Word: joblessness
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...that could prove to be a dangerous game since jobless workers are hardly big spenders. "If you really scare consumers," Dudley says, "then you have this whole downward dynamic of job losses leading to lower consumption leading to more job losses." Concurs Shepherdson: "The next stage of getting consumer confidence substantially higher is going to be the struggle against the head wind of rising unemployment...
...YOUR SEVERANCE. With job searches taking just more than three months on average, those with a brief severance period don't have much cushion. But a long severance period can give jobless people a false sense of security. Too often they take what they believe is a well-deserved break from the rat race. Employers are extremely wary of applicants with that kind of gap in their resume. A job seeker is like lettuce to the employer. The fresher you are to the hunt--a week or 10 days off to get the resume tuned up--the better. When...
That bleating camel sometimes known as the U.S. economy kicked a little sand on the resurgent markets Thursday, when the Labor Department reported that weekly jobless claims had notched up again, to 421,000, putting the rolling four-week average at more than 400,000. That's arguably a more recent snapshot of the employment scene than Friday's unemployment figure for April, but it's that number which, judging by volume, the traders had been really waiting on. That number ticked up too, to 4.5 percent for the month...
FROM RICHES With 80% of San Francisco's dotcoms facing extinction, the streets are strewn with jobless techies. Gone are the benefits, the lavish perks and all that money. But also left behind are the endless workdays and job stress...
...With unemployment for 21- to 35-year-olds in the E.U. at 11% as of 1999 - compared to the overall jobless rate of 9.2% - anxiety about getting and keeping any job at all remains high: in the Time poll, 42% of respondents cited unemployment as their chief concern for the future. But young workers today are also better prepared to handle uncertainty. Indeed, in the new economy they embrace it. "My dad worked at BNP all his life. For my generation, the trend is to change jobs frequently," says Benoit Cacheux, 26, a French native who works...