Economics @ ITT

Most laid-off US workers take pay cuts in new jobs

Posted in economics, employment by ittecon on August 27, 2012

Only 56 percent of Americans laid off from January 2009 through December 2011 had found jobs by the start of this year, the Labor Department said Friday. More than half of them took jobs with lower pay. One-third took pay cuts of 20 percent or more.

via Most laid-off US workers take pay cuts in new jobs | The Ithaca Journal | theithacajournal.com.

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