Over the last year, we've all gone back to our daily lives and most of us probably think the economy is getting better, and it is. However, the job market isn't. Job openings are still decreasing and the unemployed are still rising, though layoffs have slowed down. According to Thomas A. Kochan, a labor economist at M.I.T.’s Sloan School of Management. “There’s too much uncertainty out there, There’s not going to be an upsurge in job openings for quite a while, not until employers feel confident the economy is really growing.”
But how do we know the economy is "really growing". The less jobs everyone has, the less they will spend, and the less money companies make to give out paychecks. It's understandable that companies don't want to risk the economy dropping again and lose money from hiring people, but at times like these, the companies are the ones holding the economy back.
-Weilu Jia
8 comments:
I agree with your post, but I there are many other factors that are included in fixing the economy then just jobs.
I agree with both Weilu and Mona. I have also noticed that the job market is not improving, even getting worse.
Just as Mona stated, there are many factors to improving the economy, which will take a lot of time.
What do you guys think are the other factors to improving the economy?
I agree with evveryone. I as a employee see alot of applicants come in and noone is hiring! This is outrageous! Even managers at my job have got cut hours! Yes, the economy may be getting better but jobs are not improving. My friend at SEARS has to be worried because they may close down as well and unfortunantley this is another sighn of the economy not being as positive as it should be.
I agree. Companies need to spend money and get the economy flowing my putting more money into circulation. If everyone only saves their money and no one is buying, the economy is going to remain at a standstill. This may be a little off topic, but an example is Christmas time. During December, the economy usually is pretty good because people are out spending money and therefore more money is in circulation.
I definitely know a couple people who are looking for jobs and applying everyday online. The worst part is no one ever replies back. Why? Most likely they are waiting for that one person willing to work for way less than normal.
The main factor is the availability of jobs so I don't understand how the stock market going up and house prices rising could be an "improving the economy".
At least Walmart is making money.. renovating every single building in the US. Oh yay. It'll look like a huge Safeway now (;
Christmas might work.. but it might also cause people to refrain from buying until after the Christmas season is over for discounts..
Many successful businessmen have made it big because they save their money. For large companies to start hiring without complete certainty that the economy is rising is a bit risky. Just think about it, what if you were put into that position?
Talia, if the consumer expectations are not met during the holiday season, the market might not end up as good as you think.
Weilu, you posted that over the last year, we've all gone back to our daily lives and most of us think the economy is getting better. I don't think that applies to a lot of people. People who live in San Mateo tend to be of the middle class, so that statement may be true for most of the Aragon population. However, many people are still struggling and many people are still living off government checks. That is definitely not the sign of a better economy.
Mona/Joshua: Agreed, there are other factors, but it's rather annoying that large corporations are just greedy -insert word here-.
Sabina: Yes, a friend of mine was telling me how getting a job was near impossible. Managers were only hiring people with "experience" in even the lowest level jobs to squeeze the most work for the lowest cost.
Talia/Lily: Lets hope this Christmas gives the economy a good boost.
Yoda: Again, I think that corporations are big and greedy. Business is all about taking risks at the right time. There is no such thing as having no risk and making big money. You don't see successful companies holding back radical ideas.
My audience happens to be middle class people living in San Mateo that go to Aragon, so my statement is still correct. Most of _US_. The point of my article was to show that the economy isn't as good as everyone thinks.
its funny i saw this article because i was even thinking that jobs were steadying if not increasing a little because it seems all of my friends are getting jobs(probably just friends with connections or they are those lower paid jobs). however, i was shocked to learn that job availability is decreasing that quickly and agree with everyone that this is a serious problem for our economic situation. it is true i live in foster city and do not realize this problem.
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