The latest unemployment figures show that jobless claims have increased in SEVEN of the last EIGHT weeks. In the past month alone, almost 62,000 jobs have been LOST. That follows April's 42,000 job losses. Over 100,000 jobs lost in the past 60 days. The stock market, responding to this news as well as shaky situations in Europe, recorded it's worst day today (5/31) in almost two years. In addition to these new numbers, the government is now revising their 'previous' estimates from January, February, and March, which were a bit more optimistic than the numbers actually indicated. They've also revised their GNP estimate to show a more realistic softening. Times are tough. Although they are trying their best to put a positive spin on it, the actual numbers are quite discouraging. If the recent economic downturn has put you into a difficult financial situation, contact us for possible legal remedies to your problems. Your initial consultation is free. Call (731) 423-1888 today.
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