The International Labor Organization issued a report Monday warning that austerity measures imposed in many countries are hurting the job market, as well as failing to effectively reduce deficits. The major European economies received the brunt of the report's criticism. The report predicts a 3 percent rise in the global unemployment rate for 2012.
Let's stay in China now. With its growing population and economic rise, that country has become the world's largest car market. It's a distinction China has held for several years now. And it's an auto market that's becoming increasingly important to American companies. All that is on display at the Beijing Auto Show, which opened this past week. The big emphasis at the show this year is luxury cars with big chrome grilles and also very big price tags.
Before the soldiers of the 182nd Regiment of the Army National Guard came home, they were asked how many were unemployed or looking for work. The answer: about one in three.
As more soldiers return to civilian life, a civilian job may not be there waiting. Service members with the National Guard have the extra challenge of convincing employers to hire them when they may be called to active duty for a year or more. There are laws designed to protect vets from losing their jobs or promotions because of their service, but it's hard to prove when it happens.
More than a decade after 9/11, heightened security at U.S. airports has become routine, yet some religious and minority groups say they're unfairly singled out for even more screening. Well, now there's an app for that.
The mobile app is called FlyRights. Travelers who suspect they have been profiled take out their smartphone, tap a finger on the app and answer about a dozen questions. Then they hit "submit" and an official complaint is filed immediately with the Transportation Security Administration.
The U.S. economy lost some steam during the first three months of the year. The Commerce Department said Friday that growth slowed to just 2.2 percent, down from 3 percent at the end of last year.
The good news was that the economy continued to grow during the first quarter of the year. But anyone who was waiting for growth to kick into a higher gear was disappointed once again. One reason for that was a slowdown in business investment — companies spent less on new equipment and software even though profits were surprisingly strong.