Employers eliminated 598,000 jobs in January, the most since the end of 1974, and catapulted the unemployment rate to 7.6 percent. The nation's job climate is deteriorating at an alarming clip with no end in sight. Do you have a second income stream ready when you'll need it? Or, are you making more money than you need right now?
The Labor Department's report is far worse than the 524,000 economists predicted. With cost-cutting employers in no mood to hire, the unemployment rate bolted to 7.6 percent in January, the highest since September 1992. The increase in the jobless rate from 7.2 percent in December was worse than the 7.5 percent rate economists expected. Job reductions in November and December also were deeper than previously reported.
All told, the American economy has lost a staggering 3.6 million jobs since the recession began in December 2007. About half of this decline occurred in the past three months.
Factories slashed 207,000 jobs in January, the largest one-month drop since October 1982, reflecting heavy losses at plants making autos and related parts. Construction companies eliminated 111,000 jobs. Professional and business services chopped 121,000 positions. Retailers eliminated 45,000 jobs. Leisure and hospitality axed 28,000 slots.
Employers are slashing payrolls and turning to other ways to cut costs - including trimming workers' hours. The average work week in January stayed at 33.3 hours, matching the record low set in December.
With no place to go, the number of unemployed workers climbed to 11.6 million. Over the past 12 months, the number of unemployed has increased by 4.1 million, and the unemployment rate has risen by 2.7 percentage points.Many economists predict the current quarter, in terms of lost economic growth, will be the worst of the recession.
People are ready for a change. Direct sales, or network marketing, has become both a legitimate and practical way to increase income, and even replace primary income entirely. I'm not talking about a Bernie Madoff pyramid scheme. Or a get-rich-quick, work-from-home scam. This is a 25 year old company, with a solid reputation. And, a brand new product, just released in October 2008, that is literally changing the face of its market.
Want to talk about money? With the company I partnered with, here is what people expect in terms of average annual income. Disclaimer: Your results may vary. Figures pulled from company marketing materials.
A "Ruby" Executive (sponsoring 5 executives) - average yearly income $36,576.00
A "Emerald" Executive (sponsoring 7 executives) - average yearly income $78,408.00
A "Diamond" Executive (sponsoring 11 executives) - average yearly income $125,532.00
A "Blue Diamond" Executive (sponsoring 14 executives) - I'm not telling you. You wouldn't believe it anyway.
Let me say this again; direct sales, or network marketing, has become both a legitimate and practical way to increase income, and even replace primary income entirely.
Email me at email@example.com, and I'll set up a webinar or conference call to answer your questions. This is all I do - I'm almost always available. I'll show you how the direct sales business works, especially in this economy, and how our brand new, patented technology has taken the anti-aging industry by the throat.
And by the way; you don't have to do product demos with this unless you feel like it. I don't. I simply show the business opportunity to as many people as I can, three days a week.
If you are still not convinced you should contact me, go back and read over January's unemployment statistics. At this point, everyone is looking for alternatives. You can't ignore the facts. Start making your own financial parachute now.