CNNmoney published the latest unemployment numbers and they're up 44% from the same time last year. Leading the way with layoffs this past week were Merck, Yahoo, and Chrysler. The unemployment rate now stands at 6.1% nationally, and the economy appears to be headed into a recession that will last through 2009.They're alarming numbers, and until year end we'll see the results of massive layoffs hit the economy in a big way, in a way not seen since the end of the tech bubble in terms of unemployment.
Of course, a recession doesn't mean that companies aren't hiring - far from it. In fact, even as companies lay workers off, they hire workers on some scale to fill key open positions. And there are always successful companies that grow during hard times (such as Google in the aftermath of the dot com bust). The key is to keep your eyes open, make sure you're open to new opportunities and take nothing for granted.
Read the article here.
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