A military veteran out in Las Vegas recently gave voice to the pain that millions of Americans are feeling in our nation’s weak economy.
The 22-year-old veteran, Kevin Friedlander, was laid off from his job at a warehouse about a month ago. He has a wife and daughter, and now he is in a race against time to find a new job with which to support them. But ever since he completed his military service, the jobs that he has been able to find have been uncertain. They have paid progressively less and lasted for a shorter period of time.
“With almost every job I’ve had, every day I’ve gone into work it felt like it could be my last day,” he told the Los Angeles Times. “Nothing feels secure, nothing feels stable.”
Unfortunately, Friedlander has ample reason for his concerns about the stability of the job market, and of the U.S. economy as a whole.
That is most evident in the continuing sky-high unemployment rate of 9 percent. And some heavy hitters in the financial world are acknowledging that prospects for strong — or even decent — growth are dim over at least the next year.