The rite of passage used to go like this: child goes off to college, child graduates from college, child ventures out into the world, child’s bedroom becomes a guest room, sewing room, weight room, etc.

Not so fast. A new study out today from the Pew Research Center said that nearly 1 in 7 parents with grown children had a child move back in with them in the past year. Blame the economy and the country’s 10.2 percent unemployment rate. Experts say young adults feel the brunt of a recession first and will be among the last to feel the recovery.

While…

The Labor Department reported a drop in job cuts today, making May the fourth straight month that the number of job cuts have decreased. Despite a drop in job cuts at 345,000, the unemployment rate is still at 9.4 percent, the highest in 25 years.

A scene from the Great Depression. Los Angeles Times

While the Great Depression had a more significant unemployment peak of 25 percent in 1933, which rose from 5.5 percent in 1929,  if the United States calculated unemployment the same way during the Great Depression, “our unemployment rate would be much higher,” said Henry Blodget on Yahoo Finance.

Here…

Nearly one-third of the country’s top executives expect to cut payrolls in the coming months as companies cope with a weakened economy dogged by housing, credit and financial problems.

According to this Associated Press story,  a survey by the Business Roundtable, released Thursday, showed that most executives expect sales and capital investment to remain at current levels or even improve over the next six months. The survey points out that the  challenging economic environment is forcing companies to produce more with fewer workers, a key driver of recent increases in U.S. productivity.

“Our CEOS realize there are still challenges for the economy…