It’s not just the employees are afraid of job loss. Even CEOs are afraid that their jobs will be lost. As per a survey by the leaders in London International Leadership Summit 2008, almost 1000 business leaders believed that their jobs will be lost.

Global financial meltdown continues to takes its toll. SAP is planning for layoffs. Many companies such as Microsoft put the hiring on hold. New home constructions decreased 4.5% to a seasonally adjusted 791,000 annual rate, after falling 3.0% in September to 828,000, the Commerce Department said today. Year over year, new home constructions were 38.0% below the level of construction in October 2007. Meanwhile, home builders’ confidence in the market has plunged to a new record low amid overwhelming uncertainty about the economy.
U.S. consumer prices took the biggest plunge in 61 years during October, pulled down by a sinking economy that evidence suggests is sending inflation lower. The consumer price index dropped 1.0% on a seasonally adjusted basis compared to the previous month, the Labor Department said today. It was the largest drop since February 1947. The core consumer price index (CPI) fell 0.1% in October. It shows that inflation is not a big threat right now. When the consumer price falls, the inflation goes down. Less inflation is a good thing, but if the inflation goes down too much, it becomes “deflation”, that’s what people started worrying about now.

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