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New Jersey Employment, Business & Aviation Law Blog

Unemployment the Worst in 14 Years

Posted by Frank Steinberg | Nov 07, 2008 | 0 Comments

The deteriorating economy continues to affect people in a real way, per this report.  The unemployment rate is now 6.5%, the worst in 14 years.  Jobs lost in October: 240,000.  Evidence that things will improve soon: scant.

Impact on businesses and employees: belt-tightening; layoffs; severance agreements.

Whichever side of the line you're on, get good advice before you take action.  It's the best way to avoid having a difficult and unpleasant situation blow up into a major 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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