Friday, December 05, 2008

Poor November Jobs Report

I'm sure this will have an extremely detrimental impact on the market today. Small business is hurting, big business is hurting. Things are bad out there, no question about it. Is there a lot of hype as well? Absolutely...

This is the worst single month's job loss report in 34 years...

WASHINGTON (AP) -- Skittish employers slashed 533,000 jobs in November, the most in 34 years, catapulting the unemployment rate to 6.7 percent, dramatic proof
the country is careening deeper into recession.
6.7% represents a 15 year high in unemployment. Not good as we head into the Holiday Season.

Keep your chin up America. If you're more than 5 years from retirement, keep investing... Save, save, save... And for God's sake, if you can't afford it, don't buy it!!!

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