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Thursday, July 16, 2009

Recession-Rocked Americans Log On

S. John Tilak writes:

The current recession -- considered by some to be the worst since the Great Depression of the 1930s -- is unprecedented as it is the first time when people had such widespread access to the world wide web.

Some 52 percent of American adults have either lost their jobs, seen their investments fall by more than half their value, suffered a pay cut or watched their house lose half its value during the downturn in the past year, according to the study, which is based on interviews with 2,253 adults.

U.S. employers cut far more jobs than expected in June and the unemployment rate hit 9.5 percent, the highest in nearly 26 years.

Creative juices have been flowing online in the down economy. Overall, 34 percent of online economic users have created content and commentary about the recession in places like blogs, social network sites and Twitter, the study found.

link: Recession sends Americans to the Internet | Technology | Reuters


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