UNEMPLOYMENT

Republican Bob Turner will be sworn in soon to succeed Anthony Weiner in Congress, representing New York’s Ninth Congressional District. He’ll be the first Republican to represent it since Seymour Halpern in the late 1950s.

Republican Bob Turner and New York voters delivered a sharp blow to Democrats and President Barack Obama on Tuesday, as Turner won a special House election in New York in a district where Democrats outnumber Republicans three to one.

Republican leaders have flatly rejected President Barack Obama's proposal to finance his jobs plan with a tax increase on job creators. But is it really? It depends how you define job creators.

Amid presidential election season, Republicans dealt a sharp blow to Democrats Tuesday, as Republican Bob Turner won a special House election in New York. The Republican victory, in the race to fill the seat vacated by scandal-plagued Anthony Weiner, gives Republicans a victory in the district that President Barack Obama won with 55 percent in the 2008 election, and one Democrats have held for four years.

China will keep monetary policy tight to contain inflation while forging ahead with structural reforms and boosting consumption to sustain long-term economic growth, Premier Wen Jiabao said on Wednesday.

The number of the poor in the U.S. has swelled to almost 1 in 6 people last year, attributed mostly to the soaring rate of unemployment, while the number of uninsured rose to 49.9 million, the highest in more than two decades.

The Federal Reserve, facing rising global financial strains and recession fears, is poised to increase downward pressure on longer-term interest rates next week in a bid to accelerate a sputtering U.S. recovery.

The Federal Reserve, facing rising global financial strains and recession fears, is poised to increase downward pressure on longer-term interest rates next week in a bid to accelerate a sputtering U.S. recovery.

With his approval rating at a term-low 40 percent, President Barack Obama needs several factors to break his way to improve his chance for re-election in 2012 -- the most important of which is job growth.

More than 1 in 7 Americans is living in poverty, according to the 2010 Census. But what does it mean to be below the poverty line?

The number of Americans living below the poverty line rose to a record 46 million last year, the government said on Tuesday, underscoring the challenges facing President Barack Obama and Congress as they try to tackle high unemployment and a moribund economy.

The number of Americans living below the poverty line rose to a record 46 million last year, the U.S. government said on Tuesday, underscoring the challenges facing President Barack Obama and Congress as they try to tackle high unemployment and a moribund economy.

In U.S. politics, he who wins the verbal war often wins the political war, and with the aforementioned in mind, the Republicans are ahead.

The jobs cut is the single largest job reduction by a U.S. company this year, and the most since the U.S. Postal Service said last year it wanted to cut an additional 30,000 jobs.

Tough guy and known for his hard-hitting approach towards advocates of crime, Bernard Hogan-Howe yesterday has been appointed as the new Commissioner of the Metropolitan Police Service.

Prospects for job seekers are gloomier in most major economies than they were three months ago, as weak U.S. and European economies begin to affect employers' confidence in other parts of the world, according to a quarterly hiring survey by ManpowerGroup.

Companies that make the gene-sequencing devices used in scientific research face a tough few years as potential cuts to the U.S. federal budget squeeze funding to its main academic and research customers.

On the day President Barack Obama sent his $447 billion jobs bill to Congress in a bid to solve America's unemployment problem, the Bank of America delivered an economic blow -- announcing plans to slash as many as 30,000 jobs.

Facebook co-founder Chris Hughes said a move by North Carolina lawmakers to prohibit gay marriage is bad for business.

Finally, U.S. President Barack Obama is wearing his job, acting and talking with a plan and swagger becoming of his office. After unveiling a massive jobs plan to get America out of its nine percent unemployment and flat growth doldrums late last week, Obama is pushing Congress to get it done or get out of the way so America can get moving again.

Bank of America tried to grow at the peak of the U.S. financial disaster several years ago, acquiring Countrywide Mortgage and Merrill Lynch, the investment bank, but now the Charlotte, N.C.-based company is destined to shrink. The company disclosed plans on Monday to cut 30,000 jobs, as the nation's largest bank tries to cut costs as the U.S. economy continues in a slow-growth, high unemployment mode.