Monday, June 09, 2008

Small businesses fight to survive in tough economy

Its tough out there economically.

What struck me:
In the meantime, wages haven't grown and the job market is tepid, at best. On Friday, the Labor Department said the nation's unemployment rate jumped to 5.5 percent in May - the biggest monthly rise since 1986 - as wary employers cut 49,000 jobs. Average hourly earnings for jobholders rose to $17.94 in May, up 0.3 percent from the previous month.

From: This Forbes article with too many ads

We're definitely in a recession. :(

Got Popcorn?
Neil

2 comments:

tj & the bear said...

Makes it hard to give up the really big bucks, doesn't it?

wannabuy said...

Lol

Not with the miles I'm having to drive. ;) Its time to spend the hours with family.

Got Popcorn?
Neil