News
Recession Briefing 4.20
What you need to know today to survive and thrive in the recession.
Men are bearing the brunt of jobs losses in the U.S., opening up the largest gap in male-female unemployment since records began. Men have lost nearly 80% of the jobs that have been eliminated since the recession began. (Financial Times)
Despite receiving massive bailouts from the government intended to jumpstart lending, the largest banks made or refinanced 23% less in new loans in February than in October. (Huffington Post)
There has been some evidence in the last few months that the housing bust may be nearly finished. Three key pieces of housing-related data coming out this week will provide a reality check. (Washington Post)
Older consumers have become a more coveted target market for advertising from major corporations. The recession makes older consumers who may have paid off mortgages seem a safer bet than younger ones who may get laid off. (New York Times)
Many laid-off folks are turning entrepreneurial and starting small businesses. One in four workers who have not found jobs is considering launching a business, according to a new CareerBuilder.com survey. (USA Today)
There’s plenty of “pessimism porn” about the economy floating around on the Internet. Some pundits are making their name by peddling negative views about where the economy is headed. (ABC News)
While the unemployment rate is at 8.1 percent in New York, there’s still some hiring going on. This chart looks at what jobs are currently on offer. (New York Magazine)
Thew current mix of jobless programs results in laid-off workers receiving uneven benefits. A small portion of unemployed Americans are receiving extra money from a program providing assistance to workers who lose jobs due to international trade shifts. (Wall Street Journal)
What’s the worst that can happen? “Answers to six ridiculously scary (but certainly not ridiculous) questions posed by today’s economy.” (CNN/Money)
Just a year ago, media careers still had clear, relatively linear trajectories. Those days may be over — or at least on hold indefinitely. (The Big Money)
If you come across a good article or blog post about the recession pass it on.
Tags: Discussion
One comment for “Recession Briefing 4.20”
Post a comment
Special Sections
Nice post. It brings a lot of good information together. It surprised me to see how high the numbers are on the first item on the list – Men have lost nearly 80% of the jobs that have been eliminated since the recession began.