We expect the President to ask companies to pledge to hire the unemployed. But some hiring managers see a potential risk in hiring someone who's been out of work for a long time.
Many of America's 8 million underemployed are young — of the Millennial generation — and they are just getting by by working several part-time gigs at a time.
New weekly claims for unemployment fell last week to the lowest level in four and a half years. Combined with last week's employment report, the claims data provides evidence of a slowly improving job market.
New weekly claims for unemployment fell last week to the lowest level in four and a half years. Elsewhere around the world, the S&P has downgraded the soveign debt of Spain.
