A research firm announced layoffs fell almost 5% from June. In total, between June and July, there were almost 80,000 layoffs. Read the numbers here.
I can appreciate that economists like this dip from June to July. Especially government economists.
But here is the reality… I’m guessing every layoff probably severely affects about six people:
1. The person who is laid off,
2. The person’s spouse (assumption: 1 spouse)
3. The person’s kids (assumption: 2 kids)
4. The person’s parents (assumption: 2 parents)
(speaking to my assumptions – not everyone will have a spouse, but an ex that doesn’t get alimony or child support because there is no income is also affected. Some people don’t have any kids, others have a lot more than 2, and some people have only one living parent while others have 2 parents and 2 step parents… so I’m guessing for every one person laid off there is an average of 6 others who are closely affected)
So the number is really not 80,000 people affected… more like 480,000 people.
Is that great news?
Tell these people about 51 Alternatives to a Real Job!
Tell these people to get started on the right foot, with the first 30 days plan!
Help these people! It is more than just tens of thousands that are affected…