The next Great Depression

1. Ylan, Mui. (2013 Oct 22). Economy added 148,00 jobs in Sept; jobless rates dipped to 7.2 percent. Washington Post. http://www.washingtonpost.com/business/economy/economy-added-148000-jobs-in-september-jobless-rate-fell-to-72-percent/2013/10/22/1e2d528a-3a90-11e3-b6a9-da62c264f40e_story.html

2. Category of problem- individuals seeking jobs

3. Level of problem- national

4. The article concerns: The job economy is getting worse and putting many individuals out of jobs.

5. How does this affect individuals/families? It is clear that the job economy affects individuals/families for several reasons but mostly due to money. Without a job, the chances of you obtaining an income are slim to nothing.

6. My opinion: Quite frankly, the job economy has been on the rocks for years. Even Obama is calling this era the next Great Depression, claiming we are going into a recession with the economy and its weakened structure. Most individuals are naive to the facts and don't want to have to stress about the job market but lets take into account that according to Forbes, in 2011 53.6% of college graduates are either unemployed or underemployed their first year out. So half of the graduates are most likely back home, working minimum wage jobs to get by while they graduate with debt to their eyeballs. Unfortunately that is the only thing we are guaranteed with graduating college is student debt which right now is the number one debt in America reaching the trillions. To think you're already in a deep hole with debt and no job to help get yourself out of it, it is a scary picture. Most college students expect to graduate from college and its all flowers and butterflies from there but we all need a reality check. Nothing is promised once your graduate. Back in the early 1900s, there were 90% entrepreneurs and 10% employees. Now, the numbers have swapped and there are very few entrepreneurs now days but those are the ones who aren't affected by the job market and hold the most wealth. They make money work for them versus working for money which is controlled by the economy. My advice is for people to start seeking opportunities to do something different, something outside of the box to ensure your job security won't be an issue for years to come.