I guess I'm not the only one

Having learned that the unemployment rate went up from 6.6% to 6.8% recently, I surmise I'm not the only one who experienced job loss in 2024. I wonder whether other part-time workers, like myself, were let go to make room for full-time employees. As I move forward, I am acutely feeling the impact of losing my $17,000 per year income, which is limiting my ability to invest and perform daily tasks like installing snow tires and feeding my cat. Could this be a factor contributing to the low fertility rate of 1.26 births per woman? Perhaps the high cost of living, where feeding a pet is as expensive as feeding a person, is a significant challenge for many.

I am hopeful that the recent rate cut of 50 basis points will help turn this situation around.