If you happen to be abreast of current events, the fact that the US economy has slowed down must have already reached you. Of course, this bad state of the US economy is supposed to affect everything else, from businesses and financial institutions to the employment market and households.
In a commentary, John A. Challenger of CSMonitor.com, a multimedia website funded by a church, believes that the US labor market is in mild recession, an opinion that is far from the overreacting public’s viewpoint that the US economy is facing a worse financial crisis.
I think Challenger has a strong point here. Despite the recent job cuts, unemployment rate went down last month. With the government, through the Federal Reserve, working hard to combat recession, I know there is hope. We just really need to be optimistic and keep our productivity at the highest level.
Image Source: http://www.warm103.com