The nation experienced a rough end to the year 2008. The New Year has ushered in a host of massive job layoffs. Mass layoffs, for instructional purposes, can be described as job reductions or eliminations that affect at least 50 workers. It appears as though the New Year’s resolution of many companies was to reduce expenses by slashing countless positions with little regard to the workers who would be affected.
According to the Bureau of Labor Statistics, there were 2,227 separate layoff actions that subsequently affected approximately 237,902 workers. Of course, so many more people than the reported 237,902 laid off workers will undoubtedly suffer due to the loss of income. The states that were most severely impacted by January’s massive layoff actions are California, New York, Pennsylvania, and Ohio.
Hopefully January is not, in any way, indicative of what is in store for the United States, specifically with regard to this year’s tentative layoff schedule. While the employment rate is steadily decreasing, the unemployment rate is simultaneously increasing. Many Americans are stunned and left defenseless by these massive layoffs. The state of Arizona encountered a huge change in its unemployment rate in a matter of one year. In 2007, Arizona’s unemployment rate was 3.8% while 2008 bought a 1.7% increase bringing Arizona’s unemployment rate 5.5%.
If you are one of the thousands of Americans who were laid off in January, Arizona bankruptcy Services may be of some assistance to you. You can conduct online research to determine exactly how you can take advantage of the many Arizona bankruptcy Services that are available to those in need. If you do not have access to the internet or simply prefer face to face interaction, any bankruptcy lawyer in Arizona should be knowledgeable enough to inform you about the Arizona bankruptcy services and how they may be applicable to your specific situation.

Posted in Finance ~