recession

Are Jobless Recoveries Really That Unusual? [Infographic]

Are Jobless Recoveries Really That Unusual? [Infographic]

By economists' determinations, the recent recession the nation endured beginning in December 2007 officially ended in mid-2009. But for many jobless Americans the pain still lingers. More than two years into the rebound, job creation remains tepid, leading some to refer to the current economic situation as a... Read More »

Unemployment Applications Dip But Remain Elevated

Unemployment Applications Dip But Remain Elevated

By Christopher S. Rubager WASHINGTON (AP) -- The number of people applying for unemployment benefits declined slightly last week, leaving applications above levels consistent with a healthy economy. Weekly applications dropped by 6,000 to a seasonally adjusted 403,000, the Labor Department said Thursday.... Read More »

Top 4 Ways To Beat A Recession

Top 4 Ways To Beat A Recession

During periods of recession and rumors of future economic downturns, American workers and families look for ways to survive financially. The following methods have been successful repeatedly in my life and career: Read More »

Layoffs Reach Highest Level In 2 Years

Layoffs Reach Highest Level In 2 Years

Layoffs surged in September to their highest level in two years, a new report shows, as employers cut nearly 116,000 workers last month. Reductions among the ranks of the military accounted for a large portion of September's job cuts, according the report, compiled by Challenger, Gray & Christmas, a... Read More »

The Mancession Has Been Hardest On Women

The Mancession Has Been Hardest On Women

The "Mancession" has been, in many ways, an appropriate moniker for the last few years. With construction and manufacturing -- two male dominated industries -- particularly battered in the recession, 6.1 million men found themselves unemployed, over double the number of women. But new findings from the... Read More »

Ahead Of The Bell: Construction Spending

Ahead Of The Bell: Construction Spending

WASHINGTON (AP) -- Spending on new building projects is expected to have fallen again in August. The consensus forecast is that construction spending fell 0.2 percent, according to a survey of economists by Fact Set. The new report will be released at 10 a.m. Eastern time on Monday. Read More »

Economy Gaining But Not Enough To Cut Unemployment

Economy Gaining But Not Enough To Cut Unemployment

By CHRISTOPHER S. RUGABER and MARTIN CRUTSINGER WASHINGTON (AP) -- The economy is showing signs of modest improvement - not enough to reduce high unemployment but enough to ease fears that another recession might be near. Fewer people applied for unemployment benefits last week, though some of that was due... Read More »

Recession Taking Toll On Young Adults

Recession Taking Toll On Young Adults

By HOPE YEN WASHINGTON (AP) -- Call it the recession's lost generation. In record-setting numbers, young adults struggling to find work are shunning long-distance moves to live with Mom and Dad, delaying marriage and buying fewer homes, often raising kids out of wedlock. They suffer from the highest... Read More »

10 Recession-Proof Jobs That Are Hot Right Now [Infographic]

10 Recession-Proof Jobs That Are Hot Right Now [Infographic]

Very few industries seem to be hiring in this economy, beyond the much-hyped tech sector. However, there are careers -- many of them that pay well -- that are expected to grow by leaps and bounds in the next few years. Not surprisingly, many of the 10 jobs highlighted in the graphic below involve health care... Read More »

Getting Back To Even On Jobs Divides U.S. Leaders

Getting Back To Even On Jobs Divides U.S. Leaders

By TOM RAUM WASHINGTON (AP) -- America's sickly economy can be healed with jobs, jobs and more jobs. On that, everyone agrees. Figuring out how to produce them is what is stumping everyone. Other than letting time take its course, Washington lacks a clear answer on how to create permanent new jobs on a... Read More »

Do Bad Jobs Reports Mean It's Time To Buy Gold?

Do Bad Jobs Reports Mean It's Time To Buy Gold?

Stalling. Flat. Stuck. Those were the words being thrown around after the release of the latest jobs report, with the month of August showing the national unemployment rate at 9.1 percent. The tally has stood above 9 percent since March. With the debt ceiling debate in the rearview mirror, only now is... Read More »

Focus on the Churn, Say Experts, Amid Poor Jobs Report

Focus on the Churn, Say Experts, Amid Poor Jobs Report

By Jeremy Greenfield, Special to AOL Jobs As if hurricanes and earthquakes weren't enough, employers stayed skittish amid a deluge of bad economic news in August, as the economy added no non-farm jobs and the unemployment rate remained at 9.1 percent, according to the Bureau of Labor Statistics. It was less... Read More »

How Men Are Changing What It Means To Be A Man In The Mancession

How Men Are Changing What It Means To Be A Man In The Mancession

What's a man to do? The Great Recession has been much harder on Adam than on Eve, so much so it's come to be identified with the term, "mancession." The unemployment rate has consistently clocked in at a higher rate for men. At the time this past November when it was 10.4 percent for men vs. 8 percent for... Read More »

Verizon Strike Boosts Unemployment Aid Requests

Verizon Strike Boosts Unemployment Aid Requests

By Christopher S. Rugaber WASHINGTON -- Thousands of Verizon workers on strike pushed the number of people seeking unemployment benefits last week to its highest level in a month. But excluding the work stoppage, layoffs likely fell. That should help ease fears that the economy is on the verge of a... Read More »

Unemployment In July Rose In 28 States, Fell In 9

Unemployment In July Rose In 28 States, Fell In 9

By CHRISTOPHER S. RUGABER WASHINGTON (AP) -- Unemployment rates rose in July in more than half the states for the second straight month, evidence that job growth remains weak nationwide. The Labor Department said Friday that unemployment increased in 28 states, fell in nine and remained unchanged in 13.... Read More »

Pope Under Fire From Jobless Spanish Youth

Pope Under Fire From Jobless Spanish Youth

When Pope Benedict XVI landed in Madrid on Thursday, the conversation focused more on the economy than the spirit. His visit is for the Catholic Church's World Youth Day, but it's taken on a weightier significance in a country with over 20 percent unemployment -- the highest in ailing Europe -- and with nearly... Read More »

Are Internships The Golden Ticket Out Of The Recession?

Are Internships The Golden Ticket Out Of The Recession?

What generation has been more devastated by the Great Recession than the one just entering the workforce? Though they have been pilloried for their sense of entitlement, the members of the millennial generation are the envy of no other for the challenges they face in establishing themselves in this... Read More »

Women More Likely Than Men To Live Paycheck To Paycheck

Women More Likely Than Men To Live Paycheck To Paycheck

At least along some measures, the economy is back to its pre-recesssion state. According to a new survey by CareerBuilder, 42 percent of workers report that they usually or always live paycheck to paycheck, falling 1 percent from last year in a return to 2007 levels. The picture is less pretty for women,... Read More »

Job Openings Rose In June, Though Levels Are Low

Job Openings Rose In June, Though Levels Are Low

By CHRISTOPHER S. RUGABER WASHINGTON (AP) -- Employers posted more job openings in June and layoffs fell, a sign that hiring could improve a bit in the coming months. The number of available jobs rose to 3.1 million, up from 3 million in May, the Labor Department said Wednesday. It was the highest total... Read More »

Corporate Profits Surge, Workers' Incomes Slip

Corporate Profits Surge, Workers' Incomes Slip

It's long been true that workers are overdue for a raise. Stagnant wages combined with higher costs of fuel, health care and myriad other necessities mean most workers aren't doing as well as they once did. Companies, however, are going gangbusters. Corporate profits rose to their highest percentage of total... Read More »

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