Unemployment Increases to 6.7%
Friday December 5, 2008
The unemployment rate increased to 6.7% in November (a 14 year high) and payroll employment dropped by 533,000 jobs. This was the biggest one month drop in employment in thirty four years - since 1974. Employment fell in construction, manufacturing, transportation, retail, and financial services, while health care was about the only sector adding jobs, with an increase of 34,000 positions.
This continuing decline in the job market means that, not only are you are more at risk for losing your job, but there is more competition for available jobs. It's important to spend some time checking out the job market, so you know what type of jobs are available for someone with your skills - just in case you have to find a new job sooner than you planned.
If you have already lost your job, here's information on filing for unemployment. It's important to file as soon as possible, and you may be able to file your unemployment claim online.
More: Unemployment Benefits | Find a Job
Comments
I don’t think the economy will be getting better for a while. But I believe that people can either choose to sit around and complain about how bad things are or they can take matters into their on hands.
Yes continue to look for a job if you currently don’t have one. But in addition, why not change somethings in your life and take control of you financial situation, so you don’t have to rely on another person or company for security?
The days of “Job Security” is over. Why not use your skills and interests to start your on business? And don’t be afraid to step outside of your current industry to look for opportunity.
If you don’t take control of your own future you will never have one. Start today and set your own path.
Success To All
Anthony McNeil