EconomPic: Jobs Data Disappoints
These charts are so scary I’ve decided to not reproduce them on my website. You’ll have to click on the link for these scary charts.
And for the record, I have never understood or agreed with the concept of a “jobless” recovery.
The New Republic: Reality For The Unemployed : NPR
Of the 908-person sample, 67 percent remained unemployed but were still looking for work, and an additional 12 percent had given up and dropped out of the labor force. Only 21 percent had found jobs (only 13 percent full-time) and were currently employed. A stunning 28 percent of the newly reemployed had been looking for work for more than one year, and 6 percent for more than two years. Fifty-five percent accepted a pay cut in their new jobs; 13 percent took a cut larger than one-third of their previous salary.
Women (26 percent newly employed) did somewhat better than men (18 percent). Surprisingly, young adults (29 percent newly employed) did better than 30 to 49-year olds (21 percent). Not surprisingly, this is a terrible time to be over 50 and out of work: Only 12 percent of these older workers had managed to find jobs.
Update: S&P warns on commercial real estate – Street Sweep: Fortune’s Wall Street Blog
Standard & Poor’s downgraded three insurance companies, including Principal Financial (PFG), citing expected losses on commercial mortgages and commercial mortgage-backed securities, or CMBS.
I made a new friend the other day. While catching up on my non-book reading I came across a manifesto from http://changethis.com/ with the title Get a Life, Not a Job. My curiosity took hold; I thought this short essay might help me figure out where I’m headed in my life and career, so I read it. Then I contacted the author to tell her how much I liked her manifesto. Now we’ve connected on LinkedIn and I’ve made a new friend.
My new friend’s name is Paula Caligiuri. The following bio comes from her website:
Paula Caligiuri, Ph.D. is a work psychologist dedicated to helping people navigate the professional and personal challenges associated with their careers. She is the author of several books including Get a Life, Not a Job: Do What You Love and Let Your Talents Work for You, which FT Press will publish in April 2010, and the career blog. Dr. Caligiuri is a frequent contributor to CNN on career and management topics and has completed a pilot for a television show, CareerWATCH.
Dr. Caligiuri is also a Professor in the Human Resource Management Department at Rutgers University, where she teaches courses in career management and global human resources at the masters, PhD, and executive levels. She is an internationally recognized expert on global careers and strategic human resource management. She has lectured in numerous universities and has been a speaker for many major corporations in the United States, Asia, and Europe.
As a consultant, Dr. Caligiuri is the President of Caligiuri and Associates, Inc., a consulting firm that advises leading global organizations on ways to ensure the success of their internationally-oriented talent through assessment, training, and development.
Dr. Caligiuri holds a M.S. and Ph.D. from Penn State University in industrial and organizational psychology.
The book should be an awesome read. You can get a copy of Paula’s manifesto by clicking the link below. I’ve also added a link to her website on my sidebar. I get a steady stream of visitors to my site who are looking for work. I do hope you find or create what you are looking for.
I’ll be in San Antonio for the annual AHOU meeting.
I’m looking forward to seeing how the city has changed since my last visit.
Who’s creating US jobs? Mexicans. / The Christian Science Monitor – CSMonitor.com
“In fiscal year 2008, the US issued E-1 and E-2 visas to 1901 Mexicans and their families, nearly three times the level of a decade before. “
Where are all of these Mexican immigrant investors going? San Antonio!
Examiner’s Report – Lehman Brothers Holdings Inc. Chapter 11 Proceedings
The Lehman Brothers Holdings Inc. Chapter 11 Proceedings Examiner’s Report can accessed through the link above.
While not exactly insurance or underwriting related I’m posting a link as a public service for readers who may be interested in downloading and reading some, or all, of this report.
Kansas City to Close Nearly Half Its Schools – NYTimes.com
I haven’t been posting any Scary Charts recently because there are too many of them.
Then I came across this article in the NYT.
lifeunderwriter.net 
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