Across America today, millions of people are unable to save for even short-term emergencies -- but in some places, people have it worse than others. Business Insider reveals the states where residents are the least able to cope with unexpected money troubles.
By the time we hit the big 3-0, we expect our lives will be on track: Careers under way, finances under control, and perhaps even a partner to share the journey with. But the downturn has knocked millions of early 30-somethings off the track they expected to follow.
Unemployment has been slipping, according to a new U.S. Labor Department report Friday. But what about underemployment? According to a new Gallup poll released Friday, national underemployment averaged 19% last year, and Illinois, California and Michigan had the highest rates.
Americans who are unemployed or underemployed are three times as likely to fall behind on their bills as those who are fully employed, according to a Gallup Poll released Tuesday.
The U.S. is hardly alone in losing work to cheaper skilled labor in foreign countries. Australia, Canada and Israel, among others, have dropped off Gartner's list of the top 30 countries for outsourcing. Here's where IT and business-processing jobs are heading.
If stocks are rising, that should mean the economy is improving. Yet even though the S&P 500 has soared 80% from its March 2009 lows, 70% of Americans don't believe the recession is over. Which side has a firmer grasp of reality?
America is stuck in a job drought -- adding just 71,000 new private sector jobs while shedding 131,000 -- and that will put more pressure on the Fed to stimulate the slack economy. One puzzle: How to create jobs in a period of soaring productivity?
This year looks like it'll be an even worse year to graduate than last year -- and 2009 was dire. A factor keeping young people from decent jobs is older workers delaying retirement due to shrunken nest eggs.
March was a good month for employment growth after all, as the economy added 162,000 nonfarm payroll jobs, the Bureau of Labor Statistics reported Thursday. It was the biggest rise in U.S. employment since March 2007, when the economy added 239,000 jobs.
As the job market stabilizes, many workers are accepting temporary and part-time jobs. Some economists think new full-time jobs are the next step, but deep changes in the economy may mean that millions of workers will remain underemployed for a long time.
Although it seems like toting up the numbers should be fairly straightforward, it turns out to be a complicated calculation, thanks to several inherent difficulties. For starters, unemployment is a snapshot of a moving target.
