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Another Shoe Dropping

Unemployment statistics for February are not available yet due to the short month as well as the 30-day meeting of the state legislature. But, no reason to believe that there has been any positive change. And, one indication of the grinding nature of this recession is the increase in foreclosures this January… a sharp rise from 1.36% in January of 2009 to 2.40% this January. Like every other economic statistic, we are better off than most (the national average is 3.19% for this past January). But, that is small comfort to those who have exhausted their financial resources.

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