unemployment

Federal Reserve Bank of Chicago President Charles Evans said the drop in the unemployment rate to 8.5 percent may be partially reversed in coming months.

Thousands of military veterans who served in Iraq and Afghanistan are living in New York City with no jobs — when they could be paid for skills learned in the military or be retrained, a U.S. senator said Sunday.

The nation's jobs recovery suffered a setback last week, but quirkiness in the measure of weekly unemployment claims clouded the picture. Americans filing for their first week of unemployment benefits surged last week, the Labor Department said Thursday.

Gordon Brown will warn on Thursday that the world faces youth unemployment of "epidemic proportions", as he urges joint action by the G20 group of developed and developing nations to tackle rising joblessness.

The coalition unveiled plans Thursday to stop handouts for up to three years to jobless who refuse work, in the biggest shake-up in the history of the welfare state, a day after violent protests rocked London.