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Posts Tagged ‘Jobs’

Nine Reasons Why This Economy Feels So Bad

Posted by Ram Kumar Shrestha on August 8, 2012

The recent slump has been unusually painful, and the feeble recovery has been disappointing. But today’s economy seems even worse than it actually is.
 
Man holding empty wallet

H. ARMSTRONG ROBERTS / RETROFILE / GETTY IMAGES

Recent U.S. economic troubles are often referred to as the Great Recession, implicitly equating them with conditions during the Great Depression. Yet by many measures the economic deterioration of the past few years is not as serious as in some earlier downturns. The drop in GDP from peak to trough for the 2007-09 recession was indeed severe, 4.7% compared with 3.2% for the 1973-75 recession. Still, it doesn’t begin to compare with the 26% decline of the early 1930s, the 18% of the 1937-38 recession or even the 12% of the often-overlooked 1945 slump. And peak unemployment was higher not only during the Great Depression, but also during the recession of the early 1980s.

Moreover, if you look beyond the national averages, several past recessions have been more destructive in certain specific regions. Rust Belt manufacturing was badly battered in the 1970s – indeed, Detroit and the U.S. auto industry have never fully recovered. And the Oil & Gas business, especially in Texas, needed a long time to bounce back from the 1980s. All things considered, the recent recession may have been worse than average, but it was hardly unprecedented – and nowhere near comparable to what happened in the 1930s. So why do today’s economic troubles seem even worse than they are? Here are nine reasons:

The recovery has been hugely disappointing. Compared with today’s feeble gains, the rebounds that followed the deep recessions of 1973-75 and the early 1980s were robust. Within 18 months, real GDP growth touched 9% and remained well above average for several years. By contrast, the current recovery has failed to get much beyond 4% at best and has averaged less than  2.25% over the three years since the official end of the recession. Read the rest of this entry »

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Your Facebook Profile Can Predict Your Job Performance

Posted by Ram Kumar Shrestha on February 22, 2012

NICHOLAS KAMM/AFP/Getty Images

NICHOLAS KAMM/AFP/GETTY IMAGES
Your profile can say a lot about your job performance.

It can take as little as 10 minutes for someone to go through your Facebook profile and predict how you’ll perform in the workplace.

In a new study to be published in the Journal of Applied Social Psychology, researchers asked a university professor and two students to spend 10 minutes looking through the Facebook profiles of employed college students. They were then asked a series of personality-related questions about those students, like whether they thought the students were dependable or emotionally stable.

(MORE: How Job Candidates Now Resemble Reality-TV Contestants)

Six months later, the researchers obtained performance reviews of those students and compared those reviews with the earlier Facebook evaluations. The result: a high correlation between the perceptions drawn from Facebook profiles and their performance at work. In fact, the Facebook evaluations proved to be more accurate than traditional personality tests companies often use to gauge prospective employees. Read the rest of this entry »

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U.S. Wealth Gap Between Young, Old Is Widest Ever

Posted by Ram Kumar Shrestha on November 7, 2011

WASHINGTON — The wealth gap between younger and older Americans has stretched to the widest on record, worsened by a prolonged economic downturn that has wiped out job opportunities for young adults and saddled them with housing and college debt.

The typical U.S. household headed by a person age 65 or older has a net worth 47 times greater than a household headed by someone under 35, according to an analysis of census data released Monday.

While people typically accumulate assets as they age, this wealth gap is now more than double what it was in 2005 and nearly five times the 10-to-1 disparity a quarter-century ago, after adjusting for inflation.

The analysis by the Pew Research Center reflects the impact of the economic downturn, which has hit young adults particularly hard. More are pursuing college or advanced degrees, taking on debt as they wait for the job market to recover. Others are struggling to pay mortgage costs on homes now worth less than when they were bought in the housing boom.

