Sunday, September 9, 2007

Could a recession lie ahead? Watch the job market. | csmonitor.com

Could a recession lie ahead? Watch the job market. csmonitor.com:

"The latest snapshot of American employment showed the first monthly decline in
four years, but the worst part is this: The numbers suggest a steady weakening
of the job market, not just an August dive. Factories, home builders, and public
schools all saw big employment losses in August, yielding a net loss of 4,000
jobs for the nation. But what's more troubling than the negative tally,
economists say, is the breadth of deceleration. "


America is clearly headed towards some rough economic waters. Tighten down the hatches, start saving money if you can and be ready. The supply of jobs is going to shrink and income will fall over the next couple months.

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