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New job, less pay

February 11, 2013: 8:10 AM ET

Lots of people laid off during the recession are landing new jobs ... but they are making a whole lot less.

Some 52% of unemployed people surveyed recently by Rutgers University found new positions within six months of losing their jobs.

But roughly an equal share of the unemployed who landed new jobs had to settle for pay cuts, according to the report by Rutgers' Heldrich Center for Workforce Development.

Here are the details:


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About This Author
Tami Luhby
Tami Luhby
Senior writer, CNNMoney

Tami Luhby is a senior writer at CNNMoney and covers income inequality, state fiscal problems, unemployment, housing policy and other economic issues. Luhby previously covered personal finance for Newsday and banking for Crain's New York Business.

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