U.S. President-elect Barack Obama says his economic recovery plan is projected to save or create between three and four million jobs by the end of 2010.

There could soon be changes to the $700 billion bailout of the troubled U.S. financial system.

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.

It’s been busy few weeks for the Treasury Department. Since mid-December when we updated you last [1], the bailout kicked into a higher gear, doling out more than $30 billion in celebration of the season of giving (OK, investing [2]). Added to the tally were U.S. auto companies, financial firms like American Express, CIT, and GMAC.

In this week’s weekly address, President-elect Barack Obama lays out the challenges that face us in the new year, and his plan for taking them on.

As the USA opens the first trading day of 2009 and the first trading session the stocks are headed higher. However, the reports show that the manufacturing activity declined around the globe and the Euro fell vs. the U.S. dollar and the Japanese Yen. Oil prices dropped as well.

The cost of living in the United States fell by a record amount in November, as the price of gasoline and other goods dropped sharply as Americans hit by recession cut their demand.

U.S. President-elect Barack Obama says Americans can retake control of their "economic destiny," despite a recession that has cost the country nearly two million jobs.

The U.S. gLabor Department reported that 533,000 jobs were lost in November, a staggering number. Unemployment rose to 6.7%, up from 6.5%.

Big U.S. companies lost 30,000 jobs yesterday. Those are the public companies which had to come clean. Who knows how many jobs were lost at smaller companies. U.S. job loses are mounting fast.

Despite 14-Year Unemployment High, Some US Industries Still Face Worker Shortages; New Study Examines Workforce Strategy for Unemployed and Underemployed Americans. Study Shows Participants in Targeted Job Training Programs Experience Wage Gains, Obtain High-Quality Jobs and Move Out of Poverty.

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.