Screwed: 1,019 in Long Beach Unified School District

A daily review of the employment fallout around the country and the world.

Today’s Total: 1,338

The Long Beach Unified School District this week starting giving layoff warning notices to 1,019 employees, mostly teachers…The Pasadena Unified School District is cutting more than 164 jobs to help close a huge budget gap…

Recession Briefing: Some Construction Unemployment at 30 Percent

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

No industry has taken it more on the chin than construction. Nationally, unemployment fell to 9.7% in January, but in construction it jumped to 24.7% from 18.7% in October. In many regions, union officials report 30% of their members are unemployed or “riding the bench.” (Time)

For the first time in recorded history, women outnumber men on the nation’s payrolls. This benchmark is bittersweet, as it comes largely at men’s expense — because men have been losing their jobs faster than women. (New York Times)

More prosperous American shoppers seem to be defying continuing high unemployment levels and economic uncertainty to renew their spending on luxuries such as jewelery, fashion and cosmetics. (Financial Times)…

Recession Briefing 12.31: Brits Move Back Home

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

Nearly 500,000 British adults aged 35 to 44 moved back into their parents’ home in the past year. Devastated by the recession and rising rates of relationship breakdown, many had no option but to return to mother. (Daily Mail)

Companies in the U.S. expanded in December at the fastest pace in almost four years, signaling the economic recovery is gaining speed heading into 2010. (Bloomberg)

Employers say they plan to tread carefully in the coming year, and those that are hiring say they will wait until the second half to fill jobs. (Los Angeles Times)

One Quick Look Back at a Tough Year

Did you ever think you’d talk so much about “sub-prime” and “stimulus”? Learn so many new, made-up terms, from “funemployment” to “collateralized debt obligations”? No doubt about it, 2009 was The Year of the Recession.

We dropped into the technical range for “recession” in December 2007, but it took months for all of the pieces to fall. In September 2008, Wall Street came to a standstill, and by the new year, it was still recovering. Layoffs spread through every sector of the economy at a rapid pace. For the first time since the Depression, no one no matter how rich or established was immune to the creeping clutch of joblessness, portfolio deflation, or even homelessness.

The headlines in our daily Recession Briefing, along with the personal experiences tracked on Recessionwire, revealed a new world en recession:…

Even though we dropped into the technical range for “recession” in December 2007, it took months for all of the pieces to fall. In September 2008, Wall Street came to a standstill, and by the new year, it was still recovering and layoffs were spreading through every sector of the economy at a rapid pace. For the first time since the Depression, no one no matter how rich or established was immune to the creeping clutch of joblessness, portfolio deflation, or even homelessness.

The headlines in our daily Recession Briefing, along with the personal experiences tracked on Recessionwire, revealed a new world en recession:…

Recession Briefing 12.28: Downturn Upends Courts

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

New York State’s courts are closing the year with 4.7 million cases — the highest tally ever — and new statistics suggest that courtrooms are now seeing the delayed result of the country’s economic collapse. (New York Times)

After a year of observing their parents pinch pennies and fret about the economy, the nation’s teenagers may be coming to grips with reality. Sales are down sharply in recent months at nearly every major retail chain catering to teenagers, and interviews with teenagers suggest that the reasons go beyond their own difficulty finding part-time jobs. (New York Times)

Economist Paul Krugman said on Sunday that there’s a “reasonably high chance” the economy will contract in the second half of next year. (ABC via Huffington Post)…

Skipping Christmas Showed Me the Holiday Spirit

I am a Christmas nut, a secret Santa, a baker, an opulent tree decorator, keeper of the flame from three generations of Italian daughters. So it surprised the Dickens out of my family when I announced in 2008: “I NEED to skip Christmas!”

So that I am not labeled the Grinch, realize that my kids were 20 and 24. They were, I believe, secretly overjoyed to go skiing and shuffle off to visit a roommate in Mexico City. But I had embraced Christmas so hard, for so long, that every member of the family questioned me vigorously: Did I really mean this? Would I be OK with just dad and the cats? Really–no tree, no nutcrackers, no greens, no wreath? …

Talking Money with Family at the Holidays

Whether this is your first holiday as an independent adult or the cord has long been cut, it’s only natural for parents to nag about finances when everyone’s together. Expect it. No matter your age, you’re still a child to them. But, your goal should be to show them that you’re not the same crazy kid who once blew a semester’s worth of babysitting money on trucker hats (and worse, considered it a fashion “investment”).

We’re talking about showing them financial maturity, which is comprised of three things:

• Awareness (having a plan and knowing where your money goes)
• Boundaries (sticking to your plan even under pressure)
• Responsibility (not sacrificing the future for the impulse of the moment)

Within that framework, here are six holiday dos and don’ts to help you be financially mature and demonstrate your status as a blooming money maven:…

All They Want for Christmas

The Black Friday shopping rush may be over, but if you’re like millions of people you’re probably still struggling with what to get the most difficult friends and family members in your life—your hippie aunt, your banker brother, your unemployed best friend. Choosing the right gift can be tricky business. Spend too much, and you’re flaunting your wealth. Spend too little, and you’re seen as cheap.

As you enter the home stretch of holiday shopping, let the recession be your guide: Recession-themed gifts are cheap (we’re still in an economic downturn, after all), they’re timely (what better exemplifies 2009 than the recession?), and they’re usually good for at least a chuckle—just so long as you have a little fun with it. After the jump, we’ve put together a roundup of our favorite cheap, chic, gift-giving strategies perfect for this holiday season…

Recession Briefing 11.30: Is Anyone Not on Food Stamps?

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

With food stamp use at record highs and climbing every month, a program once scorned as a failed welfare scheme now helps feed one in eight Americans and one in four children. (New York Times)

“If the United States succumbs to a fiscal crisis, as an increasing number of economic experts fear it may,” writes Niall Ferguson, “then the entire balance of global economic power could shift.” (Newsweek)

Growing ranks of U.S. citizens are heading to street corners and home improvement store parking lots to find day-labor work usually done by illegal immigrants. (USA Today)…

Lemonade Maker: April McCray, from Real Estate to Cardboard Houses

Two years ago, April McCray, 38, got the feeling it was time to change careers. She’d been helping sell homes for a real estate developer in Palm Springs, California, but the market was fizzling and sales were getting scarce. She and her husband took their savings and started Color Me House, which makes cardboard forts for kids. She talked to us about how she came up with the idea, why they moved in with his parents, and how she got her products into Costco.

Did you quit your job or were you laid off?
My job pretty much quit itself. The builders were letting everyone go. People weren’t closing. I knew in three months there would be nothing left to be made. I’d left the office and was looking for a new place to go, but everywhere I went there was nothing. I knew that I was not a desired commodity any more and I was going to have to recreate yourself…