The unemployment rate in USA has almost reached the 10% mark and currently stands at 9.8%. Although the economy has been growing for the last three months the unemployment levels have not apparently heard about that. While somebody might be perplexed about this situation I am not because I already predicted that this will happen.
Yes the economy is improving there is no denying that, but it is still only improving on paper and no actual improving cannot be seen. I do not think that this situation will greatly change in the next tree months. The unemployment levels will start to decrease only when stability returns. Stability will bring back consumer confidence which means more money influx into all markets. Healthy markets will create new jobs as recovering companies will need more workers to reach previous levels of productivity. When will this happen? Who knows! I hope that 2010 will be a good year and that certain stability will return. If the economy keeps it course then the companies will gain more confidence and thus decrease unemployment levels.
What can we do in the mean time? Basically nothing! Those who still have of job will do anything possible to keep it. Those who do not have a job will basically just do anything. The winter will be hard for us all so lets hope that the new year will bring better news that this one.
