Long Termunemployed

Alan Fromm had a good life: a six-figure salary; a nice house in Plainview, Long Island; a kid in college, and another in high school; a wife who could afford to work only part-time. Then in January 2009, there was a company-wide phone call. Fromm's consulting firm needed to do some cost-cutting, and a sweep of ...

The long-term unemployed represent an immense untapped resource in the U.S. But the U.K. really knows how to tap that resource: Bus them to London to work unpaid at the Queen's Diamond Jubilee; tell them to sleep under London Bridge the night before; make them change into their uniforms in public; force them to ...

New claims for unemployment benefits fell slightly last week, government data on Thursday showed, suggesting that the labor market continues to expand at a moderate pace. Initial claims for state unemployment benefits slipped by 2,000 to a seasonally adjusted 370,000, the Labor Department said. The prior ...