big bundle of cash to help finance his friend Barack Obama’s run for the presidency. Gips, a vice president of Colorado-based Level 3 Communications LLC, delivered more than $500,000 in contributions for the Obama war chest, while two fellow senior company executives collected at least $150,000 more. After the election, Gips was put in charge of hiring in... 

About 100 men in their 20s and 30s, filled a conference room at a Dublin hotel last week to hear a migration agent describe the personal fortunes waiting to be made a world away in the booming mining towns of the Australian outback. With unemployment running at close to 15 percent in Ireland, and local wages a fraction of those now on offer in Australia, it appeared to be an easy sell. “I want... 

Policemen clash with protesters while trying to dismantle a camp set up in Catalunya square in Barcelona on May 27, 2011. At least 100 people have been injured after police clashed with demonstrators in Barcelona amid protests against the economic crisis and sky-high jobless rate in Spain. Policemen swiped at protesters with batons, dragged them on the ground and even fired rubber bullets on Friday... 

Spain’s unemployment rate has hit 21.3% for the first time in nearly 13 years, official figures have shown. There were 4,612,700 people unemployed in the country at the end of March, the national statistics agency INE said. Spain’s jobless rate has risen sharply during the economic downturn and is the highest in the eurozone. Meanwhile, official European Union (EU) figures showed that... 

Nokia is almost Finish(ed), due to its stubbornness to switch to Android, is now set to cut 4,000 jobs worldwide by the end of 2012. Mobile phone maker Nokia to cut 4,000 jobs worldwide from its 65,000-strong workforce, including 700 in the UK Nokia, once indisputably the world’s largest mobile phone company, will lay off 4,000 people worldwide by the end of next year as it attempts to cut costs... 

A group of immigrant day laborers stand near a street corner waiting for work in the Staten Island borough of New York August 3, 2010. Over the past two years, as U.S. unemployment remained near double-digit levels and the economy shed jobs in the wake of the financial crisis, over a million foreign-born arrivals to America found work, many illegally. Those are among the findings of a review of U.S.... 

While the recent drop in the official unemployment rate is attributed to the fact that Americans have given up looking for jobs, a former Senate candidate says that the actual jobless rate stands at 21 percent. “When you look at the overall joblessness picture, and the fact that the true unemployment rate in the United States, as Paul Craig Roberts has pointed out is actually somewhere around... 

Can’t get hired? You may just be in the wrong place. Bad interviews or a lack of experience may not be the reason you can’t land a job. Your location may be to blame. If you’re seeking employment, consider moving to Washington, San Jose, or New York. Those are the three best places in the nation for finding a job, according to Juju.com. Juju, a site that aggregates job listings,... 

Depending on which path the economy takes – the high growth of the mid-1990s, moderate growth or little growth – joblessness could stay high for up to 11 years, a new study for the Center for Economic Policy and Research says. The study’s results prompted Sen. Al Franken and Rep. Keith Ellison, both D-Minn., to demand again that Congress pass legislation to retain up to 900,000... 

Where's the hope now? And I thought Barack Hussein Obama’s response to the jobs numbers yesterday was clueless. Obama proposed spending $800 million to create 5,000 jobs, which would install broadband technology where it hasn’t already expanded because of demand, which will cost $160,000 per job. Today, Obama has refined his approach in his weekly address, proposing to spend even more money...