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Recession's Latest Victim: Maternity Leave

Struggling moms abandon plans for months, years off work with children

(Newser) - Stay-at-home moms are becoming the next casualty of the recession, the Wall Street Journal reports. Women who hoped to take several months or even years of maternity leave are now scrambling to find work or increase their hours as the family finances crumble. One mom-centric staffing agency has seen a...

Laid-Off, Many Turn to Blogging
 Laid-Off, Many Turn to Blogging 
Mar 10, 2009 1:30 PM CDT

Laid-Off, Many Turn to Blogging

Recently laid-off vent, share leads online

(Newser) - As layoffs soar, job seekers are turning to blogs to connect with others in the same boat and share their adventures in unemployment, the Wall Street Journal reports. For many professionals, blogging helps make sense of the sudden changes a layoff brings. "It's difficult to see your own progress,...

Recession Drives Workers to Trucking

Surging unemployment solves industry's chronic struggle to haul in drivers

(Newser) - Hard times have reversed the trucking industry's trouble finding recruits, the Wall Street Journal reports. Applications have surged as workers who once shunned the industry's demanding conditions can no longer afford to be choosy. At the same time the number of trucks on the road has dropped. Firms that once...

Long Work Hours Weaken Mental Skills

Putting in 55 or more hours per week hurts memory, reasoning

(Newser) - Working long hours may weaken mental skills, the BBC reports. Researchers administered a series of reasoning and memory tests to 2,214 British civil servants and found that those working more than 55 hours a week did significantly worse than those who worked around 40. The effect was cumulative, meaning...

10 Best Cities for Small Business
 10 Best Cities 
 for Small Business 
GLOSSIES
Feb 8, 2009 10:59 AM CST

10 Best Cities for Small Business

(Newser) - Despite tough economic times, an analysis of the country’s 100 largest metropolitan areas offers hope for those looking to launch a small business. Portfolio and BizJournals list the cities that are most conducive:
  1. Raleigh, NC: The only market to rank among the top 10 in many key categories—growth,
...

Wall Street's Hottest Jobs? Lehman Bros

Bankruptcy experience is the skill set of the future, execs say

(Newser) - Wall Street's hottest jobs in 2009 are coming from its biggest disaster of 2008—Lehman Brothers, the Wall Street Journal reports. Lehman still has billions of dollars in assets and contracts to untangle and restructure, and Wall Street's legions of laid-off execs are keen to get a piece of the...

The Single Best Question for Job Applicants

Ask applicants what they do when they're not working

(Newser) - Hiring tends to be a total crapshoot, Peter Bregman writes in a Harvard Business Review blog. But you'll get better results if you ask applicants one question: What do you do in your spare time? Hero pilot Chesley Sullenberger flies gliders for fun and used to build intricate models. "...

Jobs to Ditch Before the Recession Does It for You

Auto industry, real estate among worst fields

(Newser) - Want to keep your job this year? Steer clear of these professions, which a new study says will be hard-hit by the recession, Australia's News Network reports:
  • Car salesperson
  • Real estate agent
  • Investment banker
  • Prawn fisherman

Eateries Cut Jobs as Diners Tighten Belts

The industry has shed 66,500 jobs over the past five months as consumers spend less

(Newser) - Restaurant workers are losing their jobs in record numbers as consumers rein in spending and the industry contends with rising ingredient prices, reports the Wall Street Journal. One of the largest US employers, the restaurant industry has been a haven for the unemployed and immigrant workers. Over the past five...

Insurer Leads 259-Point Surge
 Insurer Leads 259-Point Surge 
MARKETS
Dec 5, 2008 3:29 PM CST

Insurer Leads 259-Point Surge

Stocks manage to stay afloat despite terrible jobs report

(Newser) - Stocks rallied at the end of the session today despite a grim November jobs report that showed unemployment rising to 6.7%, MarketWatch reports. Insurer Hartford Financial led financials higher after announcing that its business were doing better than it had expected. The Dow rose 259.18 to close at...

