Menu
Personal finance
Online betting site Intrade abruptly closes

When work bulldozes your personal life

Women getting rejected for mortgages

Gas prices ate into Americans' budgets last month

Job burnout worse for your heart than smoking

Swiss tax-cheat adviser blows his US clients' cover

School loans are just the start for some Ph.D.s

Penn State suspends its contract with Adidas

Even Exxon thinks the US will cut energy use

How much water from Poland Spring is in that bottle?

Looking for tech's future? Watch teenagers

Do you live in a county that's dying?

Why Mila Kunis is hardly a stock market indicator

Matt Lauer hosting 'Jeopardy' could be hazardous

FTC tells celebrity endorsers on Twitter: Disclose all

No Guinness for vegans this St. Patrick's Day

Red Bull is being blackmailed

Lumber finally rises from the forest floor

Applying for Obamacare could be painful

US getting another conservative news channel

Carl's Jr. sticks with its 'indulgent' menu

Which 200 airports will lose their control towers?

How to lose $8 million in 6 minutes

First-class battle over Saturday mail delivery

Time's opus on health care is a surprise hit
What recovery? Many workers still stuck in recession
Those making $35,000 a year or less are not only still feeling the effects of the devastating downturn, but they're unsure if they'll ever pull out of it. A two-part Associated Press-NORC Center for Public Affairs Research survey finds that low-wage workers are feeling worse off now than they were during the recession, while The Wall Street Journal finds unemployed Americans feeling similarly low.


The AP-NORC survey found that half of low-end workers were "not too" or "not at all" confident that their jobs would help them meet their long-term career goals. As its stands, only 41% of workers who have been in dead-end jobs for more than a decade reported ever receiving a promotion.


Their unemployed counterparts, meanwhile, are seeing their jobless benefits shrink from recession-era levels as strapped states cut back. Payouts are shrinking, the length of time unemployed workers are offered benefits is shriveling and alternative options keep disappearing.


Their problems aren't solved by newfound employment, either. Through last month, the U.S. economy had recovered 5.7 million of the 8.7 million jobs shed during the recession. Low-wage jobs are usually the first to come back after a slump, and roughly 65% of the jobs added since the recession officially ended in June 2009 have been the low-wage variety.


Among those holding such jobs, 71% worry about not being able to pay bills, 70% worry about unexpected medical expenses and 53% are still concerned about keeping up with the mortgage. While 44% report that their wages have stagnated over the last five years and 20% say that their pay has dropped, more than half -- 53% -- are far more concerned about losing their job than about their current pay.


A full 74% of low-wage workers said they were satisfied with their job overall, according to an AP survey in September, but that's still well below the 90% of all workers who said the same.


Those without jobs, however, need to convince employers that they're worth hiring. Forty-four percent of employers surveyed said it's tough to find people with the appropriate skills and experience to fill lower-wage jobs, particularly in manufacturing (54%).


While 88% of employers said they were investing in training and education for employees, few low-wage workers were aware of or used such programs. If employers need better workers and their employees need more training, someone needs to step up and start making that connection -- before what feels like a recession actually becomes one again.
Colorado doctors unite against energy companies

Monster Beverage looks for a buzz from food stamps

Hungry for a hit, McDonald's adds McWraps

Real cost of US war with Iraq: $1.7 trillion

This guy spent $45,000 on a marriage proposal

Starbucks' CEO perks up for minimum wage hike

CEO gives workers 'get out of jail free' cards

Violent crime is haunting Mexico's tourism

Invest like Warren Buffett with this app

Peek protection: Now you can block that drone

Jay Leno is no laughing matter for NBC

Are job cuts a myth about Obamacare?

Nike silences naysayers after outstanding quarter

Menu
Are we finally ready for turkey burgers?

Newsroom budget cuts create a downward spiral

Why young Americans are getting poorer

Senator: Should hourly minimum wage be $22?

Cookie hoax: Girl Scouts scammed out of $24,000

NCAA March Madness is no economic slam dunk

Pennsylvania may finally sell its state liquor stores

Lululemon's see-through yoga pants get yanked

The Easter Bunny is getting pinched this year

How ski resorts fend off accident lawsuits

Retirement crisis ahead for boomers and Gen Xers

Soda industry wins support as donations flow

Colorado company: New gun law will make us move

Michael Dell may have another bidder to outdo

What the government wants to take away now

US is still paying Civil War benefits

Here come new whiskey flavors

College won't accept students who need loans

Who's next as a merger frenzy takes off?

Study: Soda really does kill

Dark day for a Chinese solar panel maker

Wal-Mart expands shop-with-iPhone program

Celebrating Passover costs more this year

Meth-contaminated homes are a growing hazard

What recovery? Many workers still stuck in recession