Read the Article at HuffingtonPost

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Afghanistan: Impact of mission on UK forces’ reputation

Posted by Ram Kumar Shrestha on October 8, 2011

By Caroline Wyatt

British forces became involved in Afghanistan soon after the 9/11 terror attacks in the US in 2001. Few

The Armed Forces' profile and popularity with much of the public have rarely been higher

expected it to last this long.

The Armed Forces’ reputation has paradoxically both suffered and been enhanced by its decade of experience in Afghanistan.

British special forces have more than proved their worth, and British personnel their bravery and willingness to fight, sometimes against overwhelming odds.

But their limits have also been made clear, not least in the size of force the UK has been able to deploy and sustain, or the strains on the RAF’s airbridge – the supply route from the UK to Afghanistan – and its ageing transport fleet, or the lack of enough of the right armoured vehicles or transport helicopters in earlier years.

Tragedies such as the crash of Nimrod XV230, which killed all those on board, focused attention on years of cost-pressures and a culture of “making do”. Questions have also been asked over politicians’ and some of the senior military leadership’s priorities and decisions.

Some commentators have asked whether senior officers and officials should have spoken hard truths unto power at an earlier stage, while others condemn the fitting of a force size to financial limits set down by the Treasury, and a disconnectedness in Whitehall which in turn played out on the ground, despite frequent references to the “comprehensive approach” in Helmand between the military and civilians from the Foreign Office and Department for International Development (DfID).

Rarely has a nation at peace with its neighbours had such battle-hardened young troops, some now returning to Helmand for a third, fourth or fifth tour of duty.

Yet the strains on their families and children back at home have been immense, with some service personnel happy to leave the forces in the current round of redundancies after multiple tours of Iraq and Afghanistan. Read the rest of this entry »

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White House Outlines $467 Billion In Savings To Pay For Jobs Act

Posted by Ram Kumar Shrestha on September 13, 2011


As Americans are facing job problem now it could be better to set immediate package as well parallel with this long term package.
Read the Article at HuffingtonPost

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HSBC To Axe Up To 30,000 Jobs Despite Posting Profits

Posted by Ram Kumar Shrestha on August 1, 2011


Despite announcing pre-tax profits of £7bn for the first half of the year, a three per cent increase on 2010, why to decide 30,000 job cut? Just for more profit?
Read the Article at HuffingtonPost

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PHOTOS: Olympic Medals Unveiled

Posted by Ram Kumar Shrestha on July 31, 2011


Recession could not effect to the Olympic medals then.
Read the Article at HuffingtonPost

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If “America Can Do Whatever We Set Our Mind To,” How Come Our Leaders Won’t Set Their Minds on Jobs?

Posted by Ram Kumar Shrestha on May 10, 2011

Then why not to check their birth certificat­e and citizenshi­p like Obama’s?
Read the Article at HuffingtonPost

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College Graduates Scramble For Full-Time Jobs

Posted by Ram Kumar Shrestha on April 17, 2011


This could be the case from USA, but reflects most of the developed countries’ reality.
Read the Article at HuffingtonPost

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Unemployed Man Offers $25,000 Reward For A Job Lead

Posted by Ram Kumar Shrestha on November 16, 2010


There are lots of Scott Avidons in the world. What about them?
Read the Article at HuffingtonPost

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U.S. Economy Is 11.5 Million Jobs Short, EPI Says (CHART)

Posted by Ram Kumar Shrestha on October 11, 2010


This is good, because still not collapsed.
Read the Article at HuffingtonPost

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11 Countries With The Best Economic Opportunities For Women (PHOTOS)

Posted by Ram Kumar Shrestha on September 29, 2010


What about for men?
http://www.guardian.co.uk/commentisfree/2009/sep/22/angela-merkel-gender-equality
Read the Article at HuffingtonPost

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Since 2009, Unemployed More Likely To Drop Out Of Labor Force Than Get Jobs

Posted by Ram Kumar Shrestha on September 21, 2010


Yes, lots of cases encountered. In developing countries problem due to the lack of social security and in the developed world problem due to social security. Actually not problem due to social security, but misuse of this security.
Read the Article at HuffingtonPost

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