Sunday, February 8, 2009
For a generation that has been called "the best yet," the outlook is only becoming more dim.
As a person graduating into a job market more bare than Mother Hubbard's Cupboard, I am not too enthused to hear that the Labor Department said the U. S. has recently lost almost 600,000 jobs and not yet hit rock bottom. This is part of the larger loss of 3.6 million jobs since the beginning of the recession.
Losing a staggering half million jobs each month has sent unemployment levels soaring as well as feelings of hopelessness and despair, all only compounding the banking crisis.
Our problems are starting stretch outside the Atlantic and Pacific barriers. China, South Korea, Japan and most of the European countries have been lulled into recession as well.
With employers slashing jobs like we were still in the "Dirty Thirties," it leaves little hope for those soon to be out on their own. And analysts predict it is only going to get worse.
Practice in the mirror. "Would you like fries with that?"
Our Economy for Idiots
We've Lost How Many Jobs?!
The Great Depression Called,
They Wanted To Know Why
We Didn't Learn The First Time
CNN - Unemployment Skyrockets