US Jobs Picture Even Worse Than It Looks
 US Jobs Picture
 Even Worse Than It Looks 
ANALYSIS
Dec 5, 2008 1:45 PM CST

US Jobs Picture Even Worse Than It Looks

6.7% unemployment figure doesn't count those not working or looking for work

(Newser) - As bad as today’s jobs report seemed, it actually soft-pedals the US employment situation, David Leonhardt writes in the New York Times. In November, 251,000 workers lost their jobs, driving the unemployment rate to 6.7%. But “unemployed” describes only individuals actively looking for work, and the...

Warning Signs Sink Stocks
 Warning Signs 
 Sink Stocks 
MARKET Open
Dec 3, 2008 8:40 AM CST

Warning Signs Sink Stocks

It's bad, Jim

(Newser) - Stocks took a tumble at the open today, thanks in part to a private report saying the economy shed 250,000 non-governmental jobs last month, and signs of slowing consumer spending. The Wall Street Journal reports that all 30 Dow stocks were trading lower, bringing the index down 145 points,...

US Already a Year Into Recession: Economists

Non-traditional measurement based on employment, other statistics

(Newser) - The US economy has been in a recession since employment peaked in December 2007, a committee of economists declared today. However, MarketWatch notes, the private National Bureau of Economic Research rejects the traditional metric that recession is defined as consecutive quarters of GDP decline, opting instead to look at four...

Avon Looks to Ailing Economy for Growth

(Newser) - Avon's cosmetic-toting army is growing as troubled economic times make door-knocking more attractive to women struggling to make ends meet, reports the Wall Street Journal.  Incentives including price cuts, gas vouchers, and advice from celebrity financier Suze Orman, helped attract 5% more sales reps in the second quarter of...

Unemployment Rate Hits 5-Year High of 6.1%

Factory workers hit hardest as unforeseen fall in jobs stuns economy

(Newser) - Jobless figures came in worse than expected today, sending the unemployment rate to a nearly five-year high of 6.1%, Bloomberg reports. The US lost 84,000 jobs in August, the eighth straight month of declines, raising the specter of a worsening economic slowdown. The jump in unemployment, which was...

Iraq Private Sector Stalls, Public Hiring Fills Gap

Economy driven by single employer sparks financial concerns

(Newser) - With private business slow to take root in post-invasion Iraq, the government is picking up the slack by hiring a vast army of employees, the New York Times reports, creating an economy far different from what the US had foreseen. Government jobs will account for about 35% of employment this...

Dow Enters Bear Market
 Dow Enters Bear Market 
Jul 2, 2008 3:33 PM CDT

Dow Enters Bear Market

Nasdaq also falls more than 20% from its high

(Newser) - Skidding stocks sent the Dow and Nasdaq into bear territory as oil hit a record near $144 a barrel, the Wall Street Journal reports. Besides oil, bad news from GM and weak jobs data darkened the street’s mood. The Dow fell 166.75 points to 11,215.51, down...

Silicon Valley, Big Apple, DC Remain Top US 'Cybercities'

51 of 60 major metro areas found by industry survey to have added tech jobs

(Newser) - Silicon Valley, New York, and Washington, DC, still have the most tech workers among US metro areas, a new report shows. New York has the most techies, but when San Francisco and the greater Bay Area are combined with Silicon Valley, it tops the list, MarketWatch notes. The Valley is...

Teens Struggle in Tight Job Market

Summer work grows rarer in weak economy

(Newser) - The economic downturn has taken a toll on teenagers searching for a summer job, the New York Times reports. With the teen job market at its smallest in decades, less than a third of teens are expected to be employed this summer, says a Northeastern University study—a far cry...

Part-Time Work Jumps 16% as Many Jobs Contract

Some 4.79 million worked part time in February; 1.8 million held two or more jobs

(Newser) - Tough economic times—and a drop in full-time jobs in some sectors—are pushing more people into part-time work, the Wall Street Journal reports. The Labor Department says 16% more workers—some 4.79 million people—are working part-time jobs this year than last, the highest total since 1993.

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