I don’t think I can take anymore bad news of any kind. Today’s announcement that the unemployment rate is up to 8.1% (from a norm, if there is one, of around 4.5%) is so scary. I read that the number of unemployed persons in the country at the end of February was 12.5 million, up 851,000 from January and up 5.0 million over the past 12 months, and that the rate has increased by 3.3% over the past 12 months.
It seems that companies think that the only way they can save money is to reduce staff. Some companies could probably tighten up the number of staff they have, but others, especially small ones, are going to have to close their doors and will probably never open them again.
I am hoping that the new Administration can turn things around more quickly than anticipated. Of course, it takes people working together to get this done, and there is definitely a problem when it comes to that in Washington. All I can say is that we need some good news, and we need it fast.
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