Unemployment in the United States hit 7.2 percent in December, the highest level in 15 years. That is a sharp four-tenths of a percent increase over the prior month.

The recession of the U.S. economy is taking a toll on the unemployment rates of the U.S. private sector. The companies have slashed 250,000 jobs in November only. This means quarter of million people have become jobless, an alarming levels for our ailing economy.

A very disturbing unemployment news is coming from the 4th largest U.S. Bank as Citigroup announces massive layoffs. The news is that Citigroup will have to carry 50,000 job cuts. This is another sign that perhaps we are still at a considerable distance from the economic and financial recovery.

The job losses in October were much "worse than expected." The U.S. unemployment rate has fallen to 14-year low and is jobless rate is at 6.5 percent.

The Dow Jones Industrial Average, a stock market index used to gauge the performance of American stock exchanges, fell 344.65 at the close of trading Thursday. A string of dismal economic news has all but dashed investors' hopes for a late-year recovery. The Dow Jones industrials plunged nearly 350 points.

US employment in the private sector fell by 33,000 in August after a downwardly revised July, according to the ADP employment report released Thursday. The number was below estimations, as analysts were expecting a 25,000 decline in private sector payrolls.

Unemployment rates came out this morning showing that jobless rate has reached to 5.5 percent. Barack Obama released a statement about the Jobless Report calling is "deeply troubling."

An RBC Capital Markets economist says the rise in the national jobless rate is no cause for concern.

The U.S. Labor Department reported Friday that non-farm payrolls in the United States fell by 80,000 in March, the largest decline in five years.

Twenty-thousand new training places will be available to the unemployed from today as part of a plan to increase Australia's skilled workforce.

The number of Americans filing first-time claims for unemployment benefits fell last week, while a less volatile measure of the labor market rose to a 2 1/2-year high.

The number of U.S. workers filing initial claims for unemployment aid climbed 22,000 last week, while the overall number on the benefit rolls hit a 3-1/2 year high a week earlier, the U.S. government said on Thursday.