Recession

  • 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... Continue Reading

  • 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. Continue Reading

  • 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... Continue Reading

  • 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... Continue Reading

  • 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... Continue Reading

  • 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... Continue Reading

  • 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... Continue Reading

  • 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... Continue Reading

  • 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... Continue Reading

  • 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... Continue Reading

  • 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.... Continue Reading

  • 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... Continue Reading

  • 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... Continue Reading

  • 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,... Continue Reading

  • 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... Continue Reading

  • 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... Continue Reading

  • Staying Positive Is Key As Job Market Heats Up In July

    Staying Positive Is Key As Job Market Heats Up In July

    By Jeremy Greenfield and Kyle Stock, Special to AOL Jobs As heat waves blazed through the nation in July, the job economy warmed up a bit too, adding 117,000 non-farm jobs and bringing the unemployment rate down to 9.1%, according to the Bureau of Labor Statistics. It was more than economists expected. The... Continue Reading

  • July Payrolls' Rise Soothes Recession Fears

    July Payrolls' Rise Soothes Recession Fears

    By Lucia Mutikani U.S. job growth accelerated more than expected in July as private employers stepped up hiring, a development that eased fears that the economy was sliding into a fresh recession. Continue Reading

  • Wage Increases for U.S. Workers Not Keeping Up With Inflation

    Wage Increases for U.S. Workers Not Keeping Up With Inflation

    Despite the weak economic recovery, workers are likely to see a pay raise next year -- though a modest one -- a new survey of employers suggests. Employees can expect, on average, base pay to rise 3 percent next year, according to the 2011/2012 U.S. Compensation Planning Survey, released this week by Mercer, a... Continue Reading

  • Why the Wealth Gap for Blacks and Hispanics Continues to Grow

    Why the Wealth Gap for Blacks and Hispanics Continues to Grow

    It's getting worse. The recession has famously taken a toll on blue collar sectors including construction and manufacturing. And the fact that America's minorities have traditionally comprised a large portion of the workers in those realms has made them and their wealth particularly vulnerable. The extent to... Continue Reading

  • The Great Debate: Give the States the Power to Build Jobs

    The Great Debate: Give the States the Power to Build Jobs

    By Muhtar Kent and Ram Charan The opinions expressed are their own. While the long-term fundamentals of our economy remain strong, America is struggling to recover from the Great Recession. With unemployment rising to 9.1 percent in May, we need more jobs, and we need them now. The good news is that we... Continue Reading

  • 'Skills Gap' Leaves Firms Without Worker Pipeline

    'Skills Gap' Leaves Firms Without Worker Pipeline

    By Erika Niedowski PROVIDENCE, R.I. -- John Russo's chemical lab in North Kingstown has been growing in recent years, even despite a deflated economy, and he expects to add another 15 to 20 positions to his 49 employees over the next year. But the president of Ultra Scientific Analytical Solutions has... Continue Reading

  • Patchworking: A Recession-Proof Employment Strategy

    Patchworking: A Recession-Proof Employment Strategy

    Citizens of the world watch with trepidation as European finance ministers and the IMF race to create a bailout program for Greece in order to prevent a default that could trigger a worldwide recession. It is yet another sprint to evade another economic downturn. Continue Reading

  • Is High Unemployment Recession-Proof?

    Is High Unemployment Recession-Proof?

    The direct correlation between unemployment and the great recession may be less than meets the eye, or is commonly perceived, so says a new report. The cause of the near-doubling of national employment in the wake of the financial crisis (from 5.8 percent at the end of 2008 to 9.6 percent at the end of... Continue Reading

  • For Some Long-Term Unemployed, Jobless Benefits May Soon End

    For Some Long-Term Unemployed, Jobless Benefits May Soon End

    As millions of Americans can attest, job loss can be devastating -- especially if it lingers on and on. Three years ago, amid recession, Congress sought to lessen the pain by extending the period that the long-term unemployed could claim benefits to well beyond a year. Come January, however, that provision... Continue Reading

  • The 10 Cities Hit Hardest by Government Layoffs

    The 10 Cities Hit Hardest by Government Layoffs

    Four of the 10 cities whose employment rolls are suffering the most amid a national wave of metropolitan austerity are in California, according to a list compiled by 24/7 Wall St. The Golden State cities are San Francisco, Bakersfield-Delano, Fresno and Stockton. Continue Reading

  • Female Workers Over 55 Hit Hardest by Recession

    Female Workers Over 55 Hit Hardest by Recession

    There might be a good reason that the results of the most recent CareerBuilder survey weren't released until after Mother's Day -- they could have thrown a damper on a lot of celebrations. The study revealed that although 59 percent of workers who were laid off from full-time jobs in the last year reported... Continue Reading

  • Big Business is Not Hiring

    Big Business is Not Hiring

    Don't go looking to big business to lift us out of the fallen job market. Small businesses with fewer than 100 employees are responsible for 2/3 of the additional jobs during a recovery -- the heavy lifting when it comes to job creation is not being done by the big guys who employ tens of thousands. In fact,... Continue Reading

  • Career Lessons From the Recession

    Career Lessons From the Recession

    by Robert Half International If the recent recession left a bad taste in your mouth -- and chances are it did -- remember that every cloud has a silver lining. As painful as it may have been, the downturn gave workers insights into how to stay marketable and maintain professional momentum, even during the... Continue Reading

  • Online Job Opportunities on the Rise Across the Country

    Online Job Opportunities on the Rise Across the Country

    Job seekers may take solace fact that there are a lot more job openings advertised online these days. The number of vacancies advertised online rose 438,000 in January to 4,273,000 according to The Conference Board Help Wanted OnLine (HWOL) Data Series. This increase now offsets approximately 80 percent of... Continue Reading