News

Recession Briefing 4.23

What you need to know today to survive and thrive in the recession.

New jobless claims rose last week to 640,000. The number of people staying on jobless benefit rose by 93,000 to 6.14 million, the 12th straight week the figure has set a record. (Bloomberg)

Americans are riding out the recession by staying put. The Census bureau says the number of people who changed residences declined to 35.2 million from March 2007 to March 2008, the lowest number since 1962. (New York Times)

General Electric CEO Jeff Immelt said the global economic crisis has “fundamentally reset” the way companies do business and capitalism itself. (Associated Press)

Some homeowners are taking in roommates to take in some extra monthly cash as the recession deepens. (Chicago Tribune)

Recession advice from the pages of Vogue: Own your own home, have wealthy and influential friends, and lunch with the “normal” people. (Save the Assistants)

Many credit card holders are now struggling to pay even the minimum amounts on their cards, and credit delinquencies are reaching all-time highs. (Washington Post)

David Wessel uses history as a guide to run down three possible scenarios for the economy’s path moving forward. (Wall Street Journal)

Growth industry: Finding jobs for other people can be a career opportunity in itself. (CNN/Money)

Private schools are seeing more financial aid requests as a result of the recession. (New York Daily News)

Need a new outfit for Spring, but can’t afford to splurge? Here are some recession shopping tips for the style-conscious. (Washington Post)

If you come across a good article or blog post about the recession pass it on.

Tags: business, economy, home, layoffs, renters, The Unemployed Life