Global Economic Crisis

There are quite a lot of people who are keeping a close look at the unemployment rate. This is something that a lot of people are worried about. Month after month, people keep on losing jobs and yet the government seems happy to announce that the unemployment rate has fallen from 9.7% to 9.5%. This is quite an amazing figure, given the fact that the US economy has lost as many as 36000 jobs in the month of February, 2010. When the number of people losing jobs is so high, how can the unemployment rate ever go down? It is obvious that there is something more to this than meets the eye.

Some people say that the increase in exports has caused the unemployment rate to fall at a faster pace. This is not fully true, as increase in jobs in some sectors has also come along with a loss of jobs in other sectors. You have to look beyond the bare the figures to realize as to what is the real picture. There are many things and factors that go in to the unemployment rate, and you cannot just look at only a few isolated factors to determined the unemployment rate.

Tags: unemployment rate, US economy

This entry was posted on Tuesday, March 9th, 2010 at 7:59 am and is filed under Economics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.