Something new and possibly strange seems to be happening in this recession. Will double-digit unemployment persist even after we emerge from this recession?
When compiling the “worst case” for stress-testing American banks last winter, policymakers figured the most chilling scenario for unemployment in 2009 was 8.9% NOW what is it! 12%-15%? America now faces the direst employment landscape since the Depression. It’s troubling not simply for its sheer scale but also because the labor market, shaped by globalization and technology and financial meltdown, may be fundamentally different from anything we’ve seen before. The total number of nonfarm jobs in the U.S. economy is about the same now — roughly 131 million — as it was in 1999. And the Federal Reserve is predicting moderate growth at best. That means more than a decade without real employment expansion.Service jobs alone can’t support growth and innovation — which will be essential as we struggle to pay off a historic national debt and fund the retirement of the baby boomers.This means we need to create our own income with our own business.
There are millions of people who need work.
You can help your self here, Easy to start a home base business Today,for very little out of pocket cash.
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