Unemployment

Three weeks of Vicarious Tomb has embellished upon our naked eye to realize an actualization of what is occurring upon in this life on earth. This week we are going to tackle unemployment. Unemployment is a distasteful word for many to utter around the world. If you currently are working no matter how bad the job is you should be happy. We are in a recession that has been around since Dec 2007, prior to the last year of the President Bush’s second administration. We are watching the media contently to see what current trends unfold each day for us the people.
As of last quarter in 2008, employment lost 2.6 million workers forcing U.S. unemployment to increase. Have no fear 92.8 percent of people are employed in the United States as they endure the economy’s threshold to Panics, Recession, Crisis and Depressions. Currently, as of the Bureau of Labor Statistics had announced in number that woman held 49.1 percent of the jobs in our current economy. Being that layoffs are common now they produce our economical slow down. America has only 7.6 million people unemployed of a mere 234,739 million in the labor force. The trends are very fitting to induce commentators to say that our current economy is similar to a post war depression era.
Global economies are having similar events take place all over the world. Even foreign competitors are being hurt in the export department. China’s economy recently endured 20 to 130 million workers sent home unemployed. This was due to the lack of exports. The Irish Republic has set a record since 1967 for jobless. Ireland has been in recession since Sept 2008. Firms in England and Wales have had a major decrease in jobs losses. It looks like the entire world is failing in job markets that are needed to strengthen the economy.
Barack Obama has set a new standard for executive pay in the economy: The $500,000 salary cap was issued except for stocks, a disclosed pay for shareholders in a nonbinding vote, and bonuses taken back if there is falsity. This will hopefully level out the economy in reinvesting money for instead of misuse guidance’s and bad spending that CEO’s used in the past. President Obama is using the John F. Kennedy approach to Keynesian economics. In Keynesian economics they used deficit spending to stimulate the economy in time of recession to stimulate growth of the Union. Tax cuts are a must for this type of economy to succeed in a depressed economy. Being that these bills need to be passed in the house, senate and get an executive signature are less favorable from economists of the 1960s experience. The stimulus package from the senate has currently been etched out at $884 to 900 billion. Still the American people are waiting for a change in society as the era of a new presidency unfolds. The new job industry is kicking a greener view upon a cleaner earth, to establish alternative energy sources for jobs in the still young industry. Jobs are still at an all time low in our current recession. However, the main focus is our eco-system due to global warming becoming a rapid issue.
Unemployment is a serious issue in our society and should not be passed over due to its impact on family life. These people strengthen the bond in an economy to empower the nation and inspire students to get a real job in building a better America. Let us dig deeper and view the impact of one man’s life due to unemployment.
Thomas Swartz an ex-auto salesman was recently forced unemployed due to a company’s down size. It has been three months since Mr. Swartz has worked. Being the age of 33 Swartz is fortunate that Mrs. Swartz is currently working in the health care industry to provide for his two sons and daughter. Swartz can file for a 1099-G tax statement for an unemployment check, but that will not last long for his family’s expenses. “I am really worried about the future for the job market” the man quoted; expressing that jobs have moved away from the New York area ever since Wall Street fell. Resumes have been distributed, e-mails for position inquiries, applications applied to, online job hunting sites explored and still no luck for Thomas. “No one wants to purchase goods or invest because they do not trust these companies.” We can only hope in times of an economic depression that we will make it through and will become a stronger United States of America.