Word: jobbing
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...just overwhelmingly scary - and there are no resources for spouses." Janosek was able to increase her work hours, and her husband now has some contract work, which has helped - but it hardly solves the problem. "I am still angry about it," she says. (See 10 ways your job will change...
...been laid off since the recession began. In fact, according to recent data, it is likely that more than 2 million American women are married to someone who has been handed a pink slip during this recession. Compare that to the approximately 1.4 million women who have lost a job, and it appears that the majority of women may be experiencing our Great Recession's mass job losses not as a laid-off worker but as the spouse of one. And while a lot of attention has been paid to those who have lost their job - some 75% of whom...
...husband's job loss is a family event that affects everyone - especially spouses, according to Alan Pickman, a psychologist and outplacement specialist with Lee Hecht Harrison as well as the author of The Complete Guide to Outplacement Counseling. While both the husband and wife may struggle with new financial fears and feelings of anger and betrayal, "the spouse's response may be even more intense than it was for the individual male who lost his job," says Pickman. Most experts agree that may be because wives feel powerless - both about the job loss as well as the family's future...
...course, another way to make ends meet is to reduce spending. For Teri Austin, the mother of a newborn when her husband lost his advertising-agency job in February, that means eliminating the family's monthly mortgage payments by selling their Richmond, Va., home and moving into her parents' house near Los Angeles. To make matters worse, their Richmond house has lost so much value, the only option appears to be a short-sell to a bank or foreclosure. (See how Americans are spending...
...economist at the Federal Reserve Bank of Boston, who studied negative equity in Massachusetts during the late 1980s and early 1990s when home prices dropped 23%, argues that most walk-aways are likely driven by the combination of two things: both negative equity and an economic hardship, such as job loss. (See 10 ways your job will change...