Nearly All Who Lost Jobs In The Recession Are Worse Off Now: Poll

Friday, December 2, 2011 Nearly All Who Lost Jobs In The Recession Are Worse Off Now: Poll The economy is technically in recovery, but for a vast number of Americans, things are worse now than they were three years ago. A recent poll of Americans who lost their job during the most intense period of the Great Recession shows that only 7 percent have climbed back to their previous financial position. Three Alleged Mortgage Scammers Arrested In California Many Anxious Americans Won't Shop During Holidays: Poll Christmas Present From Fannie Mae And Freddie Mac: No Foreclosures For Now Jobs Mirage: 315,000 Drop Out Of Workforce, Driving Unemployment Rate To Three-Year Low Occupy Philadelphia Protestors Continue Fight After Eviction BLOG POSTS Jared Bernstein: The November Jobs Report (Updates) Employment was up 120,000 last month and the unemployment rate dropped significantly, to 8.6 percent in November down from 9 percent in October. While the employment story has improved over the past few months, the decline in the November unemployment rate isn't as good as it sounds. There's still a great deal of slack in the job market and we're a long way away from providing job seekers and workers with the job and wage increases they need to get ahead. Outside of the public sector, we're at least moving in the right direction -- but very slowly. Robert Reich: The Jobs Report: Don't Break Out the Champagne What does the new jobs report mean? We're not out of the woods but we might be seeing some daylight. Maybe. Here's what you need to worry about. Sheldon Filger: China's Economy Is Contracting in the Industrial Sector In our integrated global economy, no one is immune to the effects of a legacy of bad economic and fiscal policymaking in Washington and Brussels, least of all Beijing. Frank A. Weil: A Holiday Gift Idea, Worth Sharing If we in America seize the opportunity that is upon us, we can turn coming events to our advantage and actually emerge ahead in the global economic game in the relatively near future. Alice Korngold: The Nonpartisan Agenda of Corporate Social Responsibility Today, companies are engaging with social and environmental causes that align with their corporate purposes. This is corporate social responsibility.

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