job market

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Salaries Down $1,100 for This Year's Grads

Credentialed jobs are faring best in downturn

(Newser) - More bad news for 1.5 million college seniors graduating this year into a tough job market: Less money. The average salary offer to a new recipient of a bachelor's degree is $48,515, down 2.2% from last year's $49,624, says a survey by the National Association of...

Seeking an Edge, Job Seekers Try Plastic Surgery

Some use loans to finance the investment

(Newser) - Job seekers perking up their resumes with literal facelifts are stimulating the plastic surgery industry even in the grip of the recession, Reuters reports. "People cannot only rely on their skills in this market," says a surgeon whose $6,000 facelift option is popular with the unemployed. The...

IBM Slashes 5K US Jobs
 IBM Slashes 5K US Jobs 
Mar 26, 2009 10:08 AM CDT

IBM Slashes 5K US Jobs

Moves many to India

(Newser) - IBM will cut 5,000 US jobs, the Wall Street Journal reports, sending many to India to continue its expansion there and downsizing in the US. The cuts hit IBM’s global business services unit. They stem in part from customers ending contracts and the automation of some work, but...

In Job Hunt, Tech Boosts Old-School Networking

Sites like Monster aren't getting people jobs

(Newser) - The best way to get back into the workforce is both time-tested and cutting-edge: networking. Facebook, LinkedIn, and even Twitter are taking the place of the old-fashioned phone call, Farhad Manjoo writes for Slate: "The most forward-looking job seekers have all but abandoned job-listing sites in favor of...

Europe's New Temp Worker Class Bears Recession Brunt

(Newser) - The new class of temporary workers created by European labor reform is suffering most in the current wave of job cuts, the Wall Street Journal reports, testing the new policies amid the threat of backlash. Short-term employees—easier and cheaper to fire than permanent ones—also get fewer unemployment benefits,...

Recession to Unlock Wave of Ex-Cons
 Recession to Unlock 
 Wave of Ex-Cons 
glossies
Mar 7, 2009 4:54 AM CST

Recession to Unlock Wave of Ex-Cons

(Newser) - Thousands of prisoners around the country will have the recession to thank for setting them free, Ken Steir writes in Time. With California planning to release nearly 160,000 prisoners from under-funded, overcrowded prisons, and other states transferring drug convicts to rehab, the US is likely to see a wave...

Broader Jobless Rate Near 15%
 Broader Jobless 
 Rate Near 15% 
ANALYSIS
Mar 6, 2009 1:04 PM CST

Broader Jobless Rate Near 15%

Economy shedding jobs at fastest rate in 50 years

(Newser) - The February job numbers released today bring the country close to the employment nadir it reached in 1982, David Leonhardt writes for the New York Times. The 651,000 lost jobs, along with 161,000 added in revisions to previous months, still bring a depressing milestone: Since the start of...

Jobless Claims Set Another Record

626,000 claims filed last week, far more than expected

(Newser) - New jobless claims jumped far more than expected last week in an already dismal labor market, and there's no relief in sight for workers as mass layoffs persist. The Labor Department reports that the number of laid-off workers seeking jobless benefits rose last week to 626,000 from the previous...

Bummer Economy? Move Home!
 Bummer Economy? 
 Move Home! 
Jan 13, 2009 2:08 PM CST

Bummer Economy? Move Home!

More adult children are moving in with parents

(Newser) - A bleak job market and skyrocketing rents have college grads—even working adults—boomeranging back to their childhood homes, something that's fast losing its social stigma, the Boston Globe reports. About half of adults ages 18 and 24 live with their parents.

Jobless Whites, Blacks Push Out Immigrant Workers

Tough job market sends foreign-born workers home

(Newser) - Tens of thousands of Hispanic immigrants are leaving the US as out-of-work Americans compete with them for manual labor jobs, the Wall Street Journal reports. Even farms, which once struggled to fill positions, are turning people away because white and black Americans need work. "There is definitely a lot...

Jobless Claims Hit 26-Year High

338,000 more people claimed benefits last week

(Newser) - Some 58,000 jobless Americans filed their first request for unemployment benefits last week, pushing both the number of first-time filers (573,000) and number of people collecting benefits (4.43 million) to 26-year highs, MarketWatch reports. The post-Thanksgiving week is traditionally high in first-time claims, but rapid layoffs and...

Making the Best of a Layoff
 Making the Best of a Layoff 
Dec 6, 2008 9:21 PM CST

Making the Best of a Layoff

Losing a job can open window for 'career makeover'

(Newser) - How to survive a layoff? With more Americans facing that question, Newsweek rounds up some advice from success stories and career counselors. The advice is of the usual sort—take a deep breath to reassess, get some training or more education, and network. But it also notes that community colleges...

Job-Hunting Execs Find It Tight at the Top

Financial crisis leads to surplus of six-figure jobseekers

(Newser) - Laid-off execs scrambling to find new six-figure salaries are facing fierce competition, Time reports. Thousands of high-end white-collar jobs have vanished recently, and many more are expected to go. Some top-level vacancies are still appearing, as execs retire or change jobs, but companies looking to fill their most powerful positions...

Swamped Job Centers 'the ERs of Today's Economy'

Jobless rate at 16-year high; 20M likely to use such programs

(Newser) - With unemployment at 6.5%—a 16-year high—one-stop job centers, the “emergency rooms of today’s economy,” are facing a flood of applicants, the New York Times reports. Some 20 million are likely to use federal employment programs this year, compared to 14 million 3 years ago....

Market Crunch Spanks UK Nannies

Unemployed mom and dad cut child care costs

(Newser) - British nannies are lining up for jobs alongside the bankers and financiers who once employed them, Reuters reports. Renowned as the world's best, Britain's nannies are losing work to the credit crunch that has wiped out US investment banks and rippled through London's financial district, threatening thousands of jobs. Problems...

Staggering Wall Street Job Market Takes Another Big Hit

Banks' collapse means loss of 50,000 more jobs

(Newser) - A Wall Street job market that’s already hemorrhaged 100,000 jobs this year now must steel for the loss of 50,000 more as Lehman Brothers and Merrill Lynch—two of its four pillars—tumble at once. “The resume flow will start today like there's no tomorrow,”...

Tough Times Turn Mean Bosses Even Meaner

Workers fear losing jobs, take abuse

(Newser) - If your boss was a jerk before the economy went south, chances are things have gotten worse. “Employers are definitely getting meaner,” the editor of one career blog tells MSNBC. Knowing that employees may be fearful about leaving in an uncertain job market, the worst managers are pressuring...

Percentage of Working Women in Record Drop

Surprised experts thought 'motherhood movement' caused drop

(Newser) - The percentage of women in the US job market dipped this decade through a period of economic recovery for the first time in 48 years—and the faltering economy is bound to do even more damage, reports the New York Times. Like men, American women are leaving the workplace due...

New Yorkers Bolt for Warmer, Cheaper Atlanta

The city's cheap housing and warm climate attracts northerners

(Newser) - New Yorkers are flocking to the southern climes and cheaper housing of Atlanta, but encountering a range of culture shocks, the New York Sun reports. About 40,000 yanks moved to Atlanta between 2000 and 2005, drawn partly by a booming job market, and now some wonder how to move...

Oil Price Spike Brings Jobs Back to US

Rising costs curb manufacturers' outsourcing

(Newser) - As costs for overseas production and shipping soar, US companies are growing reluctant to outsource manufacturing—and some are even bringing their plants back to America, the Wall Street Journal reports. “In a world of triple-digit oil prices, distance costs money," said an economist. But it’s not...

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