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!
Showing posts with label recession. Show all posts
Showing posts with label recession. Show all posts
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!
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