The Non-Farm Employment Change numbers come from the U. S. today. The unemployment circumstances remains to be serious. Unemployment is high in the U.S. and consumers do not like this. The USD continues to be vulnerable although it has gained against the EUR in latest trading. Essentially we have seen the Fed institute a plan that means the U.S. economy hasn't suggested sufficient development and if the unemployment situation remains bad you can expect this economic problem to continue.
We have the EUR story with the Greek debt issue and Portuguese ratings.
You have to watch for Gold, it's been potent the last couple of days because risk averse trading has come into the market.
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Bill Dunkelberg, NFIB's chief economist, explains to small business owners what drives the economy in this weekly video series. The unemployment rate remains high at at around 9% even though economic output is back to 2007 levels.
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BY VICTORIA CRAIG
You're watching multisource video political news analysis from Newsy.
There's a four-letter word that’s getting a lot of attention in politics. J-O-B-S. Jobs...and how to create them.
“I am sending this Congress a plan that you should pass right away.” (Video: CBS Early Show)
“If we’re serious about creating jobs in this country, we’ve got to take real action.” (Video: Fox News)
“This bill will serve as a blueprint to bring our country back economically, create jobs” (Video: WPLG)
The Washington Post reports while there were many options on the table, none of them have hit the sweet spot.
“There is a Senate Republican jobs plan and a House Republican jobs plan. There is a Democratic jobs plan and a progressive jobs plan. There is a new presidential jobs plan and an old presidential jobs plan... What Washington lacks is an actual jobs plan, with sufficient agreement from both parties to actually create jobs.”
But with all the disagreement in Washington over what to do about jobs, the executive editor of CBS Money Watch**** argues the solution may not come from a Congressional jobs package.
“We’re becoming a service economy. This has been happening for a long time. Health care is the most obvious service...there’s been a demographic trend, more people are getting older, going to need health care and if the Affordable Care Act comes online, that’s 34 million people who suddenly have health care, a lot of primary care physicians and nurses to take care of those people. “
But a writer for the Fiscal Times points out the downside to hoping the economy will fix itself-- saying the longer someone is unemployed, the more likely it is they’ll stay unemployed.
“The long-term jobless are losing their skills and their employment connections, and are drifting further away from the labor force. The most effective policy in that case would be retraining for the unemployed and education geared toward growth industries.”
And as MSNBC reports-- many of those who are unemployed are looking for labor jobs that are now harder to come by, especially in southern states.
“...the region relied heavily on manufacturing and construction for growth and it was slammed by the downturn, especially in the housing market.”
As debate goes on in Washington, many say the dispute comes down to a fundamental difference between Democrats and Republicans. One analyst tells Bloomberg, that historical divide could be the reason America has yet to see a viable job creation plan.
“We certainly need to set aside the partisan debate. But we have differences on views on what the economy needs now to recover and start to grow and create jobs. There is an ideological base, there’s partisan base to that, but there are fundamental disagreements over what the right economic policy is.”
After President Obama’s most recent proposal failed to pass Congress Tuesday, Republicans rolled out yet another plan. Whether this one will make it through Congress...well, it’s anyone guess.
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Senerath from Colombo asked Chatback, "I'm unemployed, broke and alone. What should I do?" We all need to feel useful, loved and have a little financial security and with all three absent, life can get awfully depressing. The Chatback crew look for some answers.
Got a Real Life Question? Get an Answer from ChatbackTV!
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