Voices of the Recession: Unemployed and Pouring Drinks
I'm really touched by a new short video series that we recently launched called Voices of the Recession. Today's installment follows students at a bartending school in Arlington who are trying to make it through tough times.
One woman is about to see funding for her education job get cut. One guy was laid off from Fannie Mae/Freddie Mac two years ago and hasn't been able to find a comparable job yet -- he went from making $70k a year to working at Target. Another guy has a graduate degree in history and works for a temp agency because it's all he could get.
It's especially timely that we went live with the video today. The Labor Department announced this morning that the unemployment rate rose to 8.9 percent in April, the highest level in about 25 years. The rate of the increase has slowed, but people are still losing jobs.
What are your strategies for coping if you've been laid off? How many are worried about losing their jobs?
May 8, 2009; 11:30 AM ET
Categories: Consumer News , Faces of Frugality , Unemployment , Ylan Q. Mui
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