Layoffs Are Hidden By ‘Shadow’ Unemployment | Avoid These Sectors
An increase in layoffs can signal a downturn in the economy. A historical example of this is the 2008 financial crisis, where widespread layoffs occurred as a result of the collapse of the housing market and the subsequent financial crisis. This had a significant impact on middle-class families, as many lost their jobs and struggled to find new employment, leading to financial insecurity and hardship. In addition to the immediate financial burden, layoffs can also have long-term effects on individuals and families, such as damage to credit scores and difficulty in finding new employment. It also hit the middle-class quite hard, many of them lost their jobs, homes, and savings. This can lead to increased stress and strain on relationships and overall well-being.
Also, layoffs can have a ripple effect on the economy as a whole. When individuals lose their jobs, they have less money to spend, leading to a decrease in consumer spending and potentially further job losses. Layoffs can also lead to a decrease in investment and a decrease in economic growth. It is important to note that during a recession, the unemployment rate increases, which in turn reduces the wages and standards of living of those who remain employed. The middle class is hit particularly hard during economic downturns, as they are often the most vulnerable to job loss and have fewer resources to fall back on.
TOPICS AND TIMESTAMPS:
Layoffs 0:00
What’s Next? 6:00
—————————————————————————————————
💵 HOW TO MAKE MONEY ON AMAZON: 💵
👉 http://TheAmazonGPS.com 👈
—————————————————————————————————
LOOK THROUGH MY BOOKS! http://books.themoneygps.com
MY FAVORITE BOOKS: https://youtu.be/Y_mwbfp1ULU
SUPPORT MY WORK: https://www.patreon.com/themoneygps
PAYPAL: https://goo.gl/L6VQg9
—————————————————————————————————
Buy GOLD and SILVER from Miles Franklin:
Call 1-888-81-LIBERTY (Tell them The Money GPS sent you)
—————————————————————————————————
Sources Used in This Video:
http://bit.ly/TheMoneyGPSSources2023
—————————————————————————————————
The Money GPS is the most active, most informative channel in the financial world. Day after day, breaking down the data and making it easy to understand. This channel is not here to help build a portfolio, give stock picks, or financial advice. It's simply data that is generally not found through conventional means.
#inflation #money #economy #layoffs #tech #bigtech
-
12:45
The Money GPS
10 months ago $0.09 earnedAmericans Now DRAINING Retirement Accounts to Pay Medical Bills
5081 -
6:34
Colion Noir
6 hours agoCan You Shoot Someone Attacking You With A Shovel? The Truth About Deadly Force
41.3K40 -
1:34:33
Glenn Greenwald
9 hours agoOct. 7: Whose Lives Matter Most & Least In The Middle East? Hillary Latest Dem To Demand Online Censorship | SYSTEM UPDATE #348
88.1K164 -
1:07:48
Donald Trump Jr.
14 hours agoSpeak Up America, Interview with Comedian Rob Schneider | TRIGGERED Ep.180
148K158 -
2:06:35
We Like Shooting
16 hours agoWe Like Shooting 579 (Gun Podcast)
32.3K -
0:19
TheMonicaCrowleyPodcast
10 hours agoTOMORROW OCTOBER 8th VICE PRESIDENT CANDIDATE JD VANCE JOINS THE MONICA CROWLEY PODCAST
37.3K6 -
53:47
LFA TV
1 day agoTrump’s Triumphant Return to Butler | Trumpet Daily 10.7.24 9PM EST
35.9K8 -
1:28:40
Tundra Gaming Live
15 hours agoThe Worlds Worst Horror Streamer Plays Diablo 4 Vessel of Hatered
35.9K2 -
1:09:46
Patriots With Grit
9 hours agoMicro Schools: Rescuing Kids From Woke Education | David Hazel
35.2K1 -
1:33:19
Sticker Mule
9 hours agoTrump Sign Lighting Party
54.4K19