blog home Bankruptcy & Debt Relief Good Economy News For Once: Unemployment is Down and Jobs are Up in Los Angeles

Good Economy News For Once: Unemployment is Down and Jobs are Up in Los Angeles

By Encino Bankruptcy Attorney on December 12, 2011

While many Americans‚ especially those throughout Southern California‚ have seen unemployment statistics play out in real life through their own experiences‚ many should be encouraged by recent news that jobs were up and unemployment down in November‚ according to CNNMoney.

Many people are struggling with their finances right now. The epic collapse of the real estate market left many people with wrecked finances and lost jobs. And this job loss and lack of income has meant many people are struggling to find a place to turn to escape thousands in debt and piles of overdue bills.

1212912_growing_graph.jpg

Those people should consider filing for Chapter 7 bankruptcy in Los Angeles. If a consumer has spent months looking for work and has depleted a savings account‚ it’s likely that they have been relying on loans or credit to get by. This has been a necessity for many‚ but it is a bad habit to get into.

Our Los Angeles bankruptcy lawyers have seen how many people have been brutalized by the economy and have tried every means to escape the debt they have amassed. For many‚ unexpected medical issues have crept up and led to major medical bills because of the rising cost of healthcare.

Filing for bankruptcy can heal many of these headaches. First off‚ filing for bankruptcy immediately stops creditors from calling‚ e-mailing‚ mailing or otherwise harassing consumers. Second‚ once the process is complete‚ the borrower’s debt will be cleared‚ so they can live a life free from debt and attempt to get their lives back on track.

Hopefully‚ the recent news helps Americans get back on their feet. According to the CNNMoney article‚ there were 120‚000 new jobs in November‚ as private sector businesses added 140‚000 jobs and governments lost 20‚000 jobs.

A majority of the new jobs‚ not surprisingly‚ were in retail‚ as stores stocked up on workers for the holiday season. They accounted for 50‚000 new jobs. Restaurants and other hospitality businesses added 20‚000 jobs. The Labor Department’s numbers adjust for seasonal jobs‚ so it’s possible the new jobs are staying for good.

Experts had previously predicted about 110‚000 new jobs‚ so the numbers were a good surprise. According to the news article‚ it was the biggest jump in jobs since September‚ when more than 200‚000 were added. Only in four months this year were more than 150‚000 jobs added.

Despite the increase in jobs and the drop in unemployment to 8.6 percent‚ there are still some 13.3 million people looking for work nationwide. Of them‚ 43 percent have been looking for a job for 6 or more months.

There is still work to be done‚ though. More than 8.8 million jobs have been lost in recent years and only 1/3 have been replaced. For many jobless‚ bankruptcy can be a start to rebuilding their future. If you think bankruptcy can help you‚ call today. Consulting with an experienced Los Angeles bankruptcy lawyer is a good first step to recovery.

Nader‚ Naraghi & Woodcock‚ APLC will provide a free consultation to help guide you in making a decision that works for you. In Encino‚ Glendale‚ and San Fernando Valley‚ just call (800) 568-0707.

Additional Resources:

November jobs report: Hiring up‚ unemployment down‚ by Annalyn Censky‚ CNNMoney


I cannot speak highly enough of the honesty with which this law firm conducts business. Before hiring anyone else, call them and ask to speak to one of the attorneys.

- Annej N. on

A true gentleman, an honest lawyer, and a straight business man. Yes, as good as it gets. I wish there were more lawyers like him, life would be easier.

- Bigvik B. on

They walked me through the legal process so there weren't surprises along the way. The reason that led me to them was unfortunate but I am so grateful to them for helping.

- Glory G. on