The Labor Department reports that the total number of people receiving unemployment is close to 5 million. Janet Babin reports why even when recovery comes — and it will — unemployment numbers will stay high.

The unemployment rate for baby boomers has doubled over the past year, and those older workers looking for a job again can find it tough to re-enter the market. Nancy Marshall Genzer reports what could be working against boomers' favor.

To cope with the recession, many companies are considering layoffs or pay cuts. But is it better for companies to cut pay or let employees go? Jeremy Hobson reports.

The economic downturn is making American workers more cost-competitive with cheap overseas labor, as keeping it local cuts the overhead expenses of outsourcing. But low U.S. labor costs won't be here forever. Bob Moon reports.

The unemployment call center in Nevada is staying open today to avoid a serious backlog. The state is a hot spot for unemployment and the center has been receiving around 100,000 calls per week. Danielle Karson reports.

The unemployment rate among active-duty veterans coming home from Iraq and Afghanistan is 2% higher than for civilians. We hear from veteran Stephen Kraft, who, despite having a strong resume, is finding it hard to get steady work.

California is hurting in this economy, and Colorado is capitalizing. The Centennial State is mounting a Valentine-themed campaign to lure California companies out of the Golden State. Rob Schmitz reports.

Toyota is offering buyouts to some 18,000 workers and shortening its work week by eight hours at some plants in efforts to cut back U.S. production. Jeremy Hobson reports the automaker is doing everything possible not to lay off workers.

After negotiations yesterday on the stimulus bill, lawmakers plan to try and create or save up to 3.5 million jobs. Construction and government jobs will be the first on the list. Jeremy Hobson reports others may have to wait.