The US Department of Labor announced a surging US unemployment rate of 8.1%.
Further, during the month February, 651,000 people lost their job.
Those two figures were bigger than expected and are really alarming…
In every area, people lose their job. Retail, construction, financial services and factories,… no area is safe from the high jobless rate. The only areas which are showing a little rise in employment are: health, the government and education. The unemployment rate is at the highest level since 1983.
Last week, the president of the US signed a $787bn economic recovery plan. First of all, with this plan Barack Obama hopes to realize a stabilization of the economic situation of today. Further, the plan includes tax cuts and money for public projects to create and save jobs. The administration of Obama tries to do all the possible to break the destructive cycle of job loss in the US and put Americans, who lost their job, back to work.
According to economist, this situation is very serious. Firstly, there weren’t that much jobs lost during the last three months as at the end of the second World War.
Secondly, the jobless rate may put further pressure on high-street commerce and could lead to more liabilities for banks due to the problems of the consumers to repay debts.
According to me, the $787bn economic recovery plan is a good initiative. This plan will certainly result in more jobs for the Americans. But I think, he’s a little bit over-enthusiastic . This plan, will make the situation better, but the real problem will not be solved. The plan doesn’t take on the consequences of the high jobless rate, just like the defaults on mortgages, the defaults on personal loans,…
Source: http://www.guardian.co.uk/business/2009/mar/06/us-unemployment-rate-jobs
Further, during the month February, 651,000 people lost their job.
Those two figures were bigger than expected and are really alarming…
In every area, people lose their job. Retail, construction, financial services and factories,… no area is safe from the high jobless rate. The only areas which are showing a little rise in employment are: health, the government and education. The unemployment rate is at the highest level since 1983.
Last week, the president of the US signed a $787bn economic recovery plan. First of all, with this plan Barack Obama hopes to realize a stabilization of the economic situation of today. Further, the plan includes tax cuts and money for public projects to create and save jobs. The administration of Obama tries to do all the possible to break the destructive cycle of job loss in the US and put Americans, who lost their job, back to work.
According to economist, this situation is very serious. Firstly, there weren’t that much jobs lost during the last three months as at the end of the second World War.
Secondly, the jobless rate may put further pressure on high-street commerce and could lead to more liabilities for banks due to the problems of the consumers to repay debts.
According to me, the $787bn economic recovery plan is a good initiative. This plan will certainly result in more jobs for the Americans. But I think, he’s a little bit over-enthusiastic . This plan, will make the situation better, but the real problem will not be solved. The plan doesn’t take on the consequences of the high jobless rate, just like the defaults on mortgages, the defaults on personal loans,…
Source: http://www.guardian.co.uk/business/2009/mar/06/us-unemployment-rate-jobs
Geen opmerkingen:
Een reactie posten