Survey Finds Unemployed 'Traumatized'

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.

Miami tops the latest list

(NEWSER) - Miami and LA might be beautiful places to live—but they’re really terrible places to find work. Those two cities top the list in a new Indeed.com analysis of the worst cities to find employment. Indeed, a job hunting site, compared federal unemployment records with its own job listings to arrive at this list, finding that in Miami there were more than four job seekers per listing, while LA had 3.48. More»

Some 14.4% of 25- to 34-year-olds jobless; many living at home

(NEWSER) - Few Americans were immune to the recession, but the plight of young men continues to be particularly dire. The unemployment rate for male high-school grads ages 25 to 34 is 14.4%, far above the 9% national average; the figure also marks a huge jump from the 6.1% jobless rate they faced before the downturn, the Wall Street Journal reports. Even worse off are high-school educated men ages 20 to 24, who suffer a whopping 22.5% jobless rate. More»

Forecast sees it at 8.6% at end of 2012

(NEWSER) - If President Obama were hoping for a quick election-year turnaround in the jobless rate, the Federal Reserve burst his bubble today. The Fed projected unemployment will be at 8.6% at the end of 2012, not much better than the 9.1% registered in September of this year, reports the Wall Street Journal . The projections don't get remarkably better after that: The Fed sees the rate at 8% by the end of 2013 and 7.7% the following year. More»

...Unless you were a millionaire

(NEWSER) - The Social Security Administration quietly released payroll data for 2010 yesterday, and they were “in a word, awful,” writes David Cay Johnston at Reuters —assuming you’re not a millionaire, that is. The number of people making at least $1 million rose by 20%, jumping from 78,000 to almost 94,000. But for everyone else, there were fewer jobs and they paid less. The median paycheck fell 1.2% to $26,364, or $507 a week, its lowest level, adjusting for inflation, since 1999. More»