Temp work is the new normal. But you can still position yourself for full-time work if and when that's a possibility.
Last week the Bureau of Labor Statistics told us how bad the job market was in September. The economy shed 95,000 jobs, many of which were temporary census jobs that we expected to lose all along. But local governments, which are struggling to balance their budgets, also shed 76,000 people.
In a few months, we'll probably move to positive job growth, but even that doesn't necessarily mean the unemployment rate -- which stands at 9.6% -- will drop. Every year, about a million new adults enter the workforce as students graduate and immigrants start looking. That doesn't even count the discouraged workers who've temporarily given up looking and might try again as the jobs picture looks better.
The bottom line is that the economy needs to add 100,000 to 125,000 jobs per month just to keep the unemployment rate even. Anything less than that, and the unemployment rate will go up, despite jobs being added.
Even in the best-case scenario, where job growth hits the high rate it did in the late 1990s (about 200,000 per month), it would take until 2017 before we got back to the 5% unemployment rate we enjoyed before the recession. Of course, very few economists expect jobs to grow nearly that fast.
Instead, employers are stocking up on part-time, temporary, and contract workers.
Caution: Shipping clubs and other deals can be costly. Here's what to consider before you sign up.
Nothing is more annoying than seeing a great online deal upended by high shipping and handling costs. Shoppers abandon almost half of their potential purchases at checkout, and high shipping charges are the No. 1 reason.
In response, stores have stepped up free shipping promotions and formed "shipping clubs," which charge an annual fee to cover postage on all your orders, no matter how small. The most recent entrant, ShopRunner, launched last week with an offer of unlimited shipping at a consortium of stores, including Toys R Us, The Sports Authority and GNC -- for $79 per year. And Borders and Barnes & Noble launched clubs earlier this year as part of their store loyalty programs, priced at $25 and $20, respectively.
A break on shipping seems like a welcome respite, but the math works out solidly in favor of the retailers.
Beverly Hills wants to capitalize on its reputation (and help the city budget) with its own line of perfume and cosmetics.
As cities struggle to raise revenue, Beverly Hills has come up with a unique strategy: sell its own branded perfume.
Wouldn't you rather your city be identified with a perfume than a Chihuahua?
Should your gift equal the cost of your reception meal?
I want to get married. That is, I want to get married after I've finagled an introduction to J. Money of the Budgets Are Sexy personal-finance blog. Once he and I are best buds, I want to get married a whole bunch of times, because J. Money's wedding gift of choice is a $100 bill.
"Nothing more, nothing less -- just a straight-up Mr. Benjamin for all our friends and family," he wrote in this post.
All right, I'm not actually looking to get married. (Unless it were for something really romantic, like health insurance.) But I have to say I'm tempted by J. Money's largesse, which is, well, large.
Transferred military couple didn't sell Vegas home at the height of the bubble. Now they're struggling to rent it out from afar.
My husband and I bought our first home when he was stationed in Las Vegas with the Air Force. This was right after 9/11, when the economy was stagnant and the real estate market uncertain.
In the spirit of our new hometown, we took the gamble and plunged into homeownership, banking on the economy recovering before it was time for us to move again in a few years.
Fast-forward to 2004: The market was on fire. Houses were selling mere hours after being listed. Our house had appreciated by $120,000. It was also time for us to move again -- and time for us to take the money and run, right? Wrong.
Do you feel guilty about using those return-address labels from charities, or for neglecting to write thank-you cards?
Almost a year ago I started a post about money-related things I've done that I feel bad about, but for whatever reason I couldn't finish it. Maybe it had to do with thinking they're small and aren't all that exciting, mixed with feeling guilty about them -- and probably more so of the latter. (Who likes admitting to thousands of people that they aren't perfect?)
Lately though, I figured it was about time to bare my soul. And something tells me I'm not the only one who's done these things.
Five things I feel bad about doing:
- Using those "free" St. Jude's stickers. You know, the ones with your address preprinted on them so you never have to write another return address again because you have 500-plus of them. That will last you 150 years. Unless you move.
Pepsi wants to tap into Americans' desire for healthier soft drinks. Plus: Coupons and kids eat free at Quiznos.
Poor beleaguered soda. Though Americans still drink too many sweetened soft drinks, they are starting to ask questions about whether they should. Cities and states have tried to tax soda, and New York City even wants to ban its purchase with food stamps.
Seeking to capture the "healthy soda" market, or at least tap into consumers' desires for healthier beverages, PepsiCo has turned the old Sierra Mist into the new Sierra Mist Natural.
As part of a major marketing campaign, Pepsi is giving away 10 million cans on Saturday, Oct. 9, at 2,800 Wal-Mart Supercenters nationwide. The giveaway is not on the Wal-Mart sampling calendar, but we believe it is 9 a.m. to 6 p.m.
All that stuff you never use can benefit others. You get a tax write-off and more room in your life.
Following my divorce I received dozens of paintings, prints and posters as part of my share of the community property. Some I've been able to sell. Some of it I probably never will.
I've decided to give away some of it, starting with one framed photo of Mount McKinley and three examples of the Alaska art genre known as "moose and goose in the spruce."
So who'd want it?
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