The final employment report for 2008 closed the books on a miserable year for U.S. workers with payrolls plunging last month by more than half a million, pushing the unemployment rate to a 16-year high. The economy lost 2.6 million jobs in 2008, government figures showed, the most since World War II ended in 1945.
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As the full article states, (which you can read by clicking below), a large portion of this actually is due to the fact that the financial sector has been decimated. We had no idea just what this would do. And if you think about it, should the current administration had not bailed out the auto industry at some level, they would have made this number possibly as much as 2 million larger!
So, this is by far the largest number, however, let us still take into case that percentage wise, this is a smaller number due to 1945’s lower national population. So, let’s still keep this in perspective.
Truth be known, after this is all said and done, this will NOT make our generation the greatest generation like it did our grandparents. History will likely remember us as the fattest, sassiest, morally absent, overly decadent, lazy, cheating generation…
We will have to do a whole lot of work to help the world to catch up with mental fortitude and constant rebuilding activity of the 1950’s.
So, let’s get busy helping others. Let us rise up NOW people! Help your neighbor!
Just a thought…
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