Posted by: endithinks | July 3, 2008

On Job Loss

The job losses for the month of June in the United States were over 60,000.  The economy is slowing down as we all know and the main losses of those jobs were from the construction realm and other disciplines that are directly or indirectly related to the Housing Market.

If you want to read a fuller report you can check it out here.

I really don’t understand how people can keep shuffling along with their head in the clouds when unemployment is the highest it has been in years.  Also a little known fact about unemployment, the numbers only reflect those people who are actively seeking employment.  What that means is that everyone that has given up looking, for instance our thousands of homeless for instance, are not included in that number of 5.5%. 

So the rate of unemployment is actually much higher than most of the media represents in the same vein as the inflation rate that is judged without the numbers from food costs and energy costs.  It doesn’t make sense to leave out the two biggest costs for most people besides rent; it also is pretty ridiculous that the “unemployment” rate is only made up of people who are actively looking.

So what does all this mean?  It means that those of us who have employment need to do what we can to keep those positions and make ourselves more valuable to the companies that are going to start struggling with higher costs.  Also what this means is that those of us that are unfortunate enough to lose our positions need to take a real strong look at retraining and going back to school.

Investing in yourself through education is what economists refer to as “good debt.”  In fact there are a plethora of trade schools that have numerous types of educational programs for a new career.


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