K.+Travis





=Unemployment is the state of being unemployed. Unemployment has been increasing from 4.4 percent in March 2007 to 6.5 percent now. The stock market has been decresing roughly 40 percent so far this year. Since the recession has been declared, alot of people have been getting laid off and alot of people who don't have jobs and were looking simply gave up. The basic concepts of unemployment are people who are jobless, looking for jobs, and available for work are unemployed. People who are neither employed nor unemployed are not in the labor force. More people without jobs will make it harder for the housing market to rebound anytime soon. Many Economist believe that the current quarter will be the worst of the recession in terms of the bite to gross domestic product, which is the goods and services produced within the U.S.. In 2008, the jobless rate averaged 5.8 percent which is higher than it was in the year 2003. The surveys median cast called for unemployment rate to rise 8.4 percent this year and 8.8 percent next year. = = = =The reason I chose to wirte about this subject in particular is because I feel that this issue is hurting America. I have notice since the recession that alot of people close to me were getting laid off and I watched them suffer to get back on their feet. I personally been trying my absolute hardest finding a job and it's very difficult because of the issues going on. I also feel like the government is taking alot of tax payers money and spending it on pointless things. I notice that the more people lose their jobs, then the less products will be sold. When someone doesn't have a job, money is very scarce. When President Obama came into play, he promised to make change in our country...including unemployment. But since he isn't a miracle worker it will take some time. I just hope change comes soon because our unemployment rates are soaring higher and higher. = = = = = = =

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