Time Magazine’s feature story this week is a sobering report on double digit unemployment. The magazine asks, frighteningly, if double-digit unemployment is here to stay. Economists had long since told us that when growth returned, jobs would return. But now, top labor analysts are wondering whether this truism still rings true. Has something fundamental changed [...]
economic recession
The Labor Department released unemployment numbers for the month of May on Friday, revealing some good news / bad news for the U.S. economy. 345,000 Americans lost their jobs in May — far fewer than experts had predicted. In January, 741,000 Americans were laid off — more than double May’s numbers. The dramatic slowdown in [...]
The New York Times recently ran this insightful piece on how the recession has been impacting former Stay at Home moms. According to the article, about 80 percent of the layoffs in the current recession have been men, forcing a number of once full-time moms to head back to the workplace. Author Eilene Zimmerman interviewed [...]
How bad is the job market where you live? If you have not seen this cool interactive map from the New York Times, you should definitely check it out. Now, if you listen to news at all, you know that unemployment is at a decades-high level, just over 8%. Economists will tell you that if [...]
With the recession reaching record-high proportions, many of the unemployed are turning to retraining rather than resume writing. A story today on CNN’s Money Magazine focused on this growing trend to retrain, especially among the more “mature” worker. If you are considering going back to school after a layoff, here are three questions you should [...]
The news hasn’t been good for weeks, but today America’s job market reached an all-time low. CNN reported this afternoon that 71,400 jobs were lost today. That’s the single highest job loss day since 1945. The companies affected include: – Catepillar, which is cutting 20,000 jobs – Drug-maker Pfizer, which is reducing its workforce by [...]
The current economic recession (or wait, are we calling it a depression now?) has caused forced a lot of retirees to go back to work. The uncle of a friend of mine is 63. He has been retired for a year, but just went back to work last month as a bagger at Trader Joe’s. [...]
