Saturday, February 13, 2010
US Jobless claims decreasing
States are finally reporting appropriate base levels of jobless claims. This is an indicator for investors and our economy of firms starting to hire more people. The past two months have been preventing and helping the deteriorating economy. Firms still may be hiring but payrolls have been decreasing every month since November 2007. The White House expects that the economy will add an average of 95,000 jobs a month. This is an encouraging report which gives investors and people looking for work good news.
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3 comments:
This article is consistent with what our guest speaker Leo De Bever said in class today. It goes along with his prediction that, although finding a job now is relatively difficult, there could possibly be a labor shortage in about five years or so due to the retirement of the baby boomers. This article and his comments in class today are good news for us
Following the sentiments of Dr. De Bever, our generation of students have the opportunity to take charge in the recovery of the economy and in 5-7 years, many of us will be in the position to affect the economy through our respective occupations. Going back to this article though, even though jobless claims are decreasing, it will still be difficult around the time that we graduate to find jobs because the big picture still shows an unemployment rate of 9.7%. However it is encouraging news to see that we are showing continued signs of recovery.
I agree with what Jordan and Kyle have said. Dr. Bever said that even though right now some firms are laying off workers, others are hiring a minimum, in 5-6 years there could be a shortage of labor. He also said that a lot of people will shift between sectors and change jobs a number of times until they find one that completely interests them.
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