The job market.
The number of people, last week, that were signing up for unemployment benefits, hit a the highest rate in 26 years. And with more layoffs and job losses everyday, it will be years before the job market recovers.
It is said that about 2 million jobs are being shed every two months, and new reports on the job situation may see that 500,000 jobs were lost in January.
The layoffs are hitting every sector of the job area. It isnt just banking, housing, and automotive any longer. Jobs everywhere are being lost.
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