The Next Pink Slip Might Be Yours

    

The state of Georgia reported that the unemployment rate in Metro Atlanta rose from 4.0 percent in November 2007 to 4.4 percent in December 2007.

For the entire state of Georgia, the unemployment rate rose from 4.2 percent in November to 4.6 percent in December said the Georgia Department of Labor, but this rate in Georgia is still below the U.S. unemployment rate of 4.8 percent.

The unemployment increase is largely due to job losses in construction, manufacturing, and other service related jobs.

The economic forecast was looking a bit grim and unemployment was expected to continue to rise, but the U.S. Department of Labor has reported Thursday, that applications for unemployment benefits decreased by 1,000.

However, the gloomy telltale signs of a weakening economy are becoming more and more evident as the first month in 2008 comes to a close.  An unusally high number of layoffs and company closings are being reported.  Lack of job creation and not to mention the stock market dive are all key indicators that…..Houston, we have a problem. 

Could it be that those 1,000 have reached their end for receiving unemployment benefits?

What does this say about the U.S. economy?  Are we really headed for a recession?

How do you prevent the next pink slip from being yours?

Credits: www.associatedpress.com, www.ajc.com Photo: www.pfaw.org