6.7%
Unemployment was up a bit in November. We lost over half a million jobs – the most since 1974 – and our unemployment rate hit 6.7%. Not good. But not horrific.
Considering the mess we allowed ourselves to get in it’s really not that bad.
I’m hoping that a combination of events will help us start to dig out of this during the first quarter of 2009:
- Hopefully the headlines about the auto industry will be off the front page and some solutions will be in the works. The psychological aspect of not seeing this everyday will be good for everyone.
- We have a new administration taking office. Like him or not, democrat or republican, everytime a new President takes the oath of office it’s a positive thing.
- Gas prices continue to spiral downward. If we can keep the cost of energy down that will have a positive impact in all economic sectors.
- Our “almost a trillion dollar bailout” should start to stimulate the housing markets and mortgage industry very soon – surely by spring.
All in all there are some positive things on the horizon. I think those who don’t panic will probably weather this storm ok. I also think it’s a time for major opportunity for those who are proactive and are willing to take calculated risk.
We’ll get the ship turned in the right direction again – and we’ll be off to the races once again.
Related posts:
- Five Tips for Surviving in Bad Economic Conditions Doom and gloom. That’s about all you hear these days. ...
Related posts brought to you by Yet Another Related Posts Plugin.
Filed under: Current Events
Leave a Reply
You must be logged in to post a comment.