Unemployment rate goes up (statistics, Obama, March, companies)
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First, stimulus packages historically have been in multiple stages throughout a recession so there was always more than one. The first package stops the bleeding while the second and subsequent ones spur economic growth. This last recession we only had 1 stimulus package which only stopped the bleeding, in which it did. We did not add another or 2 to actually stimulate growth which is what should have been done.
Second, I will not lay claim that nor can anyone really how they calculate unemployment. To say the very least it's a highly flawed calculation. It's the beginning of the year so hiring always picks back up (now whether or not companies can find qualified people is a different story). We just ended the holiday season and of course last quarter is usually a hiring freeze by companies historically so you have seasonal down and no hiring esp. during the last month of the year and early into the new year. The construction season for the most part is on hiatus until March or so when the weather gets nicer in the MW and EC and construction workers who are now filing for UE will be back on the job shortly hopefully.
First, stimulus packages historically have been in multiple stages throughout a recession so there was always more than one. The first package stops the bleeding while the second and subsequent ones spur economic growth. This last recession we only had 1 stimulus package which only stopped the bleeding, in which it did. We did not add another or 2 to actually stimulate growth which is what should have been done.
Second, I will not lay claim that nor can anyone really how they calculate unemployment. To say the very least it's a highly flawed calculation. It's the beginning of the year so hiring always picks back up (now whether or not companies can find qualified people is a different story). We just ended the holiday season and of course last quarter is usually a hiring freeze by companies historically so you have seasonal down and no hiring esp. during the last month of the year and early into the new year. The construction season for the most part is on hiatus until March or so when the weather gets nicer in the MW and EC and construction workers who are now filing for UE will be back on the job shortly hopefully.
Don't let fact and actual UE numbers get in your way....
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