U.S. employers cut workers for a sixth straight month in June for the longest such streak since 2002 and vast service sector unexpectedly contracted, underscoring the economy’s frailty.

The Labor Department said on Thursday that 62,000 non-farm jobs were lost last month, bringing jobs shed for the year to 438,000 as a housing market crash chilled growth. For the entire article go to Yahoo.

I guess the current employment situation gives new meaning to the old spiritual saying, “Let my people go.” There in Biblical Days, it was for a good cause. Now the downsizing is reflective of a nasty economy.

But this too will turn around. People will be rehiring their former employees, or hiring new ones. And some businesses, despite the economic hardships, are doing quite well. Companies that are exporting goods and services are taking advantage of the weak dollar to boost their businesses.

The one good thing, among all the lousy things, about getting older is that you see the same stuff coming around again in different cycles, and if you haven’t lost your faculties, you know this time how to play it correctly. Time and experience on the planet can give you the patience and understanding to know that this, too, shall pass.

As a nation, the United States is undergoing a retrenching mode. The high cost of materials, the lopsided trade balance and, of course, the energy concerns are switching things around a bit. We are in for some belt tightening, but also for some changes in our lifestyles, no joy riding in this day and age, and a very real examination of where we are headed as a country and how we can get there.

None of this is easy, but in the end we will end up a better nation for it. We can look forward to developing new technologies for conservation of energy and for alternative energy sources. We will increase our exports and I truly believe we will see a refurbishment of actual goods and products production. We may be manufacturing here in the States or in areas like South America, where we would be expending less fuel and energy than we do in importing from Asia.

There will be new industries. There will be companies that will thrive in this era and will hire new employees. They will need background checks and preemployment screening programs. They will need new tooling, new software and hardware resources, which means they will need the companies who supply them.

As the Chinese say, “May you live in interesting times.” I doubt if few times are as interesting as they are right now.

Check them out before you hire. Call Corra for background checks.