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A friend of mine declared we were going into another recession in the new year because of this fiscal cliff business. No, he's not a political nor a financial expert, but his words scared the s*** out of me since I'm unemployed.
A friend of mine declared we were going into another recession in the new year because of this fiscal cliff business. No, he's not a political nor a financial expert, but his words scared the s*** out of me since I'm unemployed.
What is everyone's opinions/concerns on this?
What difference does it make to someone who is unemployed? Are you going to try any harder to find a job? Stop looking for a job?
The only thing I can think of is if you could glean some insight into what jobs will be more in demand should a recession come, and aim for those.
My concern is being able to find a job if we go into another recession. I've been unemployed for 3 months and I'm already desperate for a steady paycheck.
I'd love to focus my career into something recession-proof, but how can I find that info out? During 2008, a lot of people said nursing was a recession-proof career, yet I know a few nurses that couldn't find anything during this time.
Last edited by the_contrary; 11-29-2012 at 05:59 PM..
Reason: hit submit too soon
No one wants to admit it, but the current idea of printing money at a rate of 3-5% inflation while under-taxing everyone works pretty well and has for the last 100 years or so (Federal Reserve established in 1913 IIRC). They'll go right up to the limit to show how big their egos are and then at the last minute life will go on. The US doesn't run out of money, it can't. We make our own.
Downside is companies are already putting off hiring but there will be pent up demand in the beginning of 2013 when all this crap blows over.
As a taxpayer, I'm not very excited about the fiscal cliff. It means we who work spend our days working for less and less. All because the politicians can't figure out how to balance a budget. More of my hard earned money will be taken from me -- and as it is, many of us taxpayers are living with very little extra.
Hard to say what's going to happen. Our overpaid politicians are playing ridiculous game of chicken while our economy and the well being of millions of Americans is at stake.
My observation is that customers have been rushing in like crazy to have work done before the end of the year. Our company just bought a brand new massive milling machine, and I'm sure such a major purchase was strategically planned considering the possible fiscal cliff crap. Business has been excellent for the past 3 years, and the owner must feel secure about the future to make such a major purchase. Better now than next year considering the absurdity of our politicians.
It makes a difference if one of the cuts is to extended unemployment benefits and the program reverts back to 26 weeks.
Exactly the lady I met with the other day from unemployment said use your voice call your congressperson and make it known you need unemployment extended. So I did just that and I am glad I did. It was quick the congressmen's aid logged my call and ensured me it would be forwarded to his DC office.
I have been working very hard to find a job and faced all kinds of legal discrimination. You are qualified, but we are only interested in candidates that already are employed. Then they figure out I am over 40 by looking at my work history and college graduation date and I get passed over for 20 somethings. I thought I had a lousy job offer, but when I asked them to clarify it was clear it was fairly bogus. I was desperate enough I was going to take that.
BTW this is very frustrating to someone whom has been unemployed only since June 2012 when a couple years back people were getting 2 years of UI.
It makes a difference if one of the cuts is to extended unemployment benefits and the program reverts back to 26 weeks.
It doesn't make a difference to the extent that a person has to make a decision. If unemployment ran out in 6 weeks, 26 weeks or 69 weeks, an unemployed person still needs to find a job.
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