Many people around the world are taking their vacations during this time of the year. Millions of people have come back from their summer vacations. However, millions of American workers refrain from taking vacation this year for the fear of losing their jobs, reports Invertia.

Employers continued to shed jobs and the employment rate continued its long, steep decline across the United States.

This morning the U.S. government reported better than expect job loss data. U.S. employers cut the fewest jobs in July 2009. Nearly 247,000 jobs were cut in July. The U.S. job loss rate dipped to 9.4 percent. Payroll cuts slowed down giving new hope for the economic growth and recovery.

New presidential effort, featured at opportunity.gov, says "unemployed workers receiving unemployment benefits may qualify for a special hand in paying for education and training." Now senator Harkin from Iowa (D) applauds the presidential initiative and urges people of Iowa to take advantage of opportunities provided at opportunity.gov.

In the face of rising unemployment businesses declaring bankruptcy, job loss, a new study has found that losing your job can make you sick. Even when people find a new job quickly, there is an increased risk of developing a new health problem, such as hypertension, heart disease, heart attack, stroke or diabetes as a result of the job loss.

Reports say hundreds of thousands of workers in the U.S. auto industry and auto parts manufacturing are looking for new careers because of layoffs. At the same time, there is a growing shortage of nurses in the health care field. Therefore, the former auto workers receive nursing training by getting various types of nursing degrees.

Unemployment in U.S. Reaches 25-Year High of 8.5%; Payrolls Cut by 663,000. How will the market end based on the employment numbers. In 2009 we have lost 2 million jobs in USA. The only consolation is that these bad numbers reflect the past and were more or less in line with the analyst expectations.

The economy is changing the American family dynamics in one more way as men are losing their jobs and women are stepping up as the breadwinners in their families.

Ex CEO of a hedge fund Ken Karpman describes new life delivering pizza for $7.29 an hour.

The U.S. Department of Labor this morning released the number of people claiming unemployment benefits and insurance, which keeps growing, meaning we are still in recession. The four week moving average of the seasonally adjusted data of weekly unemployment insurance claims is 639,000.

This chart is taken from the Speaker of the House's blog -- a chart showing the job-losses by month in the past two recessions (red=2001, blue=1991) against the current recession.

With hundreds of thousands of people out of work, where do they all turn to? Where can they find employment opportunities when companies are scaling back, reducing their workforce, or shutting down?