Low-Wage Jobs Replacing Middle-Income Jobs, Report Finds

First the good news: Millions of jobs that were lost during the Great Recession seem to be finally coming back. Now the bad news: Most of those newly created  jobs are low-paying ones in fast-food restaurants, retail stores and temporary administrative services -  industries that are less affected by an economic downturn, according to a new report by the National Employment Law Project, a research and advocacy organization. Today lower-wage industries employ 1.85 million more workers than at the start of the …

Improving Economy? Not for the Long-Term Unemployed

What’s the outlook for people out of work for at least six months? Longer unemployment. Three Princeton University economists examined the status of people who reported they were unemployed for 27 weeks or more between 2008 and 2012 - and then revisited them 15 months later. Only 11 percent had found steady full-time work one year later while 30 percent were still looking. As many as 35 percent had dropped out of the labor force altogether. Another 24 percent were in …

Is It a Good Time to Find Work? Most Say No

How do Americans view today’s job market? Apparently not favorably. In a Gallup poll of 1,048 adults in March, more than two-thirds (68 percent) said now is not a good time to find a quality job. Only about 1 in 4 (28 percent) were positive about the odds of landing a position, the highest measure since the start of the economic downturn in January 2008. >> Sign up for the AARP Money newsletter Older workers were even more pessimistic. Among those …

Pushed Out of the Workplace

Have you ever felt like an employer was holding your age against you? If so, you aren’t alone. In these tough economic times, more and more Americans believe they are facing age-based discrimination at the office. In fact, a 2013 AARP study found that nearly 2 in 3 workers ages 45-74 said they have seen or experienced age discrimination in the workplace. Of those, a whopping 92 percent said it was very or somewhat common. Nearly 20 percent of the …

More Help On The Way for Long-Term Unemployed

More than 300 companies, including  Apple, Walmart, Boeing and eBay, have pledged to help the long-term unemployed find jobs under a new initiative announced by President Barack Obama  today. CEOs of these companies have agreed to review their recruiting practices to make sure they aren’t unfairly screening out those who have been out of work for many months. The commitment comes from more than 80 of the nation’s largest businesses and hundreds of others, including Bank of America, KPMG LLP and …

What’s the Nation’s No. 1 Problem?

It’s the government, stupid. Bill Clinton won a presidential campaign with the motto, “It’s the economy, stupid.” But these days the top issue to most Americans is the government, according to a new Gallup poll.   Some 21 percent of Americans polled in the Jan. 5-8 survey said that the most important problem facing the country today is the government itself - including poor leadership, corruption, abuse of power and general dissatisfaction with Congress and politicians in general. The second most important …