The road to economic recovery has started. On the other hand, the job market may still take longer to recover. That is why economists call the situation a jobless recovery. Many questions linger on people’s minds. How can the economy recover if unemployment rate is high? How can we survive a jobless recovery?
Probability of a [...]
Despite the economic recovery, unemployment rates may still continue to rise. Now at 9.5%, it is predicted to increase into double digits and remain that way until 2010. That is what jobless recovery means. The probability of this from happening is quite high as economists predict that finding jobs may be as difficult as ever.
Effects [...]
The effects of the recession today are felt on a global scale. Prices of goods are going up. Jobs are lost. More and more people lose hope and become depressed. In spite of the gloomy atmosphere that the recession has brought, some people are still hopeful and positive. Many have made positive changes in their [...]
In an economic recession, lay-offs, freeze hiring, and downsizing are all part of a stressful work condition. Surviving this ordeal is the name of the game. You must master the art of acting like a survivor, on your guard at all times as far as your work is concerned. Hold on to your job and [...]
Make your budget immune against recession by calculating your fixed costs and by identifying how much you need monthly for your basic needs, mortgages, basic utility bills, and credit card minimum due payments. Once you’ve computed how much you need to have to get by, you can focus next on declining, if not totally diminishing, [...]
