China is beset by severe economic problems. Growth has stalled, youth unemployment is at a record high, the housing market is collapsing, and companies are struggling with recurring supply chain headaches.

Official statistics suggest the unemployment rate has barely ticked up since the start of the pandemic, but the data fail to account for large parts of the population

Economists see U.S. growth rebound in second half of year, though GDP is expected to shrink 6.6% in 2020

Weekly jobless claims in the US surge to a record 3.28 million.

Toshiba has announced it will split up its four main businesses into separate wholly owned subsidiaries. The spinoffs will begin in July and 19,000 employees will be transferred to the new companies.

Will there be a trade war? Probably not, because protectionist measures would hurt the US economy and the Chinese are counting on it to be impractical.

Intel is denying that the company is stepping back from wearables, though has not directly commented on the layoff news.

The technology revolution has delivered Google searches, Facebook friends, iPhone apps, Twitter rants and shopping for almost anything on Amazon, all in the past decade and a half. What it hasn't delivered are many jobs.

Five of Samsung Group subsidiaries have slashed about 5,700 jobs so far in 2016 via voluntary retirement programs, according to the units' regulatory filings on Thursday.

Total layoffs could affect more than 14,000 jobs.

Toshiba, reeling from a $1.3 billion accounting scandal, said it intends to ask for a new JPY300 billion ($2.49 billion) credit line by the end of January to fund a large-scale restructuring.

Toshiba is looking to cut up to 7,000 jobs, as it looks to streamline operations in the wake of an accounting scandal, the Nikkei business daily reported.

China's decades-long economic boom, based on manufacturing for export, is now going in reverse. With orders in some Chinese manufacturing industries declining, the country is facing factory closures and massive worker layoffs.

Samsung is targeting workers in the human resources, public relations and finance departments, Korea Economic Daily reported Tuesday, citing people it didn't identify.

Qualcomm is undergoing major restructuring and one side-effect of the overhaul is that some 4,000 jobs might be slashed.

The memo sent to employees by Cypress founder and CEO TJ Rodgers on Wednesday shows plans to lay off about 1,600 workers worldwide with severances over the next three weeks, equally split between the two companies, with all North American employees being notified of their status by Friday.

Intel plans to lay off by end-2013 an undisclosed but "relatively small" number of workers at both of its assembly plants in Malaysia, the US chip maker's regional spokesman said Monday.

The won dropped for a fifth day, the longest run of declines in 10 months, after South Korea's unemployment rate unexpectedly climbed to the highest in a year.

The recession in Europe is entering its fifth year and unemployment doesn't look like it will be returning to normal levels anytime soon.

South Korea's overall unemployment rate remained steady at 3% in December 2012.

Jobless numbers hit a grim record of 18.2 million across the eurozone in August, showing an annual rise of well over two million for the recession-stricken single currency area.

Applications for jobless benefits decreased by 26,000 in the week ended July 7 to 350,000, the fewest since March 2008.

President Obama's visit will highlight the historic public and private investments in new advanced manufacturing, R&D, and education facilities helping to revitalize upstate New York and strategically position the US in the global economy.

Unemployment in the eurozone reached a record high again in March 2012 as spending cuts continued to hit the working population.

Rumored layoffs at Yahoo could offer a clue as to how the company's new CEO, Scott Thompson, plans to redirect the stumbling Internet giant.

IBM fired more than 1,000 workers in North America this week, according to an employee advocacy group.

The US economy created 243,000 jobs in January 2012, the highest total for nine months, official figures show.

Microsoft is making plans for a companywide restructuring of its marketing operations, a move that may include hundreds of job cuts, according to people familiar with the matter.

Unemployment in the eurozone stayed at a record high in November as the impact of the sovereign debt crisis rumbled on, according to official figures.

The United States added 200,000 new jobs last month, the Labor Department said Friday, a robust number that came on the heels of a flurry of heartening economic news.

The US unemployment rate dropped sharply to 8.6% in November, its lowest level in two-and-a-half years, from 9% the month before, official figures show.

Fears about a wave of successive layoffs by semiconductor firms were stoked last week when two chipmakers gave out walking papers.

ING's announcement follows job cuts by other big Dutch lenders. Nationalised Dutch bank ABN Amro is shedding 2,350 jobs as the state readies it for a return to private hands, while Rabobank said it planned 1,200 job cuts to save costs.

American companies have yet another reason not to boost hiring: rising unemployment taxes.

STMicroelectronics is closing one of its semiconductor R&D groups in Longmont, Colo., and laying off 44 people, according to a report by a Colorado newspaper.

Calling for unity and an end to a "political circus" US President Barack Obama told Republicans to immediately pass a US$447 billion jobs plan to jolt the stalled economy and cheer a disillusioned nation.

Facing a frustrated public and a skeptical Congress, President Barack Obama will pitch at least $300 billion in jobs proposals aimed at getting Americans back to work quickly and forcing Republicans to take a share of the responsibility for solving the country's economic woes.

Americans are growing more pessimistic about the economy in the wake of a recession that left a more lasting impression on many families than any other event in the past decade.

The US economy failed to add jobs in August.