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Hu's U.S. visit sets new tone but tensions remain

Chinese President Hu Jintao headed home on Friday after a U.S. visit both sides declared a success, but which left questions over how the world's top two economic powers will manage future frictions.

California’s jobless rate edges up in December; stayed above 12% for all of 2010

The unemployment rate in California trickled up to 12.5 percent in December, from 12.4 percent the prior month – meaning the jobless rate stayed above the 12 percent mark for the entire year, according to the state’s Employment Development Department (EDD).

Recession 'not over' on Main Street amid job losses, fear

Job losses and fear about what lies ahead persists on Main Street America, despite official pronouncements that the 'Great Recession' ended over a year ago, the head of a U.S. mayors group said this week. The group was in Washington to lobby President Obama and federal officials for billions of dollars in grants and investments.

NYC jobless rate dips, but only because more people gave up looking for work

While it’s true that New York City’s unemployment rate declined to its lowest level in more than a year-and-a-half, it’s primarily due to the troubling reality that increasing numbers of people in Gotham have simply given up looking for work.

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New York Jets Hoping For Win, Financial Boost

A New York Jets win this Sunday not only would propel the team to its first Super Bowl appearance since 1969, but could also give the team a boost in revenue while it makes payments on $650-million in debt.

Protests as Tunisia mourns victims of unrest

Anti-government protesters took to the streets on Friday as Tunisia began three days of mourning for the dozens of people killed during the overthrow of president Zine al-Abidine Ben Ali.

Tunisia protests hit economy: IMF spokesman

Economic activity in Tunisia has been hit by recent political turmoil but it is hard to know exactly by how much without a proper assessment, an IMF spokesman said on Thursday.

Fastest Growing Metro Areas for Tech Jobs, Detroit Tops

BMO upgrades two staffing companies - Hudson Highland, On Assignment

BMO Capital Markets upgraded two U.S.-based staffing companies, On Assignment Inc (ASGN) and Hudson Highland Group (HHGP) to 'Outperform' from 'Market Perform.'

China's Hu rapped by Congress, assures U.S. in speech

Chinese President Hu Jintao got an earful of U.S. lawmakers criticism on North Korea and human rights on Thursday, but tried to assure the United States that China's military and trade policies were not a threat.

Stocks edge down, despite benevolent economic data

Stocks closed modestly lower, but well above intra-day lows, as the tech sector incurred the heaviest losses on fears of Chinese interest rate hikes.

Column: China to replace U.S. as top economic power says GE CEO

For Jeff Immelt, the CEO of General Electric (GE.N`), the 130 year-old American industrial behemoth, the financial crisis marked the end of the age of America's economic dominance.

Instant view: Weekly jobless claims fall to 404k

U.S. initial jobless claims fell more than expected last week and showed their biggest decline since February, in a hopeful sign for the U.S. labor market.

Housing and jobs numbers signal firmer economy

U.S. home resales jumped more than expected in December and claims for new jobless claims last week posted their biggest decline in nearly a year, showing two key economic trouble spots on the mend.

Obama pushes Hu on China's currency and rights

President Barack Obama urged Chinese President Hu Jintao to let the value of China's yuan currency rise and delivered a strong message on U.S. concerns over Beijing's human rights record at a summit on Wednesday.

Police fire shots to disperse new Tunis protest

Tunisian police fired shots into the air on Thursday to try to disperse hundreds of protesters demanding that ministers associated with the rule of ousted president Zine al-Abidine Ben Ali leave the government.

Exclusive: Over a million immigrants land U.S. jobs in 2008-10

Over the past two years, as U.S. unemployment remained near double-digit levels and the economy shed jobs in the wake of the financial crisis, over a million foreign-born arrivals to America found work, many illegally.

Home sales surge, jobless claims decline

U.S. home resales jumped more than expected in December despite bad weather as sellers cut prices while jobless claims fell sharply last week, offering some hope for the economy's two key trouble spots.

Job numbers reported under stimulus spending are misleading: LA city controller

Los Angeles city administrative office's (CAO) reporting of job creation and retention numbers under the American Recovery and Reinvestment Act (ARRA) funds could be very misleading, said Wendy Greuel, LA city controller.

Employment to edge up in U.S. cities in 2011: study

Payrolls will grow in almost all U.S. metropolitan areas this year, but the gains will be slight, according to a forecast from IHS Global Insight, Inc. released by the U.S. Conference of Mayors on Wednesday.

Ireland losing 1,000 people a week to emigration

Ireland is losing an estimated 1,000 people a week to emigration with a surge in exports failing to lift prospects for employment, a government-funded research body said on Thursday.

After summit pomp, China's Hu to face US lawmakers

President Hu Jintao on Thursday will try to persuade often hostile U.S. lawmakers that China is a threat-free engine of growth, after a White House summit sought to narrow rifts between the world's top two economies.

Obama pushes Hu on China's currency, rights

Obama presses China's Hu on currency, rights

President Barack Obama pressed Chinese President Hu Jintao on Wednesday to let the value of China's currency rise and delivered a stern message on U.S. concerns over Beijing's human rights record.

Youth unemployment in UK reaches record high

While data this morning from Britain’s Office National Statistics showed that the country’s overall unemployment rate remained unchanged at about 7.9 percent in November, the report revealed something quite unsettling – joblessness among youth jumped to a record high of almost 1-million.