More Laid-Off Workers Are Bouncing Back, And Fewer are Taking Pay Cuts

More Americans are bouncing back after losing their jobs, and fewer people are accepting a pay cut as the price of returning to work.

Some 9.5 million people lost their jobs between January 2011 and December 2013, including 4.3 million who lost jobs they had held for at least three years, the Labor Department said Tuesday in its biennial survey of displaced workers. As of January 2014, 61% were back at work.