Word: joblessness
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...current recession is the longest since WWII and continues for another year, one of its most frightening characteristics is that the number of people whose jobless benefits run out is going to be large and will almost certainly grow substantially beginning relatively soon. This means that even though giving financial support to the unemployed may be an unbelievable expense, it may actually cost more to remove their government safety net and in some cases allow them to become indigent...
...crisis, this is just the right time to keep one’s mind open to unconsidered academic and job possibilities. While not having one’s life plotted out can be terrifying, given economic conditions—663,000 more jobs were cut last month, bringing the jobless rate to a record 8.5 percent—the danger may lie not in planning too little, but too much. According to U.S. Department of Labor estimates, the average American changes careers three to five times in his lifetime, making flexibility imperative. Perhaps it’s time for Harvard...
...nation Organization for Economic Cooperation and Development in Paris, chief economist Klaus Schmidt-Hebbel argues forcefully that governments should do more to retrain workers and overhaul their labor-market policies to ensure that once recovery comes, new jobs are created in sufficient numbers to swiftly bring the jobless rate back down again. But ask him about the German short-work measures, and he's skeptical. "They can't stop rising unemployment," he says, "they just delay it." Indeed, in its latest economic forecast released March 31, the OECD expects unemployment in Germany to rise from its current...
Unemployment Bonus. When you're jobless, you've got the time but not the dough to travel. So Vermont's Rabbit Hill Inn is offering a free two-night getaway, including dinner, breakfast and afternoon tea, to six lucky laid-off workers (must be over 25 years old and have been unemployed for six months) and their guests. The owners' aim is to rejuvenate winners, so they can get back to pavement-pounding with a springier step. Send a letter or an e-mail (info@rabbithillinn.com) by June 1, 2009, explaining your story in one page or less...
...Brendan Burchell, a Cambridge sociologist, presented his analysis based on various surveys conducted across Europe. The data suggest that employed people who feel insecure in their job display similar levels of anxiety and depression as those who are unemployed. But whereas a newly jobless person's mental health may "bottom out" after about six months, and then even begin to improve, the mental state of people who are perpetually worried about losing their job "just continues to deteriorate, getting worse and worse," Burchell says. (See 150 recession-proof jobs...