Job Market Hurting Because of Economy

By, Meredith Anderson


Our economy is hurting right now. With people spending way less and companies cutting cost everywhere they can, you can bet the countries employment is feeling the pain as well. Our unemployment is at a record high for young people at 25.5%. Everyone wants to stay in college anyway but now graduation comes with a scarier price tag. The “real world” as mom and dad have been calling it for years, is even more intense and competitive these days.

Right here in Syracuse we are feeling the effects of the economy. Carrier cut 24 people in its engineering department. This means that as of Sept 30, 2009 24 families will lose a great portion of their income. Carrier says that these job cuts were just in response to the weakening economy.

Job cuts have been a huge issue when it comes to the downsizing of our economy not only to college grads but as well as people who have worked for years at companies. In 2008 when the recession really took a turn there were nearly 1,000,000 layoffs! Staying in school doesn’t seem like a bad alternative right now.



Sources:

http://www.powerful-sample-resume-formats.com/could-my-college-education-be-hurting-me-in-a-blue-collar-job-market.html

http://www.gather.com/viewArticle.action?articleId=281474977802219

http://www.syracuse.com/news/index.ssf/2008/08/carrier_to_cut_24_jobs_due_to.html