Luxury industries took a major hit during the recession, particularly the business of sin. Gambling revenues on the Las Vegas Strip plummeted 14 percent, and casino construction ground to a halt. And although the recession has technically ended, sex is still not selling so well.
The legal brothel industry in... Read More »
NEW YORK -- The suicide rate among middle-aged Americans climbed a startling 28 percent in a decade, a period that included the recession and the mortgage crisis, the government reported Thursday.
The trend was most pronounced among white men and women in that age group. Their suicide rate jumped 40 percent... Read More »
By Vivian Giang
People are voluntarily quitting their jobs at the highest rate since the pre-recession era, according to the Job Openings and Labor Turnover Survey - known as JOLTS -- published by The Bureau of Labor Statistics.
The report says that 2.16 million people quit their jobs in the latest data, which... Read More »
By Charles Riley
The recession in Europe grinds on.
Official European Union figures published Tuesday showed unemployment in the eurozone hit a record high of 12.0% in February, and young people are paying a particularly heavy price. Read More »
America's unemployment rate remains stubbornly high at 7.8 percent, according to the latest Bureau of Labor Statistics, released in December 2012. But that figure represents a vast improvement from the worst of the recession, when the tally stood at 10 percent in October 2009. Read More »
The American economy has been gaining strength for several years, yet we've recovered less than half the jobs we lost. Many say this is because businesses don't want to spend the cash to hire. Others blame it on companies shipping jobs to cheaper hands overseas. But according to an analysis by The Associated... Read More »
Despite a slight drop in the unemployment rate among older workers last month, many are finding that it still takes a long time to find work after being laid off. The length of joblessness among workers 55 and older rose to 52.7 weeks in August, much higher than the 36.1 weeks for younger workers, the Labor... Read More »
Never heard of "job swooshing" before? It's a jobs creation phenomenon that occurs post-recession. Ask anyone who has been in the HR, recruiting and staffing industry for decades and they'll tell you: Job swooshing is the first sign of recovery in the job market. Here's why. Read More »
By 24/7 Wall Street
When the U.S. labor market is discussed, the national figures naturally take center stage. But the job hunt picture across the country can be very different -- not just between states, but from city to city, too. The recent jobs figures for February show a great variation among the... Read More »
The $800 billion American Recovery and Reinvestment Act that President Obama signed into law within weeks of taking office in 2009 has been criticized by some as wasteful government spending and by others as too little to be effective.
When it comes to keeping and creating employment, however, the package... Read More »
How to handle another tough interview question
This question always has you scrambling for an answer, it touches a raw spot and can be humiliating, but you can turn it around by facing and using the facts of the matter. Read More »
By Hope Yen
WASHINGTON (AP) -- Squeezed by a tight job market, young Americans are especially struggling. They have suffered bigger income losses than other age groups and are less likely to be employed than at any time since World War II.
An analysis by the Pew Research Center, released Thursday, details... Read More »
By Pan Pylas
LONDON (AP) -- Optimism over upcoming U.S. jobs figures helped stocks and the euro to rally on Friday despite further evidence that the 17-nation eurozone is heading for recession.
Following a run of fairly strong U.S. economic data, investors are increasingly confident that the world's... Read More »
By Debra Auerbach
The recession changed a lot of things. It changed the way people spend money, the way they save for retirement, the way they invest in stocks. It's also changed the way companies recruit employees. Gone are the days when companies courted prospective employees, hiring managers offered... Read More »
By Martin Crutsinger
WASHINGTON (AP) -- The American economy may not be truly healthy yet, but it's healing.
The 2.8 percent annual growth rate reported Friday for the fourth quarter was the fastest since spring 2010 and was the third straight quarter that growth has accelerated. Read More »
There's a new buzz-phrase making the rounds these days: The death of average. A kid who does decently well in school, and does what she's told, is no longer guaranteed a job. And the average worker who does everything his employer asks shouldn't expect to keep his until retirement.
"The recession is a... Read More »
By Christopher S. Rugaber
WASHINGTON (AP) -- U.S. employers stepped up their hiring in November but pulled back slightly on the number of jobs they advertised.
The mostly favorable report shows companies are gaining more confidence in the economy and filling more of their open positions. It follows other... Read More »