We all thought our financial troubles would end when we landed that fabulous job once we graduated, but now people are hoping to find a job let alone a fabulous one.
Let’s hope you don’t have to pay off your student loan right away because high energy prices and credit trouble are not helping the economy. Instead of jobs to be had companies are having to lay off workers.
According to the Labor Department,”new applications filed for unemployment insurance rose by a seasonally adjusted 7,000 to 455,000 for the week ending Aug. 2. The increase left claims at their highest level since late March 2002. The latest snapshot of layoff filings was worse than analysts expected. They were forecasting new claims to drop to around 430,000. “
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