Thursday, December 4, 2008
This is turning into a periodic "recession journal", but I was seeing so much change happening at a local level, thought it would be important to post some observations.
* Yet another bank robbery. The 26th in the county since September. Averaging 1 to 2 bank robberies per week.
* Two more local businesses close- A 20 year old health food manufacturer, the parent company is moving it to an out of state industrial production facility. 25 people will lose jobs. A packaging company shudders it's facility 100 more jobs gone.
* Top level CEO's at local motor coach company slash salaries. Salaries are cut up to 50% for highest management employees.
* The county unemployment rate hit 7.5% in October, well above the state and national rates. Nearly 14-thousand people out of work.
Things are still progressing in a downward spiral.