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In United States, 5 lakh employees have lost their jobs in the month of January 2009. It highlights the long term effect of global meltdown. 5 lakh job loss indicates the consequence slowdown in the American economy which affect job market also.
ADP National Employment Report reveals that badly affected job sectors are real estate, Banking, Automobiles, Information Technologies metals and metals products etc. This recessionary condition may continue up to end of this year. And it is apprehended that 10 lakh more workers from different sector will loss their jobs. The biggest American companies such as Lehman Brothers, Merrill Lynch, AIG, Citi Bank, General Motors are already in the list of insolvent. President Barack H Obama announces stimulus packages to boost up American economy.
Today unemployment is the burning problem in USA. The impact of job loss is already making frightened people and suicide have been reported. Self employment is the only way to overcome the present situation. People can utilize their skills and knowledge by doing several work at home jobs like data entry, medical transcription, medical billing & coding, email marketing, affiliate marketing etc. There is no other way except self employment because it takes at least 2 to 3 year to regain previous economic condition.
You can get more information from our medical billing jobs site http://www.medicalbillingncoding.com and medical transcription jobs site http://www.medicaltranscriptionzone.com
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