Editor's Comment: The problem is not only that jobs have not become more available, and that so many are struggling. That is bad enough.

But the unemployment crisis, which appears to be surging, will also effect other areas, and could amount to a trigger point. Layoffs and loss of employment obviously impacts bill payment, loan repayment, and on a big enough scale, could grind the levers to a halt. Changes in Fed policy could drive this major problem into a major crisis. Hold on to what you've got, and keep an eye to the future…

The Next Employment Crisis Is Here: Job Cuts At U.S. Companies Jump 35 Percent In April

by Michael Snyder

Should we be alarmed that the number of job cuts announced by large U.S. companies was 35 percent higher in April than it was in March?