Business

Unemployment still increasing
by kristina leskova

Look around you and count how many people are unemployed. Are there many? Or are you a lucky person who is employed and does not need to worry about the employment. It does not matter where you belong one thing is a fact – the unemployment rate is really high. Last reports say that the unemployment will be still worse and this means that the recovery will remain weak in the coming weeks. There are some economic indicators that are very carefully watched by the experts and if these indicators are not raising it means that the economy will not grow, too. And in October the raise was less than analysts expected. This is not a good sign. If the consumers can not see any ! improvement they do not want to increase their spending. And consumers are the power that can change the economy. There are still more and more people who are unemployed and even more workers will have to worry about their future. The laid off workers seek for unemployment benefits because this is the only chance how to get money for paying the costs like housing, food, clothes or other necessary payments. It is sure that there is huge need for creating new jobs. People need to work but there are not as many working positions as it is needed. The companies have still financial problems and they will not accept new employees. Maybe the only good information is that job losses in November will be less than in October. The employers cut 190 000 working positions in October and in the previous month it was about 219 000. For this month – November it is expected to cut about 125 000 jobs. Even though this number is decreasing it is still not good. The economy has to crea! te new jobs and this will encourage the people to believe in i! mproveme nt.

related story (sgx15966): http://news.yahoo.com/s/ap/20091119/ap_on_bi_go_ec_fi/us_eco...

by kristina leskova for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

posted by Blog TechSource @ 1:42 PM