The Daily Stat: The Cost of Job Loss Rises to Record Level in U.S.

Are you having trouble viewing this email? If so, click here to see it in a web browser. HOME   |   BLOGS   |   THE MAGAZINE   |   BOOKS   |   AUTHORS   |   STORE RSS   |   Mobile SEPTEMBER 25, 2012 The Cost of Job Loss Rises to Record Level in U.S. The recent recession not only caused widespread layoffs, it also raised the "cost of job loss" in the U.S., says Aaron Pacitti of Siena College in Loudonville, New York. In 2009, the difference between weekly pre-layoff income and the post-layoff sum of unemployment insurance, welfare, and earnings from re-employment, measured over a year and reported as a weekly average, was $352.57, or 41.74% of pre-layoff earnings. That record high was driven by record high unemployment duration and record low re-employment duration. Source: The cost of job loss and the great recession Share Today's Stat: FEATURED PRODUCT 11 Rules for Creating Value in the Social Era HBR Single Social strategist and insightful blogger Nilofer Merchant argues that "social" is much more than "media." Smart companies are letting social become the backbone of their business models, increasing their speed and flexibility by pursuing openness and fluidity. These organizations don't operate like the powerful "800-pound gorillas" of yesteryear—but instead act more like a herd of 800 gazelles, moving together across a savannah, outrunning the competition. This ebook offers new rules for creating value, leading, and innovating in our rapidly changing world. ADVERTISEMENT Follow the Stat: BEST SELLERS HBR's 10 Must Reads: The Essentials HBR's Must Reads Library Set Guide to Persuasive Presentations Guide to Better Business Writing Guide to Getting the Right Work Done PREVIOUS STATS Kidnappers Abduct 1 in Every 2,000 Colombians GE's High-Deductible Health Plans Hurt Its Own Businesses Lost Teeth Bring Increased Revenue for U.S. Children The Pill Made Cohabitation Part of the Marriage-Partner Selection Process Ex-East Germans Retain Strong Egalitarian Views on Gender Roles Why Your Younger Classmates Performed Better than You High-Wage Employees Pay a Lot Less for Health Insurance Compared with Rivals, Apple Spends Little on R&D After Just a Few Years, Home Ownership Beats Renting Breakthroughs No Longer Come from Very Young Scientists Introducing Mobile ManageMentor Powered by the proven content of Harvard ManageMentor™ iTunes >> Android >> UNSUBSCRIBE   |   UPDATE YOUR PROFILE   |   MORE EMAIL NEWSLETTERS   |   PRIVACY POLICY Was this email forwarded to you? If so, sign up to start receiving your own copy. ABOUT THIS MAILING LIST You have received this message because you subscribed to the "The Daily Stat" email newsletter from Harvard Business Review. If at any point you wish to remove yourself from this list, change your email address, or sign up for other email newsletters and alerts, please visit the Harvard Business Review Email Newsletter Preference Center. OPT OUT If you do not wish to receive any email messages from Harvard Business Review, click here. ADVERTISE WITH HBR This enewsletter is read by thousands of decision makers every day. Learn more about connecting your brand with this audience. Copyright © 2012 Harvard Business School Publishing, an affiliate of Harvard Business School. All rights reserved. Harvard Business Publishing | 60 Harvard Way | Boston, MA 02163 Customer Service: 800-545-7685 (+1-617-783-7600 outside the U.S. and Canada)