U.S. pace of job losses slows down in April

WASHINGTON, May 8 (Xinhua) -- Pace of job losses in
the United States slowed down in April to 539,000, while jobless rate rose to
8.9 percent, the Labor Department reported Friday.

Unemployment, a real stress test for
U.S. economy

BEIJING, April 29 (Xinhua) -- The news of further layoffs
by big companies and the increasing concern about swine flu are casting new
shadows over the U.S. economy. As new college graduates are pouring into the
labor market, job creation becomes a real "Stress Test" for the U.S. government.
Full story

U.S. unemployment rate may reach 10%,
labor market expert warns

CHICAGO, April 9 (Xinhua) -- The U.S. unemployment will
continue to get worse and the rate of unemployment may reach 10 percent this
year, a U.S. labor market expert has predicted.

In an exclusive interview with Xinhua this week in
downtown Chicago, John A. Challenger, Chief Executive Officer of the Challenger,
Gray and Christmas Inc., said: "We haven't seen unemployment rate at this level
in 25 years and it looks like the rate will continue to get worse before it gets
better, so we may see an unemployment rate of 10 percent this year." Full story

U.S. unemployment rate rises to 8.5%
in March

WASHINGTON, April 3 (Xinhua) -- The unemployment rate in
the United States rose to 8.5 percent, the highest level since late 1983, as
employers slashed 663,000 jobs in March, the Labor Department reported Friday.

The March reading for unemployment rate matched analysts'
expectations but was above the 8.1 percent jobless rate in February, when
employers eliminated 651,000 jobs. Full story

More than 3,700 unemployed flock to
New York job fair

NEW YORK, March 5 (Xinhua) -- More than 3700 unemployed
people flocked to a job fair in New York Thursday.

The fair, sponsored by jobs Web site Monster.com, was one
of a string of huge career expos held in New York in the past couple of months.
Full story

Special
Report: Global Financial Crisis