Saturday, December 6, 2008

When Will We Hit Bottom?

The Baltimore Sun reports on the announcement yesterday that employers cut 533,000 jobs during the month of November raising the unemployment rate to 6.7%. In reality the unemployment rate is higher than that since when people stop looking for a job, they're no longer counted in the unemployment numbers. The first week in December brought major corporations such as AT& T and DuPont announcing layoffs and we know about the situation with "the big three". The primary areas presently adding jobs are the government, health care and education, and things are expected to get worse before they get better.

In these economic times, if you are gainfully employed, don't take anything for granted.

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