Unemployment and redundancy reach record levels. Don't be a statistic, understand the economic situation and What drives industry trends. According to the BBC News website, unemployment figures for the united kingdom increased from 1.4 million to 1.82 million between May 2005 and November 2008. This is an increase of 30% in a three and a half year period. In the same post, economist James Knightly forecasts that this figure may grow as high as 2.5 million by 2010, a further fluctuation of 37%.
Unemployment and redundancy reach record levels. Don't be a statistic, understand the economic situation and What drives industry trends.
Before I begin I want to assure you that it is not my intention to overwhelm you with negative thoughts and strike fear into your heart! I hope that you appreciate that in order to improve your finacial situation, you must initially understand the severity of the current situation.
According to the BBC News website, unemployment figures for the united kingdom increased from 1.4 million to 1.82 million between May 2005 and November 2008. This is an increase of 30% in a three and a half year period. In the same post, economist James Knightly forecasts that this figure may grow as high as 2.5 million by 2010, a further fluctuation of 37%.
The figures are equally shocking in the US, Canada and Australia, to name but a few countries with similar economic challenges.
So what does this mean for people in employment at the moment? Should they live in fear of losing their jobs and the wage that they currently depend on?
I often wonder what the national press hopes to gain by providing us with these figures. We only ever learn about the bad news and very rarely receive assistance, direction and constructive advice through the media. So, is there another way?
There are many companies keen to ‘consolidate your debt’ or give you ‘money for your home’ and even give you ‘no win, no fee’ legal support! These businesses are clearly able to benefit financially from the unstable economy and changes in public perceptions, so how can we do the same? Do you believe the owners of these companies believe all of the negativity that is portrayed in the media?
I want you to consider whether there is any such thing as a safe secure job. If there is, what industry sectors are likely to be secure for a longer period of time? If there are alternatives to employment then what opportunities have you looked into?
Dont assume that because you were brought up to think that employment offers the only way to earn an honest living, that this is necessarily the only way in the 21st century!
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