Michigan and Rhode Island once again led the nation with the highest jobless rates at 10.6% and 10% respectively. Rhode Island's rate is the highest in more than three decades.
The national unemployment rate rose to 7.2% in December, up from 6.8% the previous month and from 4.9% a year earlier.
On Monday alone, companies announced more than 71,000 job cuts... so over 71,000 people were laid off from there 'good' job.....
President Obama is pushing for quick passage of an $825 billion package it hopes will stimulate the economy and promote job growth.
"Just this week, we saw more people file for unemployment than at any time in the last 26 years, and experts agree that if nothing is done, the unemployment rate could reach double digits," Obama said Saturday. "If we do not act boldly and swiftly, a bad situation could become dramatically worse."
So I am wondering would you take a 20% pay cut for your co-worker to keep their job?
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5 comments:
I would have to say yea even though It would suck for awhile because I would want someone to do it for me so I wouldn't be out of a job lol
damn that's crazy.. tuff times that's for sure!
Thanks for responding . . . I guess I would want someone to do it for me as well, but I would feel crazy doing it for someone who didn't like me. I guess I wouldn't mind if we all had to do it :-)
Lol at the Cartoon strip
But can you believe not one republican voted yes on the stimulus package?! come one now, is it safe to say that some folks are still bitter??!
@ Milly- um yeah I can believe they didn't, what I would not of believed was if one did vote for it......
Bitter might be an understatement
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