 
Layoffs soar as US plunges deeper into recessionQuicklink Submitted By Sheila Samples No comments
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| New economic reports show that the severity of the US recession and the speed with which it is developing are greater than anticipated by economists and business forecasters. There is a sharp rise in layoffs in virtually every sector of the economy, continuing distress in credit markets, financial instability and slumping consumer demand. Indices portend a recession more severe than any since the Great 1930s Depression. |
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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.
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