Prospects started to look up this past Friday as the announcement that America’s unemployment rate fell to 8.3%, adding 247,000 new jobs to the economy. Is this the boost the United States needs, or are we still in the same old mess?
As many are undoubtedly aware, the unemployment rate in the United States has remained at around 9.5%, occasionally spiking at over 10% in some areas. Republicans like to blame the non-recovery and the state of the economy on Barack Obama.
Let us not forget George W. Bush, however, and his blatant lack of concern or vigilance toward these economic problems that were staring him in the face at the end of his presidency.
Despite the relatively uplifting news, the United States is still looking down a long dark tunnel with the light not quite in sight yet.
One of the dark realities Americans and economists must understand about these new figures is that they are mostly statistical, and they hold little real-world value in terms of our economy.
The drop in unemployment rates is largely to due to a number of Americans who are no longer seeking jobs and do not qualify for unemployment any longer. There are just about the same number of adults still out of work as there were three years ago.
Furthermore according to an article on Fox News, many of the jobs that have been created in the past couple months are not high paying jobs. They are centered mostly in the service industry and clerical work. There were more jobs created for waiters, file clerks, teachers’ assistants, and nurses’ aids than their higher paying counterparts.
Finding a job in the first place can sometimes prove a harder and more involved task than the actual job itself. Professional HR recruiter Fredrich Lancaster says a good work ethic and a strong job history are the most important factors in choosing an employee.
As written on one of Lancaster’s blogs, ”employers want new hires to mesh well with their work ethic.” And for every employer, that work ethic is fairly straightforward – work as hard as you can at your job.
As the 2012 Presidential election draws near, voters are taking a close look at what Republican front-runner Mitt Romney has to say on the issue. Romney, a prudent businessman, understands much of the problem we find ourselves in today, but are his policies the best for America?
Economically, Romney is mostly on-point, leveling the playing field for U.S. businesses competing with China, fixing corruption on Wall Street, curbing health care costs, and decreasing the dependence on foreign oil.
This is one of the places Republicans always fall off-track for me – oil. Why would they want to continue sinking money into a dying industry like fossil fuels? It is still profitable, and will remain profitable, while there is supply.
However, oil is an extremely limited resource and is destroying our environment. By committing to domestic oil production, we tie ourselves to this product and will continue increasing our dependence on it.
If you continue to dig a little deeper around Mitt Romney’s position, you will inevitably discover many inconsistencies. Romney claims his time at Bain Capital made him a job creator. Taking apart companies to the bare bone and firing employees so profit margins would increase really gives you experience in job creating, huh Mitt?
If Republicans like Romney really want to turn the economy around and save the United States, they have to do a little more than what’s normally expected of them. It is going to take more than tax cuts and deregulation to turn this mess around.