Unemployment the Worst in 14 Years
The deteriorating economy continues to affect people in a real way, per this report. The unemployment rate is now 6.5%, the worst in 14 years. Jobs lost in October: 240,000. Evidence that things will improve soon: scant.
Impact on businesses and employees: belt-tightening; layoffs; severance agreements.
Whichever side of the line you're on, get good advice before you take action. It's the best way to avoid having a difficult and unpleasant situation blow up into a major problem.
You are right, with things being as bad as they currently are, make sure that you are getting good advice before making any rash decisions. If you do have a job, it is a good time to make sure you are one of the indispensable employees.