Facei Blog

Real Estate Investing? Will There Be A Foreclosure Flood Coming As Unemployment Is At It’s Highest Since 1962?

September 9th, 2009

A report by employment services company Manpower Inc., broadcasts that employers will keep staff levels stable for the rest of 2009, but U.S. hiring projections are among the lowest worldwide.  Their report surveyed over 28,000 employers in over 200 metropolitan areas, and discovered that nearly 70% of U.S. companies surveyed expect zero change in their fourth-quarter hiring plans.  12% claimed they project to increase workers in the fourth quarter, 14% predicted a decrease, and the rest of them, 5%, were undecided.  After seasonal adjustments, those responses lead them to believe there will be a 3% decrease in the overall employment outlook.  If you are  Flipping Real Estate, you should know that’s the lowest level since the report started in 1962 and certainly sends up smoke-signals that more foreclosures are on the horizon.

Entry Filed under: Business