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Thursday, November 12, 2026Nov 12

For the unemployed, new job often means a pay cut

By CHRISTOPHER LEONARD

AP Business Writer

Unemployed for nearly a year, David Becker was relieved to land a new job in information technology last summer.

The offer carried a price, though: It was a lower-rung job than the one Becker had lost. He had to uproot his family from Wisconsin to Nevada. And, like many formerly jobless people who find work these days, Becker is now paid far less than before – $25,000 less.

It’s one of the bleak realities of the economic recovery: Even as more employers are starting to hire, the new jobs typically pay less than the ones that were lost.