The Labor Department report on Friday was grim: the U.S. lost 598,000 in January and the unemployment rate rose to 7.6%. This is its highest level in more than 16 years.

The Labor Department reported Thursday that the number of laid-off workers seeking unemployment benefits rose last week to a seasonally adjusted 626,000. The prior week's upwardly revised figure was 591,000. Analysts' expectations had been for a total of 583,000.

In its monthly report on U.S. job cuts, outplacement company Challenger, Gray & Christmas said tbat planned layoffs at U.S. firms in January reached a seven year high, showing the recession continues to gain steam.

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?

International Labor Organization, the United Nations labor agency said that in the upcoming months there will be 50 million more unemployed in the world due to the global economic decline.

In a horrific murder-suicide, Ervin Anthony Lupoe shot and killed his wife and five young children, then took his own life Tuesday, in apparent despair after the couple lost their medical technician jobs at Kaiser Permanente in W. Los Angeles.

As unemployment rates reach the highest levels in 16 years, a new analysis from The Commonwealth Fund finds that few laid-off workers—only 9 percent—took up coverage under the Consolidated Omnibus Budget Reconciliation Act (COBRA) in 2006.

Yes, Virginia, it's true. First rumored in early January, but at 3x the number, there are indeed layoffs happening at Microsoft. The number set to join the employment rolls is 5,000, as revealed in Microsoft's earnings statement for fiscal Q2 2009, released before market opening on Thursday.

The times are tough and unemployment is on the rise; as a result spending tendencies are changing. “Pre-paid” is becoming the new must have selling term as consumers run from idea of a monthly contract. This niche is even affecting credit card companies. As a result the U.S. bank has released the Reliacard Visa.

The US Labor Department Jobs Report came our for December showing a sobering loss of yet another 524,000 jobs, which totals 1.9 Million in the year’s final four months since the credit crisis began in September...

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.

Merry Christmas. Now clean out your desk. On Wednesday, Christmas Eve, new government data showed the number of U.S. jobless claims jumped 30,000 to a 26-year high last week.