Thursday, May 19, 2011

US Job Market

Here is a illustrative article on the US Job Market. As the article states, the month of April was a bump in the road for unemployment improvement. It goes on to say that we have been seeing slight improvements, but it will take a long time until we fully recover.

What do people think?

Are there steps that the government should be taking to create jobs quicker?

Do we have our priorities mixed up?

Should we show a little more love to "main street"?
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5 comments:

  1. Dane CareyMay 19, 2011 at 9:58 AM

    shoot, just take the http// off of the link in your browser address bar. I am struggling with these links...here is the address though:

    http://www.bloomberg.com/news/2011-05-19/jobless-claims-in-u-s-fall-more-than-forecast-to-409-000-reversing-surge.html

    ReplyDelete
  2. Laura KochMay 19, 2011 at 1:09 PM

    The employment market responds to the boom/bust business cycle like the housing market. Economic indicators dropping in April after months of improving shows we may not be in an upward swing. As our last book underlined, without consumer confidence financial and other markets will succeed.

    As unemployment benefits dwindle, people may be accepting jobs that make they underemployed because they do not have other alternatives.

    ReplyDelete
  3. MARKMay 19, 2011 at 5:16 PM

    Yeah, this is going to be a slow crawl. Like they said at the end of the article, it could take another 4-6 years to get back to a long-term, natural unemployment level (around 5.5-6%).

    ReplyDelete
  4. UnknownMay 19, 2011 at 7:34 PM

    Interesting. Thanks

    ReplyDelete
  5. Chris DendrinosMay 21, 2011 at 3:40 PM

    I think any additional action the government takes to spur job growth will cost them money, which they dont have, and will be unsustainable.

    ReplyDelete

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