The job situation is approaching the point where companies will no longer be able to lay off people and still be able to function.

There are many companies that out of desperation laid off too many people, and deprived themselves of necessary skills and job types that they really needed to properly function. Some of these companies are in deeper trouble than they anticipated. When very skilled and qualified people are laid off a good number of them will have an easier time to find new jobs than non skilled people. There are many who also found ways to go in to business for themselves and will no longer be back in to the job market as an employee.

As the rate of job layoffs reach the bottom, the rate of layoffs will be decreasing. This rate is not linear, and therefore it can take a while before the rate diminishes to be very flat. At that point, in theory the only direction possible will be up. in order for job hiring to start coming up companies will have to have more business that is increasing their work load, and thus be required to need more employees to do the work.

A very big drawback after companies lay off many people, is they will have the cost of re-training new people, and people who have not been doing complicated type jobs for a long while.

What happened with the job situation, and the economy did a terrible amount of damage. Many people were badly hurt from this. There are many who lost all their life savings, and are close to their retirement age. This is terrible when ordinary working people devote and work their whole life to save up for their old age pension, and they loose most or all of it because of a small number of greedy financial people running the banking and economic system.

Jerry G.

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• Maybe this time the bottom will fall out, and we are in for the real drop!
• Warning: I am long-winded.
• I think only increasing inflation of prices can lead to higher interest rates.

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