We just got the employment report for the month of July. The numbers were somewhat better than Wall Street was expecting on the headline. However, the job and unemployment numbers look pretty weak once you dig into the details.

Budget delays make the governor of California Arnold Schwarzenegger to cut thousands of jobs, make hiring freeze and pay minimum wage to free up money to pay state's bill. California has no budget today. Schwarzenegger signed the executive order in front of cameras to make some extra cash available for the state until the budget is cut hopefully in the next few days.

U.S jobless claims shot up to its highest level in five years with first-time claims of up to 448,000.This unusual surge has been blamed on a new law which extends the number of weeks unemployed U.S. workers can collect jobless benefits.

In a story reported by the Associated Press, which apparently doesn't like bloggers using or linking to their stories (so I won't), it seems the Senate tried to bring up the unemployment benefits extension bill passed by the House last week, but Sen. John Kyl (R-AZ) blocked the move by objecting to Majority Leader Harry Reid's unanimous consent request.

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."

Despite the expectations of post-correction market rally the weaker unemployment report of 49,000 job loss and 5.5 unemployment rate the U.S stock markets point to lower and weaker open this morning comments Alfred E. Goldman, Chief Market Strategist at Wachovia Securities.

Two new studies conducted by researchers at Cincinnati Children’s Hospital Medical Center point to the negative impact of parental job loss on children’s healthcare and the importance of having continuous health insurance coverage to meet children’s healthcare needs and reduce healthcare disparities.

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.

The outlook for American workers became cloudier today as new labor market data showed an economy that appears solidly in recession. Jared Bernstein, senior economist at the Economic Policy Institute flagged the major developments in today’s Jobs Picture.

The tiny, isolated Himalayan nation of Bhutan is experiencing record economic growth. But some experts are concerned about rising rates of unemployment among the country's youth as a growing migrant workforce takes many of the new jobs.

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