Economy Now
Instant reaction and smart charts on economic trends.
New job, less pay
February 11, 2013: 8:10 AM ETLots 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:
Contributors
| Overnight Avg Rate | Latest | Change | Last Week |
|---|---|---|---|
| 30 yr fixed | 3.66% | 3.58% | |
| 15 yr fixed | 2.79% | 2.72% | |
| 5/1 ARM | 2.59% | 2.57% | |
| 30 yr refi | 3.64% | 3.57% | |
| 15 yr refi | 2.79% | 2.72% |
Rate data provided
by Bankrate.com
by Bankrate.com
View rates in your area
Find personalized rates:
Today's featured rates:
- 30 yr fixed mtg, 0 points, Los Angeles, CA, APR 4.625%
- 30 yr fixed mtg, 0 points, Los Angeles, CA, APR 4.625%
- 30 yr fixed, 0 points refi, Elizabeth, NJ, APR 4.625%
- 30 yr fixed, 0 points refi, Elizabeth, NJ, APR 4.750%
- 15 yr fixed mtg, 0 points, Orlando, FL, APR 3.875%
- 15 yr fixed mtg, 0 points, Orlando, FL, APR 4.000%
- 5/1 ARM, 0 points, Houston, TX, APR 3.125%
- 5/1 ARM, 0 points, Houston, TX, APR 3.250%
- 30 yr jumbo, 0 points, Cleveland, OH, APR 5.500%
*Rates subject to change
Most Popular
| The Winklevoss twins are Bitcoin bulls | ||
| Bernanke's advice for college grads | ||
| Signs of new housing bubble in several areas | ||
| Prison exclusive: Bernie Madoff can't sleep | ||
| Dirty medicine |
Economic Calendar
| Latest Report | Next Update |
|---|---|
| Home prices | Aug 28 |
| Consumer confidence | Aug 28 |
| GDP | Aug 29 |
| Manufacturing (ISM) | Sept 4 |
| Jobs | Sept 7 |
| Inflation (CPI) | Sept 14 |
| Retail sales | Sept 14 |
