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Though unemployment rate falls, some consumers may still turn to debt management to pay off debt
12/04/2009
As many consumers continue to look for ways to pay off debt, recent statistics from the government show that some people may be having an easier time finding work.
According to the Bureau of Labor Statistics, the unemployment rate in the country dropped to 10 percent in November after climbing to 10.2 percent the month before. In all, only 11,000 jobs were lost in the country during November, which is far less than the 135,000 average seen in the prior three months.
"This administration is focused on jobs and job creation every day," U.S. Secretary of Labor Hilda Solis said. "We are working hard to sustain economic growth and spur renewed hiring for the millions of Americans who need and want work but cannot find it."
Of course, it may take consumers some time in order to build their finances back up and deal with their debts. For some struggling consumers, one option may be turning to a debt management plan offered by a credit counseling organization. Debt management can help struggling consumers in a variety of ways, including lowering their interest rates and aiding them in sticking to a budget.
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