Union members hold up “I want to work” placards as they join a protest of several thousand people demanding jobs outside City Hall in Los Angeles on August 13, 2010. Even the criminals have fallen on hard times in America’s poorest city as the long-term unemployed struggle to keep a grasp on normality. Richard Gaines is one of the best-known faces on Camden’s Haddon Avenue.... 

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... 

Markets are in turmoil as there are fears of a major downward spiral for euro. Amid a festering financial crisis in Europe, the unemployment rate across countries using the euro currency has jumped to a historic %10.1 in April. According to statistics released by the European Union, almost 16 million people living in the Eurozone countries are currently out of jobs. The figures are showing a significant... 

Hope you can all believe in School districts around the country, forced to resort to drastic money-saving measures, are warning hundreds of thousands of teachers that their jobs may be eliminated in June. The districts have no choice, they say, because their usual sources of revenue — state money and local property taxes — have been hit hard by the recession. In addition, federal stimulus money... 

by James Buchanan A recent Reuters article reports “The U.S. recession is set to end ’soon,’ but continued job losses and plunging house prices point to an economic recovery that will be more moderate than those experienced in previous downturns, a survey showed. The survey of 45 professional forecasters released by the National Association of Business Economists (NABE) on Wednesday found almost... 

The US Senate included a measure to restore full funding for foreign aid to the budget it approved late Thursday, increasing chances that the pool of money including assistance for Israel wouldn’t be cut. The $3.5 trillion document passed by the Senate includes a $4 billion boost to the foreign operations appropriation, bringing it up to the $53.8b. sought by President Barack Obama. Sen. John...