It hurts more to be unemployed now than the last time the jobless rate hit 10 percent. Americans have more than triple the debt they had in 1982, and less than half the savings. They spend 10 weeks longer off the job.
Good news for job seekers: Retailers like JCPenney, Toys R Us, as well as Macy's and Sears at Westfield Fox Valley mall have all been hiring for the holiday season. That news could be a swift change from last year, when retailers like Best Buy and others had scaled back on employment amid a recession.
• Laid-off workers tapping 401(k) funds to survive Good news for job seekers: Retailers like JCPenney, Toys R Us, as well as Macy's and Sears at Westfield Fox Valley mall have all been hiring for the holiday season. That news could be a swift change from last year, when retailers like Best Buy and others had scaled back on employment amid a recession.
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