The US unemployment rate is going to grow higher with the economic recession. It is still said to increase further for next year, no matter how efficient the government works against the unemployment.
The unemployment rate is estimated to hit 14 year high record with 6.3%. And for the next year it is estimated to surpass 7% making the situations still worst.
Many small businesses are seen struggling to survive this tough economic period. Even big businesses are seen to cut off on their employees in these hard times.
The hiring trends were also contracted to significant levels in most of the companies no matter what its size is.
The situation is same with most of the companies all over US as well as companies in outsourcing countries which relied most on US firms for their business.
Already we saw major sectors like auto and manufacturing industries declining in their growth rate; this may further lead to cut in more jobs.
Related Links:The unemployment rate is estimated to hit 14 year high record with 6.3%. And for the next year it is estimated to surpass 7% making the situations still worst.
Many small businesses are seen struggling to survive this tough economic period. Even big businesses are seen to cut off on their employees in these hard times.
The hiring trends were also contracted to significant levels in most of the companies no matter what its size is.
The situation is same with most of the companies all over US as well as companies in outsourcing countries which relied most on US firms for their business.
Already we saw major sectors like auto and manufacturing industries declining in their growth rate; this may further lead to cut in more jobs.
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