CareerBuilder’s annual job forecast has 36 percent of employers expecting to add full-time, permanent positions in 2015. This year’s outlook is up 24 percent from last year and the best since 2006. Continue reading… “Employment trends for 2015”
Who ends up being long-term unemployed?
The long-term unemployed tend to be people who 1) are a little bit older, and 2) got laid off from their last job.
The economic recovery officially began a little over four years ago. But there are still over four million people who are long-term unemployed. That’s four million people who can’t find work even after looking for six months or more — four million people who can’t even get companies to look at their resumes anymore.
Continue reading… “Who ends up being long-term unemployed?”
Exactly how many college graduates live back at home?
College graduates who are unemployed and have had to move back in with their parents have become a stock figure of the past few years and is helping to cement the Millennials’ reputation as the “Boomerang Generation.” How many of these graduates are returning to live with mom and dad ((or their aunt or uncle)?
Continue reading… “Exactly how many college graduates live back at home?”
86 million Americans are ‘invisibly unemployed’ because they have stopped looking for work altogether
86 million Americans were not counted in the labor force because they didn’t keep up a regular job search.
In the United States there are many more jobless people than you might think there are.
The unemployment rate is falling, but that doesn’t include the millions of nonworking adults who aren’t even looking for a job anymore. And hiring isn’t strong enough to keep up with population growth.
Continue reading… “86 million Americans are ‘invisibly unemployed’ because they have stopped looking for work altogether”
Toughest competition unemployed face is the underemployed
There are 8.8 million part time workers wanting full time jobs.
The unemployment rate in the U.S. is 9.1 percent but the job market is actually worse than that. The 14 million unemployed in the U.S. aren’t just competing with each other they are also competing with the 8.8 million people that are part-timers who want full-time work.
Continue reading… “Toughest competition unemployed face is the underemployed”
For the unemployed, more sleep and tv but also more unpaid work
About 35 percent of time is spent doing unpaid but nonetheless important work, like child-care and housework.
At a time of record-level long-term unemployment the question everyone asks, even the jobless themselves, is what do the unemployed do all day?
Continue reading… “For the unemployed, more sleep and tv but also more unpaid work”
Letters to Santa Show Signs of Economic Woes
Santa Claus and his elves are seeing more heartbreaking letters this year as children cite their parents’ economic troubles in their wish lists.
Continue reading… “Letters to Santa Show Signs of Economic Woes”
Luxury Buying on the Rise Among High Income Households as Unemployed Not Spending
Purchases of TVs, jewelry, recreational vehicles and pet supplies are growing.
Consumers are buying more luxury items but spending remains tight for everyday essentials such as food and dental care, a USA Today analysis finds, suggesting a growing divide between haves and have-nots.Purchases of TVs, jewelry, recreational vehicles and pet supplies are growing robustly, government data show. At the same time, spending on medical care, day care and education is down in the dumps.
Continue reading… “Luxury Buying on the Rise Among High Income Households as Unemployed Not Spending”
18% of U.S. Workers Are Unemployed or Underemployed According to Survey
18% of Americans are unemployed or underemployed.
A Gallup Organization survey shows that 18.4 percent of U.S. workers say they are either unemployed or underemployed, according to a Gallup Organization survey. The running survey of U.S. workers shows 81.6 percent of them have jobs, but the national unemployed/underemployed number has been between the high-teens and 20 percent throughout the year. Gallup surveys 19,800 American workers each month.
Continue reading… “18% of U.S. Workers Are Unemployed or Underemployed According to Survey”
Many Baby Boomers will be Forced to Work Long Into Their Retirement
In the past 5 years, boomers ages 46 to 54 have
seen their average net worth drop 45%
The recession is reshuffling retirement plans for baby boomers — a demographic tsunami, accustomed to setting the agenda, that finds itself scrambling as the oldest boomers turn 64. Only 53 percent of workers 55 and older have even tried to calculate how much they need for retirement, according to a 2010 survey by the Employee Benefit Research Institute, and 29 percent report less than $10,000 in savings and investments. It’s little wonder that just 13 percent said they were confident they had enough to live comfortably in retirement.
Continue reading… “Many Baby Boomers will be Forced to Work Long Into Their Retirement”
How The Day Stacks Up For The Unemployed
Unemployed have picked up other forms of labor
Nearly 1 in 10 members of the American work force are unemployed — a level not seen in 27 years.
Without a paying job, these Americans have picked up other forms of labor: vacuuming the house, sending out résumés, taking classes and caring for family. And the unemployed have more time for leisure and socializing.
Continue reading… “How The Day Stacks Up For The Unemployed”
College Too Expensive? Attend Classes On YouTube
College too expensive? Try YouTube. It might seem counterintuitive to look for higher education alongside Avril Lavigne music videos, but the video-sharing site has become a major reservoir of college content.
Continue reading… “College Too Expensive? Attend Classes On YouTube”