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Jobless Report: Bad News Keeps Coming, But . . .

Posted by Frank Steinberg | Feb 06, 2009 | 0 Comments

Employers and employees alike are trying to cope.  Per this AP report, 598,000 jobs were lost in January, and the unemployment rate is 7.6%.  Not good.  On the other hand,

Employers are slashing payrolls and turning to other ways to cut costs — including trimming workers' hours, freezing wages or cutting pay — to cope with shrinking appetites from customers in the U.S. and overseas, who are struggling with their own economic troubles.

Let's hope that these measures keep some people in jobs and the doors of business open.  Working together Americans can and will beat this problem.

About the Author

Frank Steinberg

Frank is the founder and principal of Steinberg Law, LLC. A Jersey boy born and bred, he focuses on employment litigation and counseling, business litigation,  and aviation law. Following law school and a clerkship in the federal district court Frank spent his early career with large litigation ...

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