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2009's arrival prompts a lot of questions: Will the economy get worse before it gets better? Will companies lay off more people? Can I still find a new job? Any answer is, of course, an educated guess at best. Yet, you shouldn't assume that tight budgets and slowed job growth -- if they continue -- mean everyone is tied to their current jobs forever. People will still leave jobs and others will come in to replace them. Read more...
Unfortunately, not many people are a stranger to the downward spiraling economy that began in December 2007 and continued to deplete throughout 2008. In fact, November 2008 marked some of worst numbers in decades in terms of job loss: The unemployment rate, for example, hit a 14-year high this November at a rate of 6.7 percent.
2008 proved to be a difficult year for the job market. Though employers were cautious in the beginning of the year, they still anticipated a slow, yet steady hiring environment with continued job creation through 2008. The market continued to suffer, however, as the U.S. economy weakened and entered into a recession while employers maintained prudence.
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