Directions: In this section, you are required to read five short paragraphs and decide which of the five titles marked A,B,C,D and E is the best suited to each of them. Choose the best answer and mark your answer on the ANSWER SHEET.
A . It looks like this downturn is in for the long haul .
B . Skilled workers might not be spared .
C . If you were going to retire soon , it will be a lot harder to .
D . The damage is likely to spread to other sectors .
E . It has already hurt job growth .
Five Unfortunate Ways the Financial Crisis Affects YOur Daily Grind
By now , you ' re probably up to your eyeballs in unsettling economic crisis news . The stock markets , tanked . Real estate value , sunk . But much less has been said about probably a more pressing concern to most workers---your job . is it safe ? How long will it be before you can expect to see a raise or bonus again ?
1_____
Unfortunately , the credit crisis has already begun affecting job growth . The unemployment rate has grown an entire percentage point--- from 5.1 to 6.1---between March and August . Furthermore , it is likely to get worse before it gets better . Goldman Sachs Group economists wrote in a report to clients yesterday that they expected unemployment to rise to seven percent in late 2009 .
2______
At the outset of housing market ' s turmoil , most expected jobs in the banking , finance , construction and real estate sectors to take a direct hit , as the problems started in those areas . However , now it is clear that the damage is likely to spread to other industries , including ones that who use credit to buy their goods or rely on new investments to move forward . In short , most of them.
As for the IT department , David Foote , CEO at the IT workforce research consultancy , told Computerworld this week that he thinks more companies will be looking more closely at that parts of IT spending are critical , and some IT workers may be safer than others . But , overall , he finds little reason for techies to worry .
3 ______
Historically , most downturns have spared white collar and highly-skilled workers while hitting the least skilled the hardest . Yet observers believe that this downturn is likely to be more democratic than ones previously , because of the severity of the credit crunch .
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