The U.S. economic recovery hasn't felt like one even for people who managed to find new jobs after being laid off. Most of them have had to settle for less pay.
By Christopher S. Rugaber|August 24, 2012 at 07:46 AM
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WASHINGTON (AP) — The U.S. economic recovery hasn’t felt like one even for people who managed to find new jobs after being laid off. Most of them have had to settle for less pay.
The Labor Department says in a report that only 56 percent of Americans laid off from January 2009 through December 2011 had found jobs by the start of this year. More than half of them took jobs with lower pay. One-third accepted pay cuts of 20 percent or more.
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