On the Cusp of a Recession?

In December, the US unemployment rate rose to a two year high of 5.0%, the worst since 2005. That increase was also the largest one month increase since April of 1995. A scant 18,000 jobs were added to payrolls in December, per the US Department of Labor. 2007 was the worst year for US job creation since 2003.

Now is the time to think seriously about how a recession might affect your firm. How are your major customers faring? Would they be able to weather a major economic downturn this year?

Would you?