Wednesday, September 25, 2013

Unemplyment 9/25

http://www.tradingeconomics.com/charts/united-states-unemployment-rate.png?s=usurtot&d1=19480101&d2=20131231 From the Website above, there is a link to an unemployment chart that goes back to as far as 1948. This is a great representation of our economy in the past 65 years. You can clearly see that the economy is constantly rising and sinking. The unemployment rates from 1948-1975 were averaged out to be right around 5%. If you look right past 1975 into 1976, you can see that unemployment rates dramatically increased to average out at about 7%. This is probably due to the stock market losing 40% in an 18 month period which led to the great inflation of the 70's. The economy/unemployment rate didn't get any better until about the late 80's entering the early 90's as you can see in the graph. Up until 2007, the unemployment rate was staying decently consistent at right around a 5% unemployment rate. As soon as 2007 hit, the unemployment rate skyrocketed to 10%. This was caused mainly from the hundreds of thousands of jobs that were lost. I believe these jobs were lost because our government is trying to get out of debt and to do so there needs to be cuts in order to make up the money that was lost in recent years. Soon enough the unemployment rate will drop and eventually spike right back up again.

Friday, September 20, 2013

http://www.edd.ca.gov/unemployment/Federal_Unemployment_Insurance_Extensions.htm New Developments on Federal Unemployment Extensions and Benefit Cuts (Updated September 17, 2013) The percent of unemployment is slightly rising over 7.6% as of last month (http\://rt.com/usa/may-jobs-unemployment-report-381/. Several new benfits for workers that are currently unemployed have been created. To be exact, 10 new benefits have been created according to The California Employment Development Department(EDD). Most of these benefits are however extensions to previous unemployment policies. There has also been a 17.69% sequation cut. What this means is the government is spending more money on lets say healthcare benefits and to do this they are cutting the sequation to use the money in other places. I personally think cutting sequation for more important benefits is a deent idea. I dont agree with the 10 new benefits that are being created; even though they're mainly just extensions. THis is just causing the government to throw more money into the public that we dont have. Could this cause more national debt?

Unemployment 9/09

http://www.ibtimes.com/us-august-jobs-report-2013-169k-nonfarm-payroll-growth-unemployment-rate-drops-73-1403102

I really don't understand why so many jobs are being created  or how they're being created. Every month there are maybe 150k jobs created in the united states, BUT the unemployment rate is till decreasing. If jobs are being created, how is the unemployment rate rising? In July there were supposed to be 180k jobs created in the US; however, there were only 169k created. If our country is in such economic debt, where is the money for these 169k jobs coming from?

The article informs you on how "The labor market is stagnant." As in it keeps fluctuating up and down. If the debt of the US needs to start being fixed, I believe all these jobs cant continuously keep being created and if they are it needs to be at a slower pace. The jobs are being created but yet people are losing their jobs everyday therefore the employment rate needs to be brought up on a l