Why are you struggling in this so-called 'growing economy'? Here's why.
July 8, 2015
Why you are struggling in this so-called 'growing economy'?
Experts are saying the numbers coming out of the White House are not accurate, and the rosey picture of a growing economy just is not the truth.
Last week, the Department of Labor reported the unemployment rate dropped to 5.3 percent. Hidden away within the study, however, is a stat that some experts say is far more important than job figures...the number of Americans working, or even bothering to look for a job, is at the lowest number in 38 years!
Only 62.6% of working-age Americans are engaged in the labor force. People who are not seeking work are not even counted in the monthly jobless figures, which means unemployment rates can continue to fall...even though the number of Americans getting paychecks flatlines or drops.
See more about these reports here.
If the current economic climate has you in a difficult financial situation, sometimes bankruptcy is an option to consider. Contact us for a free consultation.
We have three law offices to serve you in several areas of practice, including: wrongful death & personal injury, motor vehicle accidents, workers comp, debt resolution & bankruptcy, and social security & disability:
Law office of T. Verner Smith Personal Injury - Bankruptcy - Disability 112 N. Liberty Jackson TN (731) 423-1888
Law office of T. Verner Smith Personal Injury - Bankruptcy - Disability 5100 Poplar, Clark Tower, Suite 2700 Memphis, TN 38137 (901) 730-4567
Law office of T. Verner Smith Personal Injury - Bankruptcy - Disability 750 Old Hickory Blvd, Suite 150 Brentwood, TN 37027 (615) 371-6136