Job Market Looking Bleak
Estimations by the Wall Street Journal show the number of unemployed Americans that are still currently looking for work is 17.5% of the total workfoce. This is whether these individuals have maxed out their unemployment benefits or not.
The Department of Labor issued a Labor Turnover Report that reflects a 4.176 million hire rate in November, and 4.340 million separations, equating to 164 thousand net jobs lost. Likewise, the CES report showed an additional 4 thousand jobs in November.
With Bankruptcy filings on the rise and the job market looking bleak, we have seen many consumers in debt in our San Jose Bankruptcy Offices, as well as our bankruptcy divisions in San Diego, San Francisco and the greater North Bay.
While these are not a positive signs, it is encouraging that Bay Area consumers in debt are willing to reach out to local bankruptcy attorneys to learn more about bankruptcy options in California, as well as Bankruptcy Litigation and debt resolution in San Jose and the surrounding areas. While the decline in job separations is steep, and hiring has not exactly picked up, these numbers may suggest that eventually (perhapas when the March 2010 benchmark revision is announced in Feb 2011), the net change for November employment will be adjusted down.
If you have a question regarding Bankruptcy in San Jose please contact us at 408.279.2288 or visit www.bkanswers.com and we can connect you with one of our experienced San Jose Bankruptcy Attorneys. After you have spoken with one of our San Jose bankruptcy attorneys we can schedule you a free face to face appointment in our office location nearest you. Our team of San Jose Bankruptcy Lawyers can assist you with all aspects of your case. If you have questions about filing a chapter 7 bankruptcy, a chapter 11 bankruptcy, a chapter 13 bankruptcy, lien stripping, cram down, stopping a foreclosure or wage garnishment, discharging debt, etc. we can help! We have bankruptcy attorneys located throughout California who can assist your financial needs. Please feel free to complete our free bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy
