Does your vision for your business match what you see happening on a daily basis? Jim White's Circle of Success® radio brings it all together. Get the inside story on how to create innovative leaders from one corner of your company to the other, get everyone on your team contributing to the bottom line, keep building revenue even when the economy and your customers have flat-lined, and more. We’ll discuss and share leadership lessons, inspiring entrepreneurial interviews, business communication and contract negotiation, as well as feeling personally rewarded to revving up cash flow. There are no theories here. I show you what works and how to make it work for you.
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The State of Working America
The Great Recession—which officially lasted from December 2007 to June 2009—began with the bursting of an 8 trillion dollar housing bubble. The resulting loss of wealth led to sharp cutbacks in consumer spending. This loss of consumption, combined with the financial market chaos triggered by the bursting of the bubble, also led to a collapse in business investment. As consumer spending and business investment dried up, massive job loss followed. In 2008 and 2009, the U.S. labor market lost 8.4 million jobs, or 6.1% of all payroll employment. This was the most dramatic employment contraction (by far) of any recession since the Great Depression. By comparison, in the deep recession that began in 1981, job loss was 3.1%, or only about half as severe.