Today I Learn… I make a point of learning something new everyday. This is what I learn each day

1, Jul 5, 2010

The Near Desperate Economic Depression Everywhere

Filed under: Economy — admin @ 12:55 am

I found this article last Friday, 7/2/2010, by Chris Isidore, “The recession killed off 7.9 million jobs. It’s increasingly likely that many will never come back.”

The article cites the government jobs report issued that day, “The job losses during the Great Recession were so off the chart, that even though we’ve gained about 600,000 private sector jobs back, we’ve got nearly 8 million jobs to go,” said Lakshman Achuthan, managing director of Economic Cycle Research Institute.

Even worse is the prediction that “We’ve entered a era where the United States will see more frequent recessions than anyone is used to,” Achuthan said.

The article reminds me of two Chinese college graduates here. Neither of them were fortunate enough to land on a job they desired. One of them went on to graduate school, the other went back to China to learn Chinese and hopefully will find a job in China. This brought to my mind the young relative who returned to China exactly two months ago and is still home waiting for a job.

The message is loud and clear to all of us —unless, you excel in your field, nowadays, job perspective is depressing, no matter where you find yourself.

By the way, I went through some of my early postings yesterday. It is almost embarrassing to visit these entries. I must have tortured readers miserably with those lengthy writings.

1 Comment »

  1. […] Mom Write » The Near Desperate Economic Depression Everywhere – Mom Write » The Near Desperate Economic Depression […]

    Pingback by Find job — 1, Jul 5, 2010 @ 3:56 pm

RSS feed for comments on this post. TrackBack URL

Leave a comment

You must be logged in to post a comment.

Powered by WordPress