Were you better off four years ago than you are today?
The release of the November jobs report – showing an 8.6 percent unemployment rate, the lowest in two years – is giving off a glimmer of hope, despite cautionary words from economic analysts. Still, many Americans are continuing to feel the same financial pressures and uncertainty that have become the norm of the new economy.
In this week’s episode of Need to Know, we traveled to northern Ohio to follow up with of the middle-class workers we profiled two months ago. Although they are still employed, they face cuts to benefits and wages that seemed constant and stable just four years ago, before the onset of the economic downturn.