The unemployment rates for October in metropolitan areas either rose or did not change since September. Considering most economists consider a decrease in unemployment to be the final indicator of recovery, this is not good news and we can expect the recession to continue. Obama is holding a "jobs summit" where he will meet with economists and advisors to discuss options for job creation.
The stimulus package includes provisions for mobilizing millions of jobs, so it's curious that these measures have not been implemented. My dad's theory is that Obama is focusing on healthcare and that jobs will come later. It makes sense, considering the need for "political capital." But still, partisan politics result in policy gridlock and do nothing but harm the American people. The leaders of our nation should be able to tackle multiple pressing issues at once. I hate this crap.
CNN's Economy Tracker:
No comments:
Post a Comment