Three months into the year, the unemployment rate has already soared to 8.5 percent. The official figures showed that it was the highest level in more than a quarter-century, as the recession savaged the labour force.
The non-farm payrolls data presents that about 663,000 jobs disappeared from the American economy last month. Moreover between January and March, more than two million jobs were lost, according to the employment report, released Friday. So in all, the total number of layoffs swelled beyond five million jobs.
The job losses weren’t large and widespread across the services sectors, that is in contrast with the improvement in the manufacturing activity. The government expects and hopes the world economy stabilizes in the second half of the year, before the market recovers. So the government’s purpose to the downturn is being put to a strenuous test. Further president Barack Obama requested the US and the developing countries to spend more as part of a global rebalancing of demand in the years ahead.
Ben Bernanke communicated the purchases of government securities and debt were having beneficial effect, which is positive. We can conclude the decline in full-time jobs is very worse, there is a loss of 1,188,000 jobs but in spite of this there is an increase of 373,000 in people working part-time.
According to me, unemployment is something that is related to the economy. Especially in these hard times companies purpose is: continuing their activity. People haven’t enough time anymore in these outpaced society, and so part-time jobs grow in significance. The government has to recover the economy by supporting the market financially.
Written by Marie Maes
Source: The Financial Times
Article: US unemployment hits 8.5%
Published: April 3, 2009
By Krishna Guha in Washington
zondag 5 april 2009
As Economy Is Down, Vitamin Sales Are Up
“As Economy Is Down, Vitamin Sales Are Up” was the first title that really caught my eye.
I did not know what to make of it so I decided to clear it out.
The article tells us how people like Ms. Parham are skipping a (necessary) doctor visit due to the financial crisis or due to the loss of their job in order to make some savings.
Ms. Parham said she spent $50 a month on prescriptions for her asthma, allergies and other chronic problems. Now, she pays $6 a month for over-the-counter protein supplements and oregano oil capsules. Nothing to worry about according to you? I see it differently.
All right, it can be that those protein supplements are helping for her allergies and maybe for her asthma and even for her chronic problems, but I think it is very difficult to know where to draw the line here. Like I said, there is no problem when it helps for allergies and so on, but I fear she will take simply more supplements if those supplements do not help anymore in the near future.
There is even a distinct possibility that some people will become their own ‘doctors’ over time wich will cause only more bigger problems.
So I am convinced that those proteins can not be a substitute for traditional health care.
But a lot of consumers seem to be doing the same math as Ms. Parham.
Sales of vitamins and nutritional supplements have grown consistently for years and doctors are warning for the problems on long-term.
Others are even replacing fresh fruits and vegetables with fish oil capsules and antioxidant supplements. This is just too crazy.
Source: http://www.nytimes.com/2009/04/05/business/05vitamins.html?_r=1&ref=us
I did not know what to make of it so I decided to clear it out.
The article tells us how people like Ms. Parham are skipping a (necessary) doctor visit due to the financial crisis or due to the loss of their job in order to make some savings.
Ms. Parham said she spent $50 a month on prescriptions for her asthma, allergies and other chronic problems. Now, she pays $6 a month for over-the-counter protein supplements and oregano oil capsules. Nothing to worry about according to you? I see it differently.
All right, it can be that those protein supplements are helping for her allergies and maybe for her asthma and even for her chronic problems, but I think it is very difficult to know where to draw the line here. Like I said, there is no problem when it helps for allergies and so on, but I fear she will take simply more supplements if those supplements do not help anymore in the near future.
There is even a distinct possibility that some people will become their own ‘doctors’ over time wich will cause only more bigger problems.
So I am convinced that those proteins can not be a substitute for traditional health care.
But a lot of consumers seem to be doing the same math as Ms. Parham.
Sales of vitamins and nutritional supplements have grown consistently for years and doctors are warning for the problems on long-term.
Others are even replacing fresh fruits and vegetables with fish oil capsules and antioxidant supplements. This is just too crazy.
Source: http://www.nytimes.com/2009/04/05/business/05vitamins.html?_r=1&ref=us
2 million jobs lost so far in '09
The unemployment rate in the U.S. reached 8.5%, that’s the highest point in 25 years. In March this year there are already 663,000 jobs lost and since the beginning of 2008 already 5.1 million.
Since the beginning of 2009 there are already 2 million jobs lost. In March the job losses were felt in all areas of the economy, in the manufacturing and construction sectors as well as the business and professional services industries,… but they were not the only sectors, also the government trimmed some jobs. The only sectors that added some jobs were the education and the health care services, with 8,000 jobs.
Experts are not optimistic at all, the chief executive of Adecco Group, one of world’s largest employment staffing firm, said that many of the layouts announced in recent months have yet to be implemented. He also predicts that the job loss in April will be between 600,000 and 700,000 and after that in May and June between 300,000 and 400,000. Another expert said that the rising unemployment could influence the consumer confidence and spending, which would lead to more job cuttings.
Not only experts are worried also the government is taking steps to take care of the problems in the job market, with the earlier announced economic stimulus plan.
I think the growing unemployment rate is normal for an economic crisis because a lot of companies have problems and the first thing they do to lower their costs is fire people. But it’s the task of the government to resolve such situation by creating jobs. There is already a stimulus plan for the economy but I don’t think the plan is working because the unemployment rate is still rising so the government has to come with new solutions. But instead of creating jobs they also fire people…
Source:http://money.cnn.com/2009/04/03/news/economy/jobs_march/index.htm?postversion=2009040310
Since the beginning of 2009 there are already 2 million jobs lost. In March the job losses were felt in all areas of the economy, in the manufacturing and construction sectors as well as the business and professional services industries,… but they were not the only sectors, also the government trimmed some jobs. The only sectors that added some jobs were the education and the health care services, with 8,000 jobs.
Experts are not optimistic at all, the chief executive of Adecco Group, one of world’s largest employment staffing firm, said that many of the layouts announced in recent months have yet to be implemented. He also predicts that the job loss in April will be between 600,000 and 700,000 and after that in May and June between 300,000 and 400,000. Another expert said that the rising unemployment could influence the consumer confidence and spending, which would lead to more job cuttings.
Not only experts are worried also the government is taking steps to take care of the problems in the job market, with the earlier announced economic stimulus plan.
I think the growing unemployment rate is normal for an economic crisis because a lot of companies have problems and the first thing they do to lower their costs is fire people. But it’s the task of the government to resolve such situation by creating jobs. There is already a stimulus plan for the economy but I don’t think the plan is working because the unemployment rate is still rising so the government has to come with new solutions. But instead of creating jobs they also fire people…
Source:http://money.cnn.com/2009/04/03/news/economy/jobs_march/index.htm?postversion=2009040310
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