Bad Credit Blues

The US Economy Lost Half a Million Jobs Last Month

Now I’m watching CNN, and they are reporting that most economists feared that the number would go up to over 700,000, and so half a million lost jobs was actually good news. The unemployment rate is now 7.2 percent. In fact, we have lost the most jobs since the time after world war two when the companies were cutting back from the war years.

So just how bad can this streak of layoffs get, and when will it get better? Some economists are predicting a 9 or 10 percent unemployment rate since the end of the end of the year. Hopefully, they are being over pessimistic again

If you are an employee who is concerned about your future, it may be time to consider Layoff Protection Plans to insure your future.