Tag: Recessions and depressions

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Generation Y

Why young people are saying ‘no’ to the workforce

Luis Mendez, 23, a student at Miami Dade College, left, and Maurice Mike, 23, a student at Florida International University, right, wait in line at an internship job fair held by the Miami Marlins, Wednesday, Oct. 23, 2013, at Marlins Park in Miami. The internships are paid, offer a wide range of job opportunities and begin in January 2014, lasting one year. (AP Photo/Lynne Sladky) by Steve Hargreaves (CNN)—A job used to be the next step after a diploma. But now, young people aren’t in any rush to start working.

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Lifestyle

Poll: Half of older workers delay retirement plans

Graphic designer Tom Sadowski, 65, who delayed his retirement, works from home in Sterling, Va. (AP Photo/Manuel Balce Ceneta) by Matt SedenskyAssociated Press Writer CHICAGO (AP) — Stung by a recession that sapped investments and home values, but expressing widespread job satisfaction, older Americans appear to have accepted the reality of a retirement that comes later in life and no longer represents a complete exit from the workforce. Some 82 percent of working Americans over 50 say it is at least somewhat likely they will work for pay in retirement, according to a poll released Monday by the Associated Press-NORC Center for Public Affairs Research.

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National

Employment gap between rich, poor widest on record

Annette Guerra poses for a photo at her home in San Antonio. Guerra, 33, has been looking for a full-time job for more than a year after finishing nursing school. (AP Photo/Eric Gay)by Hope YenAP Business Writer WASHINGTON (AP) — The gap in employment rates between America’s highest- and lowest-income families has stretched to its widest levels since officials began tracking the data a decade ago, according to an analysis of government data conducted for The Associated Press. Rates of unemployment for the lowest-income families — those earning less than $20,000 — have topped 21 percent, nearly matching the rate for all workers during the 1930s Great Depression.

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National

Dropouts: Discouraged Americans leave labor force

HELP WANTED– This Friday, March 29, 2013 file photo shows a help wanted sign at a barber shop in Richmond, Va. U.S. employers added just 88,000 jobs in March, the fewest in nine months and a sharp retreat after a period of strong hiring. Many discouraged Americans are giving up the job hunt for school, retirement and disability. (AP Photo/Steve Helber, File) by Jesse Washington and Paul Wiseman WASHINGTON (AP) — After a full year of fruitless job hunting, Natasha Baebler just gave up.