Millions Affected by Unemployment This Holiday Season. The Nation Sees the Highest Jobless Numbers in More Than Two Decades
Wired PR News.com – With mass job cuts and firings seeming to be a prevalent news item over the past few weeks, many have questioned what the large number of job losses mean for the future. As reported by the Associated Press, the number of jobless individuals has risen to 10 million, the highest number seen in 25 years.
Over 200,000 job cuts have been publicized just recently by several large factories and major corporations just before the holiday season. Analysts have proposed that the issues attributed to the severely weakened economy will worsen before things get better.
Wall Street saw a small bit of relief on Friday with a 248 point rise in the DOW, after several drastic downturns. However, the increasing unemployment rate remains an alarming issue that many believe should be given immediate attention to truly fix the market.