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Through all the efforts to fix the economy, there is one thing we cannot forget to address and that is the extension of unemployment insurance benefits. We also cannot forget the broadening of the program to provide benefits to more people.
If you have been keeping up with the news then you should be aware that several major companies have announced layoffs during the month of November. These companies include the package delivery company DHL Express. DHL is eliminating 9,500 jobs and announced it will close all of its U.S. ground hubs and discontinue its domestic air and ground services in January. Only DHL's international operations division will remain functional. Ford Motor said it was cutting 2,600 hourly employees as a result of targeted buyouts. General Motors will be cutting production and idling 5,500 hourly employees. Major retailer Circuit City filed for Chapter 11 bankruptcy protection and announced it will be closing 155 stores, affecting about 17 percent of its workforce. Fidelity Investments announced it will lay off 2.9 percent of its 44,400 employees and a second round of job cuts is planned for the first quarter of next year. Drug maker GlaxoSmithKline will cut 1,000 jobs.
It is a very depressing state for the entire employment force. Statistics show the U.S. employment ranks shrunk by 1.2 million in the first 10 months of this year. With that, more than half of those jobs were lost in the past three months. During October alone, roughly 240,000 jobs vanished.
More and more people are now looking for gainful employment. Many will be turning to the internet to find jobs that do not involve a whole lot of financial resources because of the increase in living expenses and reduction of income. These individuals will now be turning to work from home and with their own online businesses. Building multiply streams of income and passive income will protect the more savvy individuals from succumbing to the current weakening of the economy and consumer confidence.
John Hall - Business Owner;Internet Marketer "The key to financial security has always been in your hand; you just have yet to open the correct door."
[http://www.gurumarketingpro.com]
Trained with the best and most successful Internet Marketers in the World.
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Hall And John Oates - Out Of Touch
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