Sunday, December 6, 2009

Drop in Unemployment rate DOES matter

In response to my fellow colleague's article, the reason it matters that unemployment rates have dropped is because it shows a reversal of trends against the recession. For example the price of gold which had gone dramatically up in the last few years took a sharp fall due to the new strength of the dollar directly because of the unemployment rates dropping. While yes I agree that .2% is hardly anything in respect to the overall problem it is at least showing signs of improvement which we have not seen in several years. The economy is finally showing optimism for a lasting improvement that we the American people have needed to see signs of for so long. The general attitude has been so low recently that any upturn is welcomed and we will take our victories, no matter how small where ever we can get them. The issue that raised about extra workers being hired for the holiday season also does not apply, in October we lost 111,000 jobs compared to November being only 11,000. While your fiance may have been laid off that one instance that you are choosing to look at does not mirror the overall picture in the United States job economy. The members of the Senate and Congress are also in a better position to see the trends than we are as well, they have the liberty of stepping back and examing the problem not just trying to cure the symptoms as they occur. I for one, do not want my lawmakers to be struggling with their own personal debt issues and not concentrating on the problems and laws that need to be made. The only people in some ways that even need to see this slight upturn are the investors responsible for pumping money into our economy. We all would love to be back when we all had good jobs and money, but that is not the way that life works and a recession was coming we just happened to land in the middle of it. President Obama agreed that while we are happy to see this improvement, the struggle is far from over. There is now hope where once there was none.

No comments:

Post a Comment