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Unemployment
Front Page: Unemployment Might Create a Lost Generation
- The job crisis is hitting young people just out of college especially hard, which could have a long-term negative impact on an entire generation. — Business Week
- American Elinor Ostrom has become the first woman to win the Nobel prize for economics. — BBC News
- Iraq's National Theater has opened again for the first time in six years, as nightlife begins to return to Baghdad.
Ask Savvy: My Best Friend Won't Stop Talking About Her Job
Dear Savvy,
I've been unemployed for a couple months and am trying to stay positive, but I find it difficult when my best friend constantly talks about how busy she is at work. It's the first thing out of her mouth every time we talk, and it seems like her job is all she wants to talk about. I'm typically very supportive of her career, but she's bringing up her job more than ever at a time when I'm working my butt off trying to find a job that will pay the bills.
Front Page: US Job Losses Finally Slow Down
- The pace of US job losses finally appears to be slowing down. — Washington Post
- Some economists say that the latest economic numbers, including lower-than-expected job losses, are partially due to the stimulus bill. — NY Times
- A pro-Georgia blogger thinks that he was the target of the the cyberattack that brought down Twitter yesterday.
Unemployed People Do Two More Hours of Housework Per Day
It's obvious to say the unemployed population has more time on their hands because they're not spending their days in offices. The American Time Use Survey asked thousands of employed and unemployed people to learn more about the differences in time spent by these two groups. Below are some of the survey's conclusions.
Which States Have the Highest and Lowest Unemployment Rates?
The June unemployment data was released last week. Some numbers were up, but others were down and 15 states crossed the 10 percent threshold. It's striking how much the rates can vary from one state to the next.
Yoga Retreat Work-Exchanges Filling Up During Hard Times
You might wish you had the ability to hibernate when you're handed a pink slip; that's not entirely possible, but some people are finding solace by turning to yoga retreats with work-study arrangements. In exchange for $300 to $900 a month, a few daily hours of chores like cooking, washing dishes, cleaning rooms or weeding gardens, participants receive a room, three meals a day, and unlimited access to classes and events. The retreats can last for a month, a few months, a year, and sometimes more.
Do You Know More Unemployed Men or Women?
The June unemployment rate for men was 10.6 percent and the women’s rate came in at 8.3 percent. According to Sophia Koropeckyj, an economist with Moody’s Economy.com, "The gap between female and male unemployment has never been as large as it is now." Do the numbers mesh with the jobless folks you know?
Front Page: US Unemployment Jumps to New High
- The US unemployment rate rose to 9.5 percent last month. That's the highest rate since August 1983. — New York Times
- Matt Lauer took a tour of the Neverland Ranch this morning on the Today Show.
Front Page: US Unemployment Rate Jumps to 9.4%
- US unemployment has jumped to 9.4 percent, after 345,000 jobs were lost in May. Sorry, the recession's not over yet. — New York Times
- President Obama is in Germany, where he visited a Nazi concentration camp in Buchenwald.
Your Two Cents: Is Work the New Luxury?
Forbes recently called out the classic black suit as "back in fashion for women" in regard to the best interview attire. I'm pretty sure the word "classic" implies that something is timeless, but that is neither here nor there. I'm more interested in the way Forbes classifies work today.
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