Almost a year later Americans are still scratching their heads and wondering who is providing accurate information and if that information can be trusted. One thing that makes this a money glitch recession is how events occur from sparks of unpredictable energy that leaves consumers feeling vulnerable. A few weeks ago the BLS announces that it looked like the economy was turning around because unemployment did not go as high as expected, the next week there was information on where to find jobs, but yet unemployment was high in many of those cities. Regardless, the stock market begins to rise providing yet another indication that perhaps the country is near a comeback.
Now this week on the Friday before what’s supposed to be a long relaxing weekend, the news media provides us with more contradictory data to process. For example:
Only 216,000 jobs lost for the month of August which is good because it is the smallest drop this year. However, the unemployment rate rose to its highest point since 1983 of 9.7 percent. Geez, what happened to the unexpected drop from the month of July? When you look at those that lost their jobs along with the underemployed rate (which includes part time workers wanting full-time positions) the unemployment rate reportedly is actually 16.8 percent. Some reports indicate the job market is improving, but it is very fragile. However, since December 2007 there have been 6.9 million jobs eliminated due to our recessional money glitch.
Mixed signals during a strong economy mostly likely would be ignored however, when those mixed signals affects whether or not there is a foundation (jobs) established within the marketplace people respond differently. During a money glitch recession hiccups of energy (such as sensationalized bad news) cause more glitches within the already weak foundation and will start to stymie the wealth of our nation. Confusion among consumers at this point definitely will not generate spending nor create the needed jobs. Consequently, consumer lag makes it more difficult for our industries to rebound quickly and generate more income to rehire workers.
Although the news of this money glitch recession is unpredictable, confusing, and often somewhat frightful; it becomes important for one to focus and put energy into the things that one can control. Whether you are gainfully employed, unemployed, or underemployed here are some important points to remember:
- The world can only value you as much as you value yourself
- What you are worth has nothing to do with your present state of being
- You are “somebody” important and no one can take that away from you
- Protect your mind and avoid partaking in the ole saying “junk in – junk out”
- Envision yourself the way you want to be in the future, as if it happened today
- Overcome mental slavery of oppression and lack via positive thoughts and actions
- Know that you are worthy of success and that you are a winner
Have a great weekend everyone and remember “Tough times never last, but tough people do” – Robert H. Schuller.