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.

Comments (1)

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Employment Attorney - November 7, 2008 3:53 PM

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.

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