The nation’s unemployment rate is at 9.7% as of September 2009 and I definitely feel it. When I was living in North Dakota just up until this last May, I didn’t really feel the hurt of the economy and didn’t think much of it. I feel as if living up there I was a bit isolated to the ‘big picture’ of the hurting economy. Boy did I feel the effects of it once I moved down south though. Just when we were looking for a place to live, there were loads of apartments and condos for rent and plenty of houses for sale. I was worried that when we got down here, all the good places were going to be snatched up and we would be living in a crummy place. Little did I know that there were plenty of ‘nicer’ places for rent…because nobody could afford them!!! Then came the huge task of looking for a job. That was a task in itself and was very daunting. I was trying to get a foot in the marketing business since that is what I will be graduating with and absolutely nobody was hiring. I either heard ‘NO’ right away or try back in a couple of months. Meaning, maybe in a few months the economy will be better and we can afford to hire and pay you.
The Federal Reserve Chairman Ben Bernanke said on September 15th that the recession is “very likely over,” but he warned that the recovery isn’t likely to create many jobs. When I read that in USA Today, I felt no hope for my job future after school. I waitressed and/or bartended myself through college and there was nothing wrong with that. It was sometimes slow money and then some nights I could make a fortune…at least to me. I fear that I will be still waitressing or bartending after school and not do anything with y degree for awhile. After high school, you think you have it all planned out. You will go to college for 4 years (5 in my case), meet Mr. Charming, graduate, get a fantastic job, and get married. You don’t plan on having your country at war and the economy in a huge depression.
There is hope, however, the more news I watch and newspapers I read I see articles of companies hiring back some of those people that were laid off. People started to get smart with their money and saving up instead of spending it on things that weren’t really needed. The government is helping out for example take the Cash for Clunkers that ran for a few months giving people money to buy a new car by trading in their old one. There was also the First-Time Home Buyer Tax Credit stimulus package that gave you $8,000 credit on your taxes if you bought a new house after January 1, 2009 and before December 1, 2009 and it was our first time. They are trying to stimulate the economy and give it a boost which will in return help everyone.
They say time heals all, well I hope 7 more months (until I graduate) is enough time to open up some more jobs so that I can snag one of them up and use my degree for something good.
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Annie -
ReplyDeleteAll of the concerns going on with the economy and job market are scary to think about. Especially when it will be affecting you in a short amount of time. Students don't realize that it's not so easy to get a job, or at least a good one. Making everything work between a job, college, and making payments is definitely hard. I haven't had a big blow from all of those things yet. I still live in the dorms, have a year and a half left, and only have a couple part time jobs. Thinking about saving my money, finding a job, and getting into graduate school is hard to think about. Hopefully the economy will get better so that more students can feel secure about finding jobs after college.