On Friday we heard that the ranks of the jobless grew to more than 10 million. It hasn’t been that bad in 25 years. The unemployment rate is at 6.5%. That’s the worst in 14 years.
And economists warn it’s only going to get worse.
Somehow it’s going to ring a little hollow this year when we wish each other “happy holidays.” In fact, how will you know if that reflexive seasonal greeting will even be appropriate in some cases? Won’t you wonder if that stranger you wished well just got laid off and can’t buy gifts for their kids?
These days you can’t be too sure who’s struggling. It’s not just the panhandlers at the gas station — it could be one of your neighbors.