August Jobs Report Paints Bleak Picture for US Workforce and Economy as Many Consumers Will Struggle to Obtain Personal Loans
PersonalLoansForBadCredit.net announces an inclusive way for non-traditional borrowers to find online solutions to their lending needs.
ATLANTA, Sept. 12, 2012 /PRNewswire/ -- The latest US Jobs Report reveals the lowest ever number of American males actively involved in the workforce. With the economy still frozen but living costs skyrocketing, many single-income households will continue to be rejected for personal loans by banks.
The most recent US Labor Department Jobs report was announced on Friday September 7 and revealed that the percentage of American males of working age gainfully employed or looking for work had reached its lowest ever number. A mere 69.8% of all males over 16 were within the labor force in August. The US Labor department began collating these figures in 1948, with a long-term average of 78.3% until last week's nadir. Throughout this recession the decline has been at its most sharp while, conversely, the average monthly expenditure of American households has risen exponentially.
PersonalLoansForBadCredit.net announces that these indicators contribute towards the persistent difficulty many American consumers experience when trying to obtain personal loans in the depressed economic climate. The loan comparison service aims provide a viable and convenient way for struggling Americans to receive financing despite their own difficult fiscal circumstances such as low income, unemployment or debt.
A spokesperson for PersonalLoansForBadCredit commented on these statistics.
"These figures show that the pressure on the average household is reaching fever pitch as many families try to stretch themselves as far as possible to meet their expenses with just one modest income. As unemployment abounds and household costs and family bills dangerously ebb many far beyond their means, the need for a fair and readily available gateway to personal loan financing is desperately needed to bridge the income gap."
The spokesperson continued, "The range of lenders aggregated through the PersonalLoansForBadCredit comparison platform can consider all of the merits in each application despite poor credit ratings, low income, no income or bankruptcy. No credit checks are performed and each application can be assessed and given an immediate answer following completion of the short online application."
The free service allows for convenient side-by-side comparison of various reputable lenders that have excellent track records for adverse credit.
To learn more about the service or to compare a range of bad credit personal loans, go to: http://www.personalloansforbadcredit.net/.
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