Unemployment rate falls

According to the article Unemployment claims fall to lowest level since April, the number of people that applied for unemployment benefits decreased significantly over the last week, and it has been the lowest figure since April with the number below 400,000. Even though this is a very positive result and is showing improvement on job market, it is still only an evaluation of a week. Moreover, the unemployment rate is still at 9.1%; with approximately 14 million people in the United Stated still unemployed. The interesting thing is that there are currently 3 million jobs still available.

Many employers point out the problem with job unemployment now is that the jobs that are currently available require specific skills that many of the unemployed people don’t have. People that fit the job descriptions of aircraft mechanic or advanced manufacturing engineer… etc. are, indeed, difficult to find.

I believe that employment rate is definitely an important factor to a country’s economy. A country with a high unemployment rate might go into a severe recession. With less people employed, a country is likely to produce less goods and services; which contribute to the slowdown of the economic growth. Therefore I think the government definitely focuses on the unemployment rate.

Article- http://money.cnn.com/2011/09/29/news/economy/unemployment_benefits/index.htm

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