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| quote: | Originally posted by bigperf
it seems like a lot of people on TA are doing just fine. lots of people traveled to WMC or are planning summer trips overseas. going to both saturday night events at vanguard and avalon etc. i just hope they also set some aside in savings in case the whole unemployment thing happens.
I am glad to have never had to say "im broke" or been in debt. |
You know the Unemployment thing HAS HAPPEND in California, right? Happened in January. The state is borrowing from the freds. Unemployment is a Fed-State law (federal law, but states control it I guess?) and they are required to borrow from the federal government once the funds run out.
HELL, the Stimulas package is giving another 20 weeks of unemployment...though this last 20 weeks is paid entirely by the federal government and not by the state.. You can get between upto 79 weeks of unemployment now. Although, after the first 26 weeks, when you have to file the first extension, I believe your checks are 80% of what they initially were (it doesn't go down anymore during when you file the extensions after this.). My field of work is really suffering. I know people who were laid off in December 2007...an no one from that team has found a new job yet. I know someone who was laid off from Sony Pictures (editing film) last June or July and nothing. I hate sitting at home. I actually like working and learning new things and having a schedule. I like having a good paycheck. But with this economy, I at least know I am not in desperate need to go out and get the first job I see. Summer time is the slow time for a lot of hiring because it's based on Q1/Q2 budgets/earnings.
E3 was last week and I got to talk to a few people from different publications/companies who have knowledge of how groups are doing business wise, and said they are starting to see a turnaround already, quicker than they expected, and if things continue will be looking at starting to open up slots to hire people in late Q3 or early Q4 before the big holiday rush on needed material. They (as publically traded companies) are being real cautious right now though so they are keep real quiet on what they are seeing. THey don't want to show all this optimism and then have things go back downhill on them. That could be catastrophic. Anyhow, I'm hoping companies across all industries are seeing a turnaround like this and that it continues as the year goes along. I think we will really known come Q3 when it comes time for business to really worry about the holiday season.
Last edited by DaveT on Jun-10-2009 at 15:21
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