Monday, February 9, 2009

You'll Jobless Immediately if You Join Them

Look at this hiring notice, I can assure that you will be jobless soon if you join them. So maybe if you just look for some part time or short term assignment, then maybe this is a good choice, or maybe you don't have much choice. I believe this the scenario at US now with 598,000 jobs lost in January, the biggest for any single month since 1974, driving the unemployment rate to 7.6 percent. More than 11.6 million Americans are now unemployed.

The strange part is the stock market rallied on last Fri, with the Dow Jones industrial average rising more than 200 points, as investors looked forward to Monday's expected announcement on President Obama's plan for resuscitating the nation's banks and easing the housing crisis.

Companies in nearly every sector of the economy have cut jobs or announced that they would take other steps to save on costs, including freezing or reducing pay or eliminating contributions to employee retirement programs. If the jobless rate keeps rising at the pace it has for the past two months, it will hit double digits in summer and reach its highest rate since the Great Depression by the fall.

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1 comment:

Anonymous said...

Ya... And now I'm worrying about my job too... I hope Malaysia Government can minimize the impact ASAP.

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