Money Matters - Simplified


Jobless? You might die early--study

Being jobless is worse than you think. It not only results in loss of income source, but may also increase the risk of premature death, warns a new study.

EEOC probing reports of employers' bias against the jobless

A recent probe initiated by the Equal Employment Opportunities Commission (EEOC) is trying to find out if the unemployed are discriminated against by employers while giving jobs. The advocates for the workers told the commission that there is a bias against the unemployed.

US labour market data for January disappointing

It seems that the United States is still struggling to recover from the economic slowdown. Jobs data for the month of January released this month has come out with disappointing figures. Only 36000 people got a job last month, which experts say is far less than what had been expected.

Spouse Jobless? Here's How to Deal with Negative Emotions

When your spouse loses a job he may become angry, dejected, embarrassed and vindictive. To survive this volatile period it essential that you learn to recognize these negative emotions and come up with strategies to deal with them.

Coping with Unemployed Spouse: Offering Help and Support

Marriage can be a source of strength and support during difficult times, like joblessness. There are many ways in which you can assist your spouse adapt to the condition of being without a job. You can even aid your partner in his job hunt.

Many in ranks of long-term jobless

Washington -- Economists say the United States is at risk of having a large group of the permanently unemployed if the trend of long-term joblessness continues.

U.S. Labor Department data show those who have been laid off less than five weeks have a monthly re-employment rate of 30.7 percent, while only 8.7 percent of those out of work for a year can expect to find new jobs, The New York Times reported Thursday.

At the moment, 6.2 million people have been out of work for at least six months, the cutoff for unemployment to be considered long-term.

Experts say there could be a number of reasons. Those who tend to stay jobless may be poorer employees, and skills and contacts can erode, especially in fast-moving high-tech fields.

Job posting excludes unemployed

Atlanta -- A Florida-based recruiting company said an Atlanta job posting excluding the unemployed is representative of a growing trend among employers.

Orlando-based The People Place posted an opening for a Sony Ericsson marketing position in Atlanta with a note at the end reading: "No unemployed candidates will be considered at all," WXIA-TV, Atlanta, reported Tuesday.

Howard Lawson, a recruiter for The People Place, declined to specifically comment on the posting, but he said there is a "growing trend" of companies seeking to only hire the currently employed.

Hungary's unemployment at 16-year high

Budapest -- Unemployment in Hungary hit a 16-year high of 11.4 percent, the Central Statistical Office reported from Budapest Monday.

The country measures the rate quarterly and the latest results cover December through February for workers age 15-74, the Budapest Business Journal reported.
Unemployment was up from the previous quarter's 10.8 percent and the latest figures came as a surprise to financial analysts, the agency said.

Accordingly, David Nemeth of ING Bank raised his unemployment forecast for the March-April period to increase to 12 percent, the report said. He forecast the rate would ease slightly to between 11 percent and 11.5 percent by the end of the year.

Copyright 2010 United Press International.