Student Blog: Thoughts On The Law And The Legal Field
POSITIVE THINKING FOR THE ECONOMY
The new numbers for the unemployment rate came out last Friday and it shows that our employment crisis remains unchanged. While there is the appearance is that our economy has gotten better, the fact of the matter is that our economy is not as bad as most analysts have predicted.
The Labor Department said the economy lost 36,000 jobs in the month, fewer than the 68,000 jobs economists were expecting, according to a survey conducted by Briefing.com. The results were still worse than the previous month, as just 26,000 jobs were lost in January, according to a revised estimate. But there was no significant change in the number of unemployed workers, and the unemployment rate held steady at 9.7%. Economists surveyed by Briefing.com were expecting an increase to 9.8%.
While many extrinsic factors may have something to do with our current crisis, (i.e. weather conditions, work productivity due to sporting events, etc.) our economy still suffers from the repercussions of overspending and bad decisions. It will take a while before America can get back to a stable economy, where people aren’t losing their jobs, the job market will be more promising, and people will restore their faith again in our government. Until then, it seems like America is either in the calm before the storm, steadily maintaining its employment rates without further disaster, or we could have seen the worst of it all, and hope that things will get better with time. Lastly, the most unnerving scenario would be that we have yet to see how bad this situation could get. While analysts and economists have their theories on how this will play out, it’s safe to say that people are grateful for the jobs that they have and that we are still holding strong as a nation to overcome adversities that come our way. While that might be a naïve perspective on the current situation, I am a firm believer that positive thinking can get you through anything. So naysayers can continue scaring the American people, but all we can hope to happen is that things will get better and we will get out of this rut.
COMMENTS
Be the first to comment!
You must sign in before you can comment.
