Monday, 5 September 2011
Dollars That No Longer Make Sense
With unemployment hovering America is scrambling to make sense from every dollar that is spent.
In the month of June 2011 employers in the USA only created 18,000 jobs. Raising the unemployment level to 9.2% by the end of June. The highest seen all year. For the record, when Obama took office in January 2009, the “official” unemployment rate in seasonally adjusted numbers was 7.7%, with 11,919,000 people reported themselves as unemployed and actively looking.
Last month figure’s showed 200,000 more workers joined the ranks of the unemployed. This brings the number to currently 14.1 million Americas without a job. Average length of unemployment is just under 40 weeks the longest it has been since 1948.
The dollars that no longer make sense are to many of those Americans. Beginning with the employers that are reluctant to hire new workers until they begin to see some reassurance that the economy is really going to turn the cents into real dollars. Other Americans that see dollars no longer make sense are the one’s suffering from this recession while trying to stretch a dollar from a pocket full of cents.
Many employers in the U.S. are wanting to see more credit and easier demand before taking on the responsibility of hiring new employees.
Some companies, such as Ford, NCR, Coleman, and Peerless Industries, have shifted some production from China back to the United States. Zinser and Runiewicz believe this trend will continue. That means more jobs in the United States, though not as many as in the past. It also means a different type of workforce.
When a dollars begin to take its role of making more sense again the Americas will feel more at ease with the future.