Thursday, February 24, 2011

Unemployment Rates Stay Put

Ben Bernanke and the Federal Reserve have predicted that the unemployment rates will remain near 9% for the rest of the year. About 14 million Americans are out of work right now, and the number is predicted to stay there. This is a very crucial issue in the United States, as the unemployment rate is higher now than it has been in decades. One pressing matter at the heart of the issue is that of "The unemployed need not apply" This is the notion that if there is a job out there that needs to be filled, the employer typically will not hire someone who currently doesn't have a job, thus excluding 14 million people right off the bat. This is not a good sign for our economy. It is already harder than ever for unemployed people to find a job, let alone automatically be excluded for the offers they are interested in. The United States needs to change this so we don't fall into deeper crisis than we already are.

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