"When times are tough, invest in yourself, your skills and your employability." We couldn't have put it better than this weekend's Sunday Times article by economist Mike Schussler. "The world economy is slowing at its fastest rate in around six decades. . . . . The Organisation for Economic Cooperation and Development (OECD) which groups 30 developed economies . . is now forecasting four consecutive quarters of contraction for the US, Europe and Japan. . . The IMF has lowered its growth forecast to the lowest level in two-and-a-half decades. Some say this crisis is the worst since the 1930's. Over the next two years, the number of unemployed could rise by 8 million, adding 50% to the unemployment numbers. South Africa will feel the cold winds from the storm. Manufacturing output shows a decline of nearly 10% . . the sector has gone from nearly 15% growth to a 9.7% decline . . Mining and manufacturing saw employment declines of 9.3% and 2.1%. The third quarter employment numbers . . paint a bleak picture . . as more than 70 000 jobs were lost. People need to get as many skills as possible to make them more employable in the current economy." Well there it is from a respected economist. To read the full article, go to www.sundaytimes.co.za.
Don't become an unemployment statistic. While you still have your job, invest in yourself now so you can keep it and be sought after - be at the top of the pile when it comes to rationalising
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