STAFF BLOG TWIN PORTS BUSINESS Most long-term jobless are baby boomers
You may have read recent reports about the growing ranks of the long-term unemployment, even though overall jobless numbers are improving.
Nearly half (46 percent) of the long-term unemployed in the c... Posted on 6/8/10 at 8:16 AM
PROSPER, Texas (AP) — Advised by a Walgreens superior that a promotion was "very highly likely" if he transferred to the drugstore chain's Dallas division, Chris Cummings uprooted his family and bought a spacious house in this hopefully named suburb. But instead of a promotion, the company for which Cummings had been an assistant manager three and a half years cut his hours so drastically that he had to take a second job. In March, he was laid off, and his part-time second job became full-time.
Allen G. Breed and Rich Matthews, Associated Press Writers
, June 06, 2010
Despite months of warning signs, state and federal officials are just now mulling ways to repel an almost certain recession. But there’s an explanation for their lack of foresight. It’s called Wall Street, and it doesn’t make sense.
January 24, 2008
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