by Guise

Created on: January 27, 2009   Last Updated: June 22, 2010

Over ten thousand jobs lost in late January of 2009 alone. The unemployment rate has been rising steadily from what was 7.2% in December of '08, to around 9% and above as we entered into the first few months of the new year. The outlook for America's job market is more than grim, and unstable, especially because of the demise of outdated markets.

Every recession creates demands for a new labor supply; we just have to be patient and still, and await the advent of innovative emerging markets. Even though our domestic game of economics has been stretched to its limit, and de-leveraging has diminished the value of our inefficient industrial infrastructure, soon we can look forward to diverse and exciting employment opportunities. The biggest challenge however, is the fact that many new graduates of '09 will find it very difficult to be hired into a career path which coincides with their degree. Especially the finance, economics, and investment banking grads... those businesses are slowly dying out and failing, leaving most new graduates clamoring for work anywhere they can find it.

We can thank globalization for these adverse affects on the civility of labor, because that is the larger issue at play here. American workers have been increasingly undermined by so called "free trade" politics, usurious lending, and speculative/high risk securitization - completely devaluing whatever "sweat equity" this country had left. To sum up, there isn't enough credit to go around because of recession paranoia, and high risk consumer tendencies.

Misguided and convoluted, the fiscal drama is said to continue well into 2009/2010 according to "gloom and doom" economists. Also, both ironic and inconvenient, with once thriving and popular companies such as Sony showing quarterly operational losses upwards of $2 billion, the stifling comfort afforded by America's staple industries steadily diminishes. The cause of this being another critical issue facing generation Y in the workplace: the continual budgetary misappropriation of funds on a constant basis. Say goodbye to your cubicles my fellow Americans...the job market may need you to get your hands dirty, and perhaps even relocate to a different city altogether.

Individual companies are finding it hard to fulfill their payroll responsibilities. They suffer because of the financial blowback from waning industries such as construction and "finance".... who would have thought the latter would be a thorn in the side of a once bustling

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