Unemployment Rates Rising Again
by The jobless rate has remained above 9% for 19 straight months, the longest stretch on record since the Labor Department started tracking unemployment in 1949.
Everyone knows unemployment is an issue. However, the unemployment rate is still rising. There are thousands of people, able and ready to work that can’t find jobs. The time we are in now, economically, is unmatched by any other time in the history of America.
Just to keep up with population growth, we would have to supply 150,000 new jobs every single month. That number, however, wouldn’t put a dent in the 9.8% unemployment rate. It would only keep up with population growth to keep that 9.8% where it is. To make an impact on the current rate, we would have to have 300,000 jobs created a month to start to diminish it. That’s quite a bit of jobs, especially in an economy where small businesses are afraid to hire and big businesses just aren’t hiring.
Many economists had predicted the unemployment rate to stay the same as the past 3 months, 9.6%. But, as I pointed out, it didn’t. Democrats and Republicans are always lobbying and pointing fingers at one another and coming up with new rules and regulations. The problem is they don’t work together. There needs to be some kind of common ground where they can come together and say “Hey, our economy sucks, let’s fix it,” right? Isn’t that the reason we vote them into office, to make a difference, to help us?
Some of the leading causes of unemployment are tax increases, health care costs and new regulations for businesses. Interestingly enough, all of those things come from our lawmakers…I wonder who is messing up, them or us?
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Post CommentMichal Dorcak
On December 4, 2010 at 12:11 pm
This is sad. Though, it seems that unemployment rises pretty much everywhere around the globe. Here in Slovakia, it rises too. Even some half or more of university graduates stay unemployed every year (and percentages keep rising every year).
Though, our government managed to decrease these numbers a lot. They made a nice law to f*ck with the numbers. So, statistically speaking, unemployment is far lower than in reality. Only reason for that being the fact that to count as officially unemployed thus receive at least some help from the state, you need to check in periodically every two weeks or so (and many unemployed even do not have the money for transportation to nearest office) and also meet some pretty uncomfortable requirements (bring proofs that you were somewhere asking for a job, though most employers refuse to issue such a paper, apart from this, you have to take any job they offer you, otherwise you will be excluded from the database. And to be honest, who would be willing to work like a slave for minimal wage the entire day, especially when that minimal wage is too low to support a decent life. Getting a good job through this office is impossible. Only jobs from dishonest employers are available there as those are the only ones that no one will take thus the only ones remaining for unemployed. Though, they will not take those jobs either). So, most people said f*ck you and decided to ignore the office responsible for this and rather work illegally or not at all.
Oh, and sorry that I wrote such a long comment full of something that probably will not interest you. I could not help myself and had to speak my mind
aleah
On December 4, 2010 at 9:06 pm
A lot of my American friends are struggling now because of unemployment. I think we must all find an alternative way of earning money. The economy’s so unstable these days.