Student Blog: Thoughts On The Law And The Legal Field
JOBS JOBS JOBS
With the thoughts that the inflation is over, prices have begun to go up. Analysts are predicting inflation for the coming year. However, inflation may already be here. With the increase in stock value, businesses have begun to adjust their prices to almost double what they were in 2009. Prices are going up, but the value of the stock market and oil have not. The price does not definitively represent the value of these items.
The trouble with this is that many Americans still do not have jobs. According to February 5, 2010's job report via MSNBC, "First, the good news: The unemployment rate unexpectedly dropped from 10.0% to 9.7%. The bad news: Another 20,000 jobs were lost in January, although that is the second-best monthly number in the past two years." With prices going up, people are still hard pressed to buy the things they need without maxing out their credit cards. Although unemployment may be improving, there are still many people out there without jobs that will not be able to keep up with the rising prices.
Additionally, the government plans on creating new jobs in addition to its stimulus packages. However, in the end, the US taxpayers are the ones funding these bills. There is also the speculation that the new jobs that have been created so far have in fact not helped the unemployment number. While these statistics have been hotly debated, it will take time to see what the actual effects will be.
Sources: http://firstread.msnbc.msn.com/archive/2010/02/05/2195404.aspx
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