Unemployment Expected To Reach 8 Percent
November 23, 2008 by admin · Leave a Comment
According to the statistics recently released unemployment shows no signs of slowing down in fact it is strengthening its grasp on working Americans. In data released Friday by the Bureau of Labor Statistics, 12 states, including Florida, Idaho, North Carolina and Illinois, reported a rise of at least two percentage points in unemployment rates over the past year. That is significant.
The downturn in rates applies to all industries. The current rate of 6.5 % nationwide is expected to swell to 8% in the coming months, according to economy experts. So who is hiring in this type of economy?
Health Care Careers, educational services and retail lead the way. The retail trade is spurred on by the holiday season. Health and education are natural by products of the times. More and more people will continue to change careers and health care never seems to have enough workers.
President Bush signed legislation for unemployment benefits , but that will serve as a temporary fix. We are in trouble economically and it seems it will get worse before it gets better.