The economy is in horrendous shape. The word “Recovery” is constantly thrown out there in the media to keep everyone off balance and give us a false sense of security. Now, I am a business and life coach, and as such, I help my clients become more skilled, productive and inspired. I also believe in keeping things real. Trying to make the economy look much better than is like throwing a blanket over a messy desk; it doesn’t make it all go away. Here are some recent facts that give you some clarity as to where we are:
Unemployment- The rate rose to 9.6% on September 3rd
Payroll Employment- Dropped by 131,000 in July.
An average of 485,5oo weekly applying for unemployment benefits.
1609 mass layoff events, losing 143,703 workers in July. Monthly mass layoff numbers are from establishments which have at least 50 initial claims for unemployment insurance filed against them during a 5-week period.
Labor Productivity- Decreaesd 1.8% in second quarter of 2010
Consumer Confidence- Stands at 50.4, in good times it runs in the 90’s.
Existing Home Sales- Down 27%, worst month in over 15 years, in the lowest mortgage rate environment in history!
New Home Sales- Down 12.4%
70% of our economy depends on consumer spending: No jobs, no money.
Banks- Not lending to small business
Small Business- Not hiring due to lower profits, concern over new tax and medical care costs.
Does any of this give you the feeling that we are in a recovery? What we are, is in a state of emergency in the United States. Instead of casting blame at others, the White House should be putting incentives in place to bring jobs back to our country along with factories and manufacturing plants that have been moved abroad. Instead of taking another vacation, the President should be putting together a lending plan for small business, without strings attached. Instead of playing elitist to the middle class, he should be financially supporting emerging companies that are driven by clean energy, environmentally safe products and safe foods , all that create jobs, rather than saving companies that helped put us in this disastrous situation.
What we need is true leadership. Leaders put effective plans in place that aggressively meet the goals and objectives of the group they lead, in this case, the American people.