Unemployment 8.6%

[NHI]

http://www.abcactionnews.com/dpp/money/business_news/national-unemployment-rate-falls-8.6-percent,-lowest-level-since-march-2009

After watching Chris Matthews last night on Hardball talk of how the economy is improving; Democrats will be jumping out of their skin at this one. I can't wait to hear the spin.

[NHI]

I will say however, these are the best numbers since March of 2009, but I do not believe that we're out of the woods just yet.

[NHI]

At least I don't have to hear "Obama is presiding over 9.0% unemployment....blah blah."......at least for one month.

I think those days maybe coming to an end. There could be another spike, but if I had to wager a bet I would say the unemployment rate will be around 8.6% in November 2012.

[NHI]

The issue is, and this comes right from my own company even..there is just a ton of uncertainty right now. In addition, it's an employer's market.  They have all the power and all the chips.  They dictate everything.  They expect one person now to do the jobs of two or three and work longer hours.  That's the new norm folks. 

I've even had top Managers tell me that there is no way they are hiring people domestically who they have to pay a decent salary, plus retirement, healthcare, etc when they can hire someone in India for $2/hr and work them 14 hours per day for often better quality service. 

This is what it is folks.  Read that.  Very scary.