For the unemployed out there, I can only offer some economic view on what needs to happen. According to Okun's law, there needs to be a 2.5% growth in the GDP in order for unemployment to go down. The GDP figure was released last week and well, unemployment won't be going down for a while. Sorry guys, until the economy picks up somehow either through increase consumption spending, govt expenditures in the form of jobs, or increased business investment the economy will not grow to the required 2.5% and will not lower unemployment.
Slashdot Mirror
For the unemployed out there, I can only offer some economic view on what needs to happen. According to Okun's law, there needs to be a 2.5% growth in the GDP in order for unemployment to go down. The GDP figure was released last week and well, unemployment won't be going down for a while. Sorry guys, until the economy picks up somehow either through increase consumption spending, govt expenditures in the form of jobs, or increased business investment the economy will not grow to the required 2.5% and will not lower unemployment.