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Recession Briefing 7.23

By David Hirschman ⋅ 9:19 am July 23, 2009 ⋅ 2 comments

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

homeless familyThe recession is changing the makeup of homelessness in America to include more families and more people in suburbs and rural areas. (Christian Science Monitor)

How does one sell a $35,000 watch in the middle of this recession? (Wall Street Journal)

Could you live on zero dollars a day? In Utah, a modern-day caveman has lived for the better part of a decade that way. (GQ)

The recession is expected to end sometime this year, but it could take far longer before millions of unemployed Americans notice. See Recessionwire’s recession’s-end trackings. (Washington Post, Recessionwire)

Their job prospects battered by the recession, fewer immigrants are being caught trying to cross illegally into the United States than at any time since the 1970s. (San Jose Mercury News)

In some U.S. states, nearly half of the job seekers who have stopped looking for work have done so because they simply don’t believe they’ll find anything. (U.S. News & World Report)

The recession is making the hunt for a first job tougher for many. (Telegraph)

Recession tip for wives: Lay off your laid-off husband. (U.S. News & World Report)

Nearly a third of the pension plans offered by Fortune 1,000 firms are now frozen, according to a report. (USA Today)

Economic woes, it seems, unleash a hard-wired desire for companionship. Some singles are now hunting for dates with the same fervor others are showing hunting for jobs. (Associated Press)

If you’re strapped for cash on your rent or doggy daycare, you can trade free labor for it. (Recessionwire)

If you come across a good article or blog post about the recession pass it on. To receive Recession Briefing in your inbox, subscribe to our daily email.

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Discussion

2 comments for “Recession Briefing 7.23”

  1. Greatings, http://www.recessionwire.com – da best. Keep it going!
    Thanks

    Posted by Pett | July 24, 2009, 8:12 am
  2. I haven’t had a real job since the Spring of 2003.

    After some part time jobs fell through (one company has less and less work with a corresponding lack of need for extra help, and the other was forced out of business due to lack of work), I’ve given up on trying to find work.

    When I quit looking two years ago, there were at least 300 people applying for every job that wasn’t bagging groceries, etc.

    It’s just not happening.

    I’m trying desperately to start a business with no money.

    Posted by Johann | July 28, 2009, 2:54 pm

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