Losing a Job in a Recession Costs $112K

NEW YORK (MainStreet) — Losing a job is never easy, but a new study shows just how much worse it can be in a tough economy. Workers who become unemployed during a recession see their earnings drop by roughly $112,000 over the following 25 years compared to what it would have been, ... Continue Reading

Generation Y Already Worried About Retirement

BOSTON (MainStreet) — Their retirements may be decades away, but 20-somethings are already doubtful they will have enough saved to sustain their golden years. Only 18% of Americans ages 20-29 are confident they will have enough money to live comfortably when they are ready to retire, found a survey by The ... Continue Reading

Like a Rock: Geosciences Offer Recession-Proof Jobs

NEW YORK (MainStreet) — The world’s huge appetite for energy and global industry’s checkered record on cleaning up after itself is actually cause for good news – if you want a career. The Bureau of Labor Statistics predicts a huge growth in geosciences jobs, so how can you make that ... Continue Reading

Joining a Startup: What You Should Know

NEW YORK (MainStreet) — With the U.S. unemployment rate currently a shade over 9% and the “underemployment” rate closer to 20%, jobless Americans can’t be too picky about the jobs they take. But before you jump on a position with a fledgling company, make sure you know what you’re getting ... Continue Reading

Many Job Openings But Few New Hires

The real problem with the economy isn’t that there are too few jobs available, but rather that there are too many. When the recession began in December 2007, there were 4.4 million job openings, but that number dropped to less than 2 million in 2009 as the economy remained sluggish. Now, ... Continue Reading

How Many Jobs Have We Really Lost?

The recession may have ended in June of last year, but the job loss didn’t stop there. Between April 2009 and March 2010, the U.S. lost 2.2 million jobs, according to a report from the Bureau of Labor Statistics.  That number, as CNN Money notes, is actually more than 350,000 higher ... Continue Reading

Workers Find Old Jobs Now Require More Skills

By Christopher S. Rugaber, AP Economics Writer WASHINGTON (AP) — The jobs crisis has brought an unwelcome discovery for many unemployed Americans: Job openings in their old fields exist. Yet they no longer qualify for them. They’re running into a trend that took root during the recession. Companies became more productive by ... Continue Reading

New entrepreneurs can boss their way out of recession

Job hunters unable to find work are increasingly going into business for themselves. With long-term unemployment at a 13-year high and job seekers facing increasing competition for jobs, a growing number of workers who were made redundant during the recession have opted to become their own boss. Official statistics show there ... Continue Reading

Jobs May Take 2 Years to Return

The recession is officially over, but you wouldn’t know it from the state of the job market. The unemployment rate has hovered near 10% throughout the year, and currently sits at 9.6%. There are still more than 6 million Americans who have been unemployed for six months or longer, and millions ... Continue Reading

Recession drives number of career breaks to a record high

The recession is driving more young people than ever to embark on gap years as well as prompting record numbers of working Britons to take sabbaticals and career breaks, according to research from Santander. In the 1970s, around 270,000 people took time out from their careers, a figure which increased to ... Continue Reading

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