Unemployment

The United States entered a recession in 2007. During this time period unemployment has decreased at an extremely fast pace. The need for jobs has become more and more vital as the need for money increases. As of December 2009 the unemployment rate had reached 10%. In December the nation lost around 85,000 jobs. The economy is down and as a result people are unable to keep their jobs as companies need to make cut backs. There is a definite need for jobs to be created because it would stimulate the economy as a whole. The economy affects all aspects of life for not only the people of America, but all around the world. November of 2009 was the first time since 2007 where a month actually produced more jobs than it lost. In December the people who were unemployed or only had part time jobs who were in need of fulltime jobs was at a staggering 17.3%. That is almost one fifth of the nation who does not have the job they need in order to support themselves or their family. The President has issued a 787 billion dollar bill that is used to produce jobs for Americans. It has helped bring down unemployment for its highest at 10% down to 9.7%. This is an improvement, but unemployment was at only 7.6% when Obama took office and since has declined over 2 % even with the new numbers. Not only are people out of work, but they are staying out of work for more than 27 weeks at a time. The overall economy is struggling and the outlook has shown signs of change, but overall it looks grim.