The U.S. unemployment rate has just hit a 14-year high after the economy lost another 240,000 in October. Businesses have resorted to slashing jobs after consumers have slowed down swiping their credit cards and forking over cash.
The rate is now at 6.5 percent, the highest percentage since 1994. Many financial analysts expect the unemployment rate will reach 8 percent by the same time next year. In total, the United States has lost 1.2 million jobs since January of this year. Half of those job losses have happened in the last three months.
If you’ve lost your job or having a hard time paying bills, filing bankruptcy may be a debt-relief option for you. Consider talking to a bankruptcy lawyer today. Total Lawyers has a wide network of bankruptcy attorneys ready to listen to you.