The mass layoffs spreading across the economy will result in a surge of new business startups, but this time the opportunities are different and plentiful.
And now, the layoffs are beginning to seep through the banking industry as blue-chip financial giants such as Goldman Sachs , Credit Suisse , Bank of New York Mellon and Morgan Stanley draw plans to shed some 15,000-plus workers in the next few weeks. Without a doubt, others will follow in the banking industry in the coming weeks.
Mass layoffs are not new. The economy has experienced it before, and depending on where we live, the economic effect on municipalities and states have varied dramatically. When the housing market in communities such as Las Vegas, Phoenix and greater Miami got hammered during the Great Recession,So now, if we are staring at a deep recession in the coming months, what can we expect in macro terms?
What we know for certain are two things – the Federal Reserve will continue to raise rates but perhaps at a slower clip. And more importantly, as hundreds of thousands of freshly laid-off workers look for jobs, some will give up looking and start their own businesses.the number of new businesses created hovered around 670,000
. After the bust, the number fell to about 650,000. But by 2006, business startups rose to 715,000. Then came the Great Recession a couple of years later, which dropped the business formation number down to a little over 550,000 by 2010. Ever since 2010, the number has been going up and
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
San Francisco 49ers star Charles Omenihu arrested after domestic incidentBREAKING: San Francisco 49ers defensive lineman Charles Omenihu has been arrested on a charge of domestic violence ahead of the NFC championship game this weekend.
Lire la suite »
San Francisco 49ers' Charles Omenihu Arressted for Domestic ViolencePolice in San Jose arrested San Francisco 49ers defensive lineman Charles Omenihu and charged him as a suspect in a case of domestic violence, affording to reports.
Lire la suite »
San Francisco finalizes plans for 82,000 new homes by 2031Supervisors unanimously adopted a new Housing Element on Tuesday, charting a path toward the construction of 82,000 new units of housing across San Francisco by 2031.
Lire la suite »
San Francisco Opera launches its second centuryThe company unveils three co-commissions new to the Bay Area — Mason Bates’ “The (R)evolution of Steve Jobs,” Rhiannon Giddens’ “Omar” and Kaija Saariaho’s “Innocence” — as well as beloved standards.
Lire la suite »
Following storms, San Francisco's water reservoirs see helpful increases in levelsWater storage levels for San Francisco residents are at significantly high levels thanks to heavy rainfall in December and January, according to data from the San Francisco Public Utilities Commission.
Lire la suite »
Video: Unprovoked attack on elderly man in San Francisco; Police seek public's helpPolice in San Francisco were seeking the public's help in finding the person who assaulted an elderly man in an unprovoked attack in an alley South of Market.
Lire la suite »