Unemployment hit its highest rate since 1983, though the pace of layoffs let up in May. So have we turned a corner in this recession?
Janet Babin reports.
Mixed signals for the job market
The outlook for the U.S. job market remains cloudy, as private sector payrolls expanded in February at the same time that layoffs grew as well, according to two reports released Wednesday.
Income Loss Persists Long After Layoffs
It can take years for income to bounce back after a layoff, and even longer in a recession, if at all, economists say.
CFOs predict more layoffs - survey
Almost three out of five chief financial officers from throughout the world expect future workforce reductions in the recession, which they predict won't abate before next year, according to...
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