UNEMPLOYMENT

For Jeff Immelt, the CEO of General Electric (GE.N`), the 130 year-old American industrial behemoth, the financial crisis marked the end of the age of America's economic dominance.

President Barack Obama urged Chinese President Hu Jintao to let the value of China's yuan currency rise and delivered a strong message on U.S. concerns over Beijing's human rights record at a summit on Wednesday.

Tunisian police fired shots into the air on Thursday to try to disperse hundreds of protesters demanding that ministers associated with the rule of ousted president Zine al-Abidine Ben Ali leave the government.

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.

Los Angeles city administrative office's (CAO) reporting of job creation and retention numbers under the American Recovery and Reinvestment Act (ARRA) funds could be very misleading, said Wendy Greuel, LA city controller.

Payrolls will grow in almost all U.S. metropolitan areas this year, but the gains will be slight, according to a forecast from IHS Global Insight, Inc. released by the U.S. Conference of Mayors on Wednesday.

Ireland is losing an estimated 1,000 people a week to emigration with a surge in exports failing to lift prospects for employment, a government-funded research body said on Thursday.

President Hu Jintao on Thursday will try to persuade often hostile U.S. lawmakers that China is a threat-free engine of growth, after a White House summit sought to narrow rifts between the world's top two economies.

President Barack Obama urged Chinese President Hu Jintao to let the value of China's yuan currency rise and delivered a strong message on U.S. concerns over Beijing's human rights record at a summit on Wednesday.

President Barack Obama pressed Chinese President Hu Jintao on Wednesday to let the value of China's currency rise and delivered a stern message on U.S. concerns over Beijing's human rights record.

While data this morning from Britain’s Office National Statistics showed that the country’s overall unemployment rate remained unchanged at about 7.9 percent in November, the report revealed something quite unsettling – joblessness among youth jumped to a record high of almost 1-million.

In an effort to prevent the kind of unrest currently engulfing Tunisia, the government of Jordan has unveiled a $230-million economic package to help the nation’s poor by cutting the prices of essential consumer goods and by creating jobs.

More than one in five young Italians are neither working nor studying in school, the highest such proportion of inactive youths in the European Union, according to the country’s national statistics office, ISTAT.

Hundreds of protesters demonstrated in the Tunisian capital on Wednesday to demand the dismissal from the new coalition government of ministers associated with ousted president Zine al-Abidine Ben Ali.

One in five young Italians, or more than 2 million people, are not studying nor working, the highest percentage of idle youths in the European Union, the national statistics office said on Wednesday.

Construction of new homes in the U.S. fell during December but building permits rose surprisingly, indicating the continued weakness in the housing industry, the Commerce Department said on Wednesday.

Russia's gross domestic product (GDP) is projected to expand 5.4 percent in 2011 and 5.7 percent in the following year, Nordea Bank said on Wednesday.

Germany raised its official growth forecast for 2011 from 1.8 percent projected in October last year to 2.3 percent, signaling Europe's largest economy is poised to drive global recovery this year.

The number of unemployed people in the UK rose by 49,000 to 2.5 million during three months to November, the Office for National Statistics (ONS) said on Wednesday.

As another ongoing victim of the recession and financial imbalances, the struggling, crime-ridden city of Camden, New Jersey prepares to lay off about 25 percent of its work force, including 43 percent of police department and one-third of its firefighters, in order to fix a $26.5-million budget deficit.

Boredom and funny cat photos were catalysts for Ben Huh to create one of the Web's fastest-growing media companies.