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Unemployment is still on the rise. I think it's around 5% now. If the Cap and Trade bill passes the Senate, it'll be much higher. Sadly, even if it doesn't, investors are afraid to plunk money into anything with a carbon footprint. Coalbed methane drilling and oil exploration has all but stopped.
The good news is that housing is more plentiful in Gillette than it's ever been. And the official outlook for Gillette is still good.
The coal mines are not shutting down. Coal shipments will likely be off 3-5% this year but should rebound when the general economy improves. I'm not sure about hiring freezes. Fewer people are leaving the mines because of the poor economy, so fewer new hires are needed.
I'm not an insider, however. I read the paper, and that's about it.
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