Over the last year we have all seen and heard all the rumblings of the economy. Most of us tightened the belts over the holidays and jobs have been lost due to companies scaling back. It seems to the Mistress that since December it has gotten worst. More and more stories keep surfacing about friends and their family members losing jobs and we are seeing more of this around these parts.
The economic climate in Pennsylvania so far is in the middle of the road for the country. Were not the worst, but it's not the best either. But,it seems that the last two weeks the economic downturn has finally it the Philadelphia area with many warehouse companies and factories scaling down on hours or closing and more and more stores closing. There are adds in the papers for sign holders like this.
These two workers stand with going out of business sale signs in front of Linens and Things that are now closed. And last week more companies announced closings like Williams- Sonoma, Pottery Barn, Home Depot and Expo Design Center. Shopping centers , a category that includes strip malls and lifestyle centers are doing worst than expected, reporting vacancy rates of 9.4-10.5 percent. Larger enclosed malls are doing better with vacancy rates of about 3.9 percent. Stores and company closings have come as the US economic downturn forces retailers to scale back expansions plans, close under performers,or file for bankruptcy protection. Other stores and companies are still making it, but are cutting back on hours of operation. The Mistress felt the economy last week as her hours got cut back. She is just over joyed to have a job though as she loves her work. But many others aren't so lucky. Some got cut altogether. Other friends from all over loss their full and part time jobs. I wish them all the luck in the world. The Mistress had her advisers tell her she will have to cut back on the luxuries.
Entertaining hot Brazilians
When the Mistress first heard of the cuts she was relieved she only had hours cut. Many others lost jobs all together and are having a very hard time finding work. My heart goes out to all those who lost their jobs. Just keep thinking positive. Things will get better. Hang in there. Things always get worst before they get better. But I must admit, I already miss the Brazilian house boy!