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Monday, January 26, 2009

More Lay Offs!

When I went online this morning, the first thing I checked was my emails at my yahoo account and read about the job lay off at Home Depot and just now while reading news at yahoo, found out that two more big company like Pfizer and Caterpillar are laying offs thousands of employees. What is going on? It is very scary. According to the news and I quote: “Looking ahead, economists predicted a net loss of at least 2 million jobs — possibly more — this year even if President Barack Obama's $825 billion package of increased government spending and tax cuts is enacted. Last year, the economy lost a net 2.6 million jobs, the most since 1945, though the labor force has grown significantly since then.” This even broke the record during the time of depression in 1945, can you believe that? This getting bad, very, very bad!

5 comments:

Clarissa said...

tsk,tsk,tsk...I guess everywhere has more lay offs!!!Damn this global economic crisis!!

amiable amy said...

yep....very bad indeed! It's so sad for those people who will lost the job. I knew few friends already and it is hard to find one too. But, let us still be hopeful....

chubskulit said...

Yep, so scary ate ces..

got an award for u at my bravejournal blog..

Cecile said...

it is scary and it scared me to death; my hubby is going to get lay off, too next month and still no luck in finding job :-( wahhh

anyway, Clarissa, Amy and Rose, thanks for the comments and visits.

Heidi said...

Oh no. I'm so sorry this is happening to you and your husband. These are such scary times. I'll keep you and your family in my thoughts and prayers.