There’s a lot of talk about how teens and young adults can’t find work. But what about people with years of experience who can’t get hired because they’re “overqualified”? Here are some tips on how to market yourself if you’re one of those experienced but overqualified job seekers.
Interest rates for long-term Spanish bonds have declined even after recent credit downgrades by the three major rating agencies.
While President Obama’s economic approval rating has gone up in the past week, American consumers seemed to be somewhat less optimistic about the economy itself—well, some American consumers, anyway.
As much as one quarter of the drop in the unemployment rate between October 2009 and January 2011 can be attributed to the exhaustion of extended unemployment insurance benefits, according to economists at the Federal Reserve Bank of Chicago.
GDP numbers for the first quarter were disappointing and the Department of Labor reported a 10,000 increase in new claims for unemployment insurance in the latest week.
Although McDonald’s said it would hire 50,000 people in one day, McJob-seekers at 6560 S. Stony Island Ave. did little more than add their applications to a stack more than two feet high.
The U.S. unemployment rate dropped for a fifth straight month in March, but economists caution there are still too many discouraged workers.
Nonfarm payroll employment fell 125,000 in June and the unemployment rate slipped to 9.5 percent, the U.S. Bureau of Labor Statistics said Friday. The decline reflects a 225,000 decrease in the number of temporary workers hired for the 2010 Census.
This graph shows the 4-week moving average of weekly claims since 1971. (Source: www.calculatedriskblog.com)
The good news in the labor market is wearing thin. Numbers for initial jobless claims, released by the Labor Dept. yesterday morning, rose for the second week in a row, this time by 24,000 to 484,000.
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