Saturday, December 6, 2008

Unemployment Rate at 6.7% and Still Rising Rapidly

Dear Friends,

This video clip from Reuters Video, released on 5th December 2008 states that Unemployment Rate in US have climbed to 6.7%. 533,000 jobs were lost just in November 2008 month alone. This is the most amount of jobs lost in one month since 1974. Total jobs lost in the last 11 months is now close to 2 million. And this is just the beginning of an avalanche of job losses to come.

Not good news at all, but it is necessary to record history as it unfolds. Meantime, hang in there, buddies! If any of you guys are feeling a little down, remember, soothing music can be great medicine. Go to Youtube, and play the Oldies, or play something from Leona Lewis and Rihanna. Whatever the case, be happy!

Best wishes,

Ooi

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