Add Yahoo as a preferred source to see more of our stories on Google. The U.S. labor market is officially in free fall. Weekly jobless claims hit 3.3 million last week, smashing all previous records.

Now we are getting the clearest indication yet that we are headed for a jobless recovery. A total of 467,000 jobs were eliminated in June, bringing the jobless rate to 9.5 percent from 9.4 percent in ...

New claims for unemployment benefits have fallen for a third straight week, signaling that layoffs remain historically restrained even as broader measures of joblessness edge higher. The latest ...