This blog is for discussing issues in our complex global economy.
Economist’s expected the rate to rise .1 percent so this is good news:
Jobs report shows unemployment unchanged
I think it’s funny how even the weather is keeping the unemployment rate down. American’s just can catch a break. Well in the East Coast anyway. But the temporary jobs are definitely the silver lining. They are no doubt a result of the American Recovery and Reinvestment Act (ARRA). We discussed this in an earlier blog, but I said that everytime I drive into Berkeley I see a sign for this that says “Putting America to work” and I agree that it has. The new job bill they are proposing I think will create many job, especially in the highway and transit programs. $15 billion can go a long way, but it wont do anything unless it’s passed.
I like what Christopher had to say…i was thinking the same exact thing about how ridiculous/funny it is that even the weather has a hardcore impact on the unemployment rate! poor america…but we are starting to recover and get out of this so that’s good to see. it’s too bad to hear about construction, but i’m sure once we’re in summer things will change for them hopefully
I agree with what Christopher and Kathryn had to say. It’s weird how the weather has such an impact on the unemployment rate. I guess we really just cant catch a break, and when things are bad they just keep getting worst. Hopefully construction gets better and the weather will improve so our unemployment rate will start going down.
It is interesting how the weather effects unemployment. One would think there might be more jobs due to weather related incidents, but those are probably relegated to people trained in disaster type fields. It is too bad that we have to wait for a bill to get passed in government when the need and availability of employable people is right now. The transit and highway programs are always in need and one would have thought the money had already been allocated for the jobs. I know there are a lot of people who would be willing to lay pavement and shovel rock in order to get a paycheck.
I find it strange that the cause of the stagnant unemployment rate is attributed to the weather. I’ve never heard of such a thing. “The snow also likely impacted the number of workers who were seeking full-time employment but were working only part-time hours.” I know so many people who work part time but wish to work full time. It is so saddening to hear that although many people would like to work there are just not enough jobs.
I guess the economy is like a battlefield. Other factors affect the way we fight, not the technology or tactics we use but the natural elements as well.
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