Yikes!

According to a recent survey, more than half of unemployed workers receiving a job offer received one involving at least a 25% reduction from their former compensation.

Unemployment

The Bureau of Labor statistics reports unemployment was higher in all 372 metropolitan areas in August of 2009 as compared with August 2008. Two of the highest rates were reporteded in and around Detroit. Two of the lowest were reported in and around the District of Columbia. New Orleans unemployment stood at 7.4% last month as compared with 5.0% a year ago. Jackson, MS reported a 7.5 rate, up from 6.1% a year ago. And YIKES! 24 of the 27 metropolitan areas in California reported double digit rates of unemployment, including an eye-popping 28.7% in El Centro.