20% Unemployment...In the Bag????
NEW YORK (MarketWatch) -- The McClatchy Company said Monday it plans to cut about 10% of its workforce, or 1,400 full-time equivalent employees, citing "today's difficult advertising market." In a separate statement, McClatchy also said it May total revenue fell 15.1% on year and its advertising revenue was down 16.6% on year. It added that the declines in print advertising were partially offset by a 12.9% gain in online advertising revenues in May 2008 compared to May 2007.
Almost everyone is reducing workforces. Hearing about 10% cuts is becoming more and more frequent. Many businesses are shutting down completely!!!!!
Again, 20% unemployment by the time Barak is elected may even be conservative....we are over 25% of the way there and that doesn't even count those that have been unemployed for over six months...do you know any of those people??????
One morning, maybe we will all wake up and say...wow!!!!