The economy's doing better, but unemployment is still at over 8 percent. Lots of jobless workers have turned to federally-funded retraining programs, but as New York Times reporter Motoko Rich reports, funding is running dry.
While the U.S. continues to see optimistic job gains, the situation in Europe is not looking so hopeful. The worst affected group by far are the young.
The head of the White House Council of Economic Advisers talks about the Labor Department's latest employment report, which showed that only 120,000 jobs were created in March.
The Labor Department reports the U.S. economy added 120,000 jobs last month. That was roughly half of what economists had expected, and a significant slowdown compared to the last few months.
This morning, the job placement firm Challenger, Gray & Christmas reported that the number of planned layoffs dropped last month to a 10-month low — a good sign as we await unemployment numbers from the government tomorrow.
The Catholic church in Spain is trying to draw more members to its ranks by promising a "job for life," but that is problematic for a number of reasons.
More than a year after Ireland received a bailout, unemployment in the country has risen to more than 14 percent, and nearly 1,500 people leave the Emerald Isle every week to look for work.
