Celtic Tiger Hangover Pounds Dublin Bars

But most remain upbeat about their future: Pew survey

(NEWSER) - The economy is doing a number on those aged 18 to 34, according to a new survey from the Pew Research Center :

• Half say they have taken a job they didn't want.
• More than a third have gone back to school because of the job market.
• Nearly a quarter have taken unpaid work to gain experience.
• About a quarter have moved back in with the folks.
• More than 1 in 5 have postponed having a baby, and about the same number have put off getting married.

If you look like you snooze, you lose in Dublin

(NEWSER) - Irish welfare officials aren't asleep at the switch—and they've got a wake-up call for their clients. Dubliners have been a bit too chill when they turn up to collect their welfare checks, so the agency is banning pajamas in the office. "Pajamas are not regarded as appropriate attire when attending Community Welfare Service at these offices," says a new standards-setting sign posted at the agency, reports the BBC . The increasing use of pajamas as daywear is alarming officials throughout Ireland, who have begun to ban PJs at Irish schools and shops. Even the US is going to the mattresses over the issue—a Louisiana legislator is proposing making wearing jammies in a public a crime. But Slate doesn't get the hate. More»

More people may be drinking at home: CDC

(NEWSER) - The good news: According to self-reported data, Americans are driving drunk less often. The bad news: It may not be because we're more responsible, but because ... we're broke. The CDC data shows that self-reported drunk driving among adults was down 30% from 161 million instances in 2006 to about 112 million in 2010. Though the reasons are "not well understood," the CDC says the poor economy could be a factor, as more people drink at home. More»

LeHigh warehouse like something out of Grapes of Wrath , Ezra Klein observes

(NEWSER) - In the Grapes of Wrath, the Joad family gets a hard lesson in economics, when they follow a handbill for jobs to California—only to find there are no jobs. Why, he asks, did they put out the handbills? A fellow homeless man replies that if you’ve but one man for a job, you must pay him what he wants. “But s’pose they’s a hundred men wants that job. … Jus’ offer ‘em a nickel—why they’ll kill each other fightin’ for that nickel." One might dismiss that as another time and/or fiction, but Ezra Klein sees a modern example right in Pennsylvania. More»

Economists, builders, mortgage analysts fear 'lost decade'

(NEWSER) - Even more bad economic news from a report released today: Housing prices will remain depressed for years, dropping by an expected 2.5% this year and rising only 1.1% each year through 2015, according to the survey of more than 100 economists. Since the 2005 peak, housing prices have dropped 31.6%, so if this forecast plays out, prices will recover little of what has been lost—leading to what the Wall Street Journal calls a “lost decade.” In order to get the housing market back on its feet, the economy needs to add jobs, but that’s a difficult prospect when the economy, in turn, needs a job boost housing would typically provide. More»