Florida No. 1 in job losses
Florida is No.1 on the wrong list.
The state of Florida posted the most job losses in the nations. The June unemployment rate in Florida was 5.5 percent.
The United States unemployment rate surged to 5.5% in June. The largest increase in more than two decades.
Some economists believe this crisis is the worst since the Great Depression.
But "worst since the Depression" doesn't mean things will get as bad as the 1930s, when the U.S. unemployment rate hit 25% or even the S&L crisis of the late 1980s.
While it's critical to note the current situation isn't nearly as bad as past crises, it's also important to keep in mind that the Great Depression was an era, not an event -- meaning the current situation could get a lot worse.
What Can You Do To Protect Yourself And
Your Business
During These Difficult Times?
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Obtain a signed credit application
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Check credit references
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Obtain a personal guarantee until you have established a working relationship
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Terms COD
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Terms Net 30
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Be mindful when lending money
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Execute a promissory note whenever you loan money
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