US unemployment rate hit a six-year low in September
BBCNews. com
Link: http://www.bbc.com/news/business-29479533
This article also talked about the low rate of unemployment for
uneducated Americans this past September. The authors of this article took a
positive approach to this drop in the unemployment rate. They were trying to
convince the readers that this drop was a good thing for the economy. They did
not mention that this drop was mostly due to people who stopped looking for
jobs. The article did state that 248,000 low skill jobs were created in September,
but I do not believe that this is a large number in terms of the entire economy
of the United States. This article was obviously biased in its views and the
points that it made.
The United States labor department claims that 69,000 jobs
were created between July and August of this year than was projected by
economists. You may think this is a pretty good number. That is not the case.
Over 100,000 Americans stopped looking for jobs at that time. This article does
not give the full story. Another thing
mentioned in this article was a quote by Paul Nolte, who is an economist from
Chicago. He said "This (jobless) number will continue to
support the notion that the economy is growing." I completely agree
with him when he says this. People are being tricked into thinking that
everything is going great in the American economy, when in reality things are not
all that great. If people would do the research themselves they would easily
figure all this out.
Solid blog Billy. I completely agree with what you are saying. America can provide a lot of low end jobs, but the jobs do not serve any benefit is no one wants to work. A wise man once said "You can lead a horse to water, but you can't make it drink"
ReplyDeleteI agree with you and this article is nice because it is positive and optimistic.
ReplyDeleteThis makes you think about the numbers you see and how they are not always a good representation of the facts.
ReplyDelete