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The Job Market Stinks: Time To Start A Home Biz
It's been said that 80% of America is two missed paychecks away from financial disaster.
Do you fit this mold?
What would happen if you were laid off without pay tomorrow? Can Americans look forward to a secure retirement under Social Security or the company pension plan?
Scary Job Statistics
Current labor statistics do not paint a pretty picture, with quality jobs being outsourced overseas quicker than new jobs are being created. Sure, there are always low paying, low skill jobs available. But who can support a family on minimum wage?
Manufacturing jobs in particular have taken a beating in the marketplace during the past few decades, with some states, like Michigan, losing over 23,000 jobs in the course of a year. According to Labor Department figures, 26 states have seen manufacturing job losses in the past year.
The federal government claims many of these displaced workers are receiving retraining, however, Bureau of Labor Statistics cites fewer than 204,000 displaced workers qualified for retraining in 2003, and only 47,000 actually received training assistance.
What You Can Do About It
Based on the averages of over 600,000 workers being laid off monthly in America in 2009, the statistics cited above will worsen significantly. To put it bluntly, there is no future in the job market for many Americans. Isn’t it time to find a way to build your own home business?
In June of 2006, 4.6% of the available workforce in America was unemployed for an average of 18.4 weeks. For workers over 45 years of age, this unemployment period jumped to 23.8 weeks. That is over 5 months.
Compare this to the statistic in the introduction of this article that reveals many Americans have less than 3 months worth of cash and assets available to sustain them without continuing income. Without a job, most Americans would be living on the street in less than 90 days from the date of their layoff.
Of course, there is always unemployment insurance, but based on the recent depletion of this fund, unemployment insurance may not even be available when you need it the most. What are people supposed to do, live under a bridge?
Don’t let this happen to you. I implore you, research the online market and find a home business you can start and make money with. Sure, small business is a tough racket, but when you begin to earn an income from your business profits, you will become immune to this weak job market.
Protect yourself and your family. Strive for financial independence.
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