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Singles Get all the (Crummy) Jobs

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Single men and women rejoice. If you're unemployed, the chances are decent that you'll find work soon – it just may not be the job of your dreams.

Unmarried Americans have recovered roughly 90% of the 5 million jobs they lost following the 2009 financial crisis, according to a new CNNMoney report. Married Americans, meanwhile, have gained back just 22% of the 6 million jobs they once held.

On the surface, the inequity seems to favor us single folk. But digging deeper, one truth becomes clear: Single Americans are working because there is no one else to support them, suggesting they're more likely to accept positions they don't want or feel are beneath them just to get by.

"It may be that among many married couples, it's less crucial that both work," Bruce Meyer, an economist at the University of Chicago, told CNNMoney. "If one is laid off and the other is working, the unemployed spouse can afford to take a while to look for a job."

The other, less cynical perspective is that single men and women tend to be younger and less expensive to employ. Companies hire more pencil pushers than directors. And, as CNNMoney points out, the single population just keeps growing, skewing the numbers a tad.

Either way, the American sentiment for the job market and the overall economy has reached a recent low. In August, 45% of American households said they believe the economy is headed in the wrong direction, up from 36% in July, according to Bloomberg.

Barclays Not Alone (CNBC)

Seven banks, including J.P. Morgan Chase, Citigroup, Barclays and UBS, have reportedly been subpoenaed as part of an industrywide probe into the alleged manipulation of the London interbank offered rate.

Banks Rolling Over (Bloomberg)

At least four banks in addition to HSBC handed over emails and phone records of their employees to the U.S. Department of Justice as it continues its wide-ranging investigation into income tax evasion.

Luck of the Irish (RTE News)

Dublin, Ireland-based Certus, a debt management company, plans to hire 45 additional finance workers to help manage the Bank of Scotland's Irish loan book. The firm wants to hire 30 experienced collections and banking experts as well as 15 fresh graduates.

Going Private (Reuters)

Janice Fedarcyk, the top dog at the Federal Bureau of Investigation's New York field office, known for her tough stance on insider trading, is headed to the private sector after more than two decades of service. Fedarcyk plans to open up her own security consulting company.

Jobless Claims on the Rise (WSJ)

Jobless claims increased by roughly 2,000 last week to 366,000. The increase would have been bigger if it weren't for a revision to the previous week's totals, which were found to be 3,000 higher than had been previously reported.

New Recruiter on the Block (Money Marketing)

Financial adviser network Openwork has hired Billy Hewitt, former business development director at Honister Partners, as its new recruitment director for Scotland.

Housing Team (Biz Journal)

With the housing market showing signs of life, Wells Fargo is putting together a nationwide team of bankers solely responsible for granting loans and managing relationships with home builders.

Buzz Around the Office

Nor-way That Happened (BBC News)

A Norwegian driver who swerved his car across the road to avoid a moose missed the antlered beast, only to drive directly into a brown bear.

List of the Day: Recent Grads

Getting started is tough, so keep these thoughts in mind.

1. You'll hear "no" a lot. Don't get discouraged.

2. Don't slack off as an intern. It's a job interview.

3. Introduce yourself to everyone.

(Source: AOL Jobs)


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