Great Recession

  • Why Good Middle Class Jobs Are Vanishing, And They're Not Coming Back

    Why Good Middle Class Jobs Are Vanishing, And They're Not Coming Back

    In the U.S., the economic recovery that started in June 2009 has been called the third straight "jobless recovery." But that's a misnomer. The jobs came back after the first two. Continue Reading

  • Why Employers Can't Fill Jobs When Millions Are Unemployed [Infographic]

    Why Employers Can't Fill Jobs When Millions Are Unemployed [Infographic]

    It's one of the strange outcomes of the Great Recession: At a time of high unemployment, when some 12 million Americans are without jobs, some employers are saying that they can't find anyone to hire. There have been lots of explanations for this, from job candidates' lack of cover letters to employers'... Continue Reading

  • 5 Scientifically Proven Ways To Be Happier At Work

    5 Scientifically Proven Ways To Be Happier At Work

    American workers are increasingly miserable on the job. No wonder: Those who survived mass layoffs during the recent recession often were rewarded with more work for the same or less pay. A survey released last fall found that nearly a third (32 percent) of U.S. workers considered quitting their jobs, up 9... Continue Reading

  • U.S. Growth Slowed At Year's Start But Some See Rebound

    U.S. Growth Slowed At Year's Start But Some See Rebound

    By Paul Wiseman and Christopher S. Rugaber WASHINGTON -- Don't panic yet. The government reported Friday that the economy got off to a tepid start this year, but that doesn't foreshadow a repeat of the near-standstill that happened in 2011. "The economy is firmly on a growth trajectory," said Sung Won... Continue Reading

  • Bernanke: Job Market Remains Weak Despite Gains

    Bernanke: Job Market Remains Weak Despite Gains

    By Martin Crutsinger WASHINGTON (AP) -- Ben Bernanke says the job market isn't as strong as the steadily declining unemployment rate might suggest. Responding to questions at a Senate hearing Tuesday, he noted that the unemployment rate doesn't capture the plight of millions of people who have stopped... Continue Reading

  • From Relief To Despair: Varying Views Of Jobs Data

    From Relief To Despair: Varying Views Of Jobs Data

    By Paul Wiseman WASHINGTON (AP) -- Month by month, the U.S. job market is regaining its health. So many jobs are being added that the unemployment rate has dropped for five straight months. At 8.3 percent, it's at a three-year low. Whether the job market actually feels stronger, though, depends on your... Continue Reading

  • Unemployment Benefit Applications Jump To 399,000

    Unemployment Benefit Applications Jump To 399,000

    By Christopher S. Rugaber WASHINGTON (AP) -- Applications for weekly unemployment benefits spiked last week, largely because companies let go of thousands of workers after the holiday season. Weekly applications rose by 24,000 to a seasonally adjusted 399,000, the Labor Department said Thursday. That's... Continue Reading

  • 50 Percent Of U.S. Workers Earned Less Than $26,364 Last Year

    50 Percent Of U.S. Workers Earned Less Than $26,364 Last Year

    By Tom Raum WASHINGTON (AP) -- Fifty percent of U.S. workers earned less than $26,364 last year, reflecting a growing income gap between the nation's rich and poor, the government reported Thursday. There were fewer jobs, and overall pay was trending down - except for the nation's wealthiest. The number of... Continue Reading

  • Is The American Jobs Act A Good Move?

    Is The American Jobs Act A Good Move?

    By Rusty Rueff I have followed with great interest the ongoing political debate about how to fix unemployment and create jobs to stir the economy. I should disclose right up front that I am a supporter and fundraiser for President Obama's reelection and I hope that doesn't disqualify me in other's thinking... Continue Reading

  • Growing Number Of College Graduates Filing For Bankruptcy

    Growing Number Of College Graduates Filing For Bankruptcy

    A growing number of college graduates are filing for bankruptcy, suggesting that an advanced education is no longer the hedge it once used to be in preventing personal financial turmoil, a new report finds. The percentage of college graduates filing for personal bankruptcy rose 20 percent during the last... Continue Reading

  • Lawyer Turns To Stripping To Pay Bills

    Lawyer Turns To Stripping To Pay Bills

    Not all stories about lawyers are jokes anymore. The tried and true reflex of telling quips at the expense of legal set in the face of the seemingly endless profits has been complicated by the reshaping of the field during the Great Recession. With pervasive law school debt and a shrinking legal work force,... Continue Reading

  • 5 Key Points From President Obama's American Jobs Bill Speech

    5 Key Points From President Obama's American Jobs Bill Speech

    On Thursday evening, an impassioned Barack Obama addressed the U.S. Congress to deliver a speech presenting his American Jobs Bill. Long awaited by Americans, the bill aims to simply help America get back to work. National unemployment stands at 9.1 percent, and the monthly figure hasn't been below 8.8... Continue Reading

  • Unemployed Face Tough Competition: Underemployed

    Unemployed Face Tough Competition: Underemployed

    By PAUL WISEMAN and CHRISTOPHER LEONARD WASHINGTON (AP) -- The job market is even worse than the 9.1 percent unemployment rate suggests. America's 14 million unemployed aren't competing just with each other. They must also contend with 8.8 million other people not counted as unemployed - part-timers who... Continue Reading

  • Now Hiring: Score A Job In The Sports Apparel Industry

    Now Hiring: Score A Job In The Sports Apparel Industry

    There's nothing more American than baseball. The sport has been around since before the Civil War, and has always served as a mirror on national life. The fast and loose lifestyle of the roaring 1920s were well evoked by the Black Sox scandal, which saw baseball players taking a dive at the plate. And... Continue Reading

  • 10 Tricks To Landing A Job After The Great Recession

    10 Tricks To Landing A Job After The Great Recession

    Hey people. This isn't your dad's job market, which means that your parents' ways of getting a job just aren't going to cut it. Here's a survival guide for recent and not-so-recent grads on how to land a job. Continue Reading

  • Job Growth Stalls As New Businesses Fail To Take Off

    Job Growth Stalls As New Businesses Fail To Take Off

    By Jeremy Greenfield As the Great Recession gives way to a non-recovery, the American dream of starting a business and making it big is dying -- and with it, the most significant driver of new jobs in the U.S. economy. Continue Reading

  • Generation R: Regrets? They Have a Few

    Generation R: Regrets? They Have a Few

    They're called "Generation R" which stands for 'Recession,' but it could also stand for 'Regrets.' The category includes those who have graduated college between 2006-2010, and the vast majority (71 percent) of them wish they would have done something differently while in college to better prepare for the job... Continue Reading

  • Many Americans Still Struggling; See Education as the Answer

    Many Americans Still Struggling; See Education as the Answer

    Despite signs of recovery from the great recession, four in 10 Americans find themselves living lives of economic struggle, and worry about whether they'll be able to keep a middle-class lifestyle over the long term, according to a new Public Agenda survey funded by the Annie E. Casey Foundation. Surprisingly... Continue Reading

  • You Go Girl! Create Your Own Job Now

    You Go Girl! Create Your Own Job Now

    The Great Recession might be a dark cloud that actually has a silver lining for women who want to create their own jobs and be their own bosses. "There has never been a better time to start a new business," said Karen Terry, a women's business coach and mentor based in Houston. "Many women who work in... Continue Reading