I employ six people - three full time and three part time - in my printing business. I am not firing yet, but there is overtime only when absolutely necessary for a delivery (and clients know they can demand unrealistic service at the moment), and the part timers aren't getting anywhere near the hours they were twelve months ago.

This is what an economist on a nice fat salary comfortably calls underemployment.

I do a lot of government work (hospitals, God bless 'em), and if it wasn't for that, I'd be in terrible trouble (shows that Keynes was right). Private industry work is very slow, which is an indication of how the recession is hitting. Here in Australia we are doing better than most, so I hate to think about how you're going in the USA and UK particularly