Jobs Worries Climb the Economic Ladder

More Workers Anticipate Pay Cuts, Layoffs

For the public, the continuing financial crisis has been overtaken by a jobs crisis. The proportion of Americans citing jobs or unemployment as the nation's most important economic problem has more than quadrupled -- from 10% to 42% -- since early October and job worries now far surpass concerns over the financial crisis.

People's perceptions of the availability of jobs in their areas have worsened as the unemployment rate has increased. Fully 80% ... Full Story »

Posted by Marsha Iverson
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Subjects: U.S., Business
Topics: U.S. Economy
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Posted by: Posted by Marsha Iverson - Feb 12, 2009 - 12:12 PM PST
Edit Lock: This story can be edited
Edited by: Dwight Rousu - Feb 16, 2009 - 7:49 PM PST
Kenneth Sibbett
4.0
by Kenneth Sibbett - Feb. 12, 2009

If all the research is correct, the country is in a very dour mood, especially among the unemployed or the ones looking to lose theres.

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Marsha Iverson
4.3
by Marsha Iverson - Feb. 12, 2009

Detailed--and chilling--report on public perceptions of the financial crisis and ways they anticipate being affected. Based on a Pew survey, the results show a sharp drop in optimism, with the percentage of people who expect some form of loss in income or benefits has jumped 9%, from 35% in January 2008 to 44% currently.

I'm planning to send this to my legislators, and encourage anyone whose legislators persist in delaying and obstructing responsible measures for effective economic recovery.

The survey finds that as many as 40% of Americans have been affected by one or more job problems over the past year, when unemployment, underemployment, layoffs, reductions ... More »

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