(May 2, 2008) A CNN Money.com article states that the economic signs aren’t showing the U.S. in as dire straits as recent news would seem to indicate. (More signs the world isn’t ending) The report says, “Yes, companies cut jobs again, we learned today, for the fourth straight month. In April, 20,000 jobs were lost, but economists on average expected a loss of 75,000 – some feared more than 100,000 cuts. What’s more, the unemployment rate dipped from 5.1% to 5%. Most thought it would tick higher. We’ve had news like this all week. In short, the economy is in bad shape….but it’s simply not as bad as a lot of people are making it out to be. On Wednesday, an initial reading of the economy in the first quarter showed that the economy grew – not by a lot, but at least it didn’t decline as many feared.”
This seems to be the first good news the U.S. economy has had in a while. I would hesitate to exhibit too much elation though. As long as oil prices continue to increase, every area of the economy will be affected. With the world’s population increasing and thus countries’ need for more oil increasing, it’s hard to see how things won’t get worse in the long term.
The headline of this article is what caught my eye. CNN is absolutely correct about one thing, the world is not ending. The Bible makes it clear that the world is going to face a time of horror unlike anything in its history. After that, Jesus Christ will return and establish His kingdom on earth for one-thousand years. Then God will create a new earth and heavens. So the world still has a long way to go.
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Tags: economy, Tribulation Period, unemployment