Unemployment Numbers

Week after week the new unemployment numbers are remaining high. They say we now have a total of 6.1 million people in the US collecting unemployment. They are watching this number closely because history shows that when weekly numbers start to decline it is 6 to 10 weeks before the end of the recession. So far the number has not declined. This weeks number was higher than expected. What has happened to the $787 billion stimus package that was to "save or create" 3.5 million jobs. The numbers are not showing that it is working. When will we start to see progress in the proper direction?

Hard Times

It is becoming harder each day for a small company to collect on their AR. I hear on a daily basis that customers can not pay this week because their customers have not paid them. It is a trickle down effect. Everyone is cutting back in one form or another. Several businesses are only working a 4 day week. Others are staggering their employees to only work 4 days. Even others are taking full weeks off the save. All of these has an effect on the individual worker who then has the same problem in paying their own bills at home. So the cycle can start all over again. I hope that there is an end in sight.

High Unemployment rate

The unemployment rate for our area in North Carolina has reached 14%. That would include textile, fiber optic cable and the woodworking industry, amoung others. We also have some large producers of automotive parts. How is the new economic stymulas package going to address the needs of these industries? Most of the jobs for this group is being relocated overseas. What about all of the industries that service those. All of the small "mon and pop" operations that exist. What are we all suppose to do? I don't see where the government is trying to help us. We are not the banking, GM or Chrysler that is talked about in the news on a hourly basis, but we are very important to the economy of the United States. When is someone going to stand up for us?