On the same day that JP Morgan Chase (JPM) announced a $2.1 billion profit in the first quarter of 2009, better jobless numbers were announced, with new claims dropping for the second straight week.

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 number of people filing new jobless claims jumped unexpectedly to the highest level in 26 years, while at the same time the number of those continuing to receive benefits hit a 10th straight record-high.

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

Flex jobs stands for flexible jobs. These are jobs that you can do by telecommuting, from you home, your computer, that does not require you to be in the office from 9 to 5pm. The shrinking and evolving economy makes the flex jobs more popular and sites like flexjobs.com grow and thrive.

Tight labour market regulation increases unemployment all over the world, finds a study of 73 countries by the University of Bath.

The American Recovery and Reinvestment Bill of 2009, also known as the Federal Stimulus Package, signed into law by the President last week includes many enhancements to Oregon’s unemployment insurance system.

California's unemployment rate has reached 10.1%, crossing the double-digit mark for the first time in 25 years.

Even as countries worldwide try to figure out ways to halt the downward slide of their economies, the Dow Jones Industrial Average (DJIA) tumbled 251 points to its lowest close, 7114.78, since Oct. 28, 1997, while the S&P 500 index dropped 26 points to 733.33, its lowest level since April 11, 1997.

While some GOP governors are wrangling and posturing over portions of the stimulus package, in what seems to be an obvious attempt to enhance their position in the 2010 election, Florida governor Charlie Crist has no compunction about taking stimulus money, signing an agreement with the U.S. Department of Labor to increase weekly unemployment benefits by $25 per week.

In late January, New York State (NYS) unemployment hit 7%, as the recession takes its toll. With 25,000 New Yorkers filing new claims for every week, last week state lawmakers agreed to authorize paying out an additional $2 billion this year for unemployment insurance.

According to a Merrill Lynch analyst, the actual unemployment rate, when taking into account those who are "underemployed," is actually 13.9%.