I hate being a bearer of bad news but this is the New Reality.
There may be a national stimulus package in place, nonetheless, the nation's unemployment rate bolted to 8.1% at the end of February, numbers unseen since late 1983. The actual figures are staggering, as 651,000 more jobs were lost amid a deepening recession.
"There is no light at the end of the tunnel with these numbers," said Nigel Gault, economist at IHS Global Insight. "Job losses were everywhere and there's no hope for a turnaround any time soon."
February's net job loss came after even deeper payroll reductions in the prior two months, according to revised figures released Friday. The economy lost 681,000 jobs in December and another 655,000 in January. Worse yet, economists predict that the trend will continue well into the foreseeable future.
In the past month, I have found the hardest hit are employees over 40 years old, who have a lot to offer but don’t know how to market themselves; and because of their financial encumbrances they are pulling their hair out, those that still have some, and getting ulcers and other maladies due to the stress that is upon them.
I can offer you encouragement, and let you know there is a light at the end of the tunnel. You need a torch to lead the way, and I am your torch.
To get yourself, a loved one or a friend out of the dark, call me and let’s talk. Perry Newman, CPC 646-894-4101
There may be a national stimulus package in place, nonetheless, the nation's unemployment rate bolted to 8.1% at the end of February, numbers unseen since late 1983. The actual figures are staggering, as 651,000 more jobs were lost amid a deepening recession.
"There is no light at the end of the tunnel with these numbers," said Nigel Gault, economist at IHS Global Insight. "Job losses were everywhere and there's no hope for a turnaround any time soon."
February's net job loss came after even deeper payroll reductions in the prior two months, according to revised figures released Friday. The economy lost 681,000 jobs in December and another 655,000 in January. Worse yet, economists predict that the trend will continue well into the foreseeable future.
In the past month, I have found the hardest hit are employees over 40 years old, who have a lot to offer but don’t know how to market themselves; and because of their financial encumbrances they are pulling their hair out, those that still have some, and getting ulcers and other maladies due to the stress that is upon them.
I can offer you encouragement, and let you know there is a light at the end of the tunnel. You need a torch to lead the way, and I am your torch.
To get yourself, a loved one or a friend out of the dark, call me and let’s talk. Perry Newman, CPC 646-894-4101
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