Difficulty finding and keeping jobs seems to be the most fundamental problem facing today's economy. However a slight drop in demands for unemployment benefits are "offering some hope for the anemic labor market recovery". As people find jobs, more money can circulate through the economy, preventing a total collapse. However this current lack of jobs prevents the economy from recovering, "from its longest and deepest recession since the 1930s. Hopefully, with the plans and stimulus packages the Obama Administration plans on fueling into the economy, conditions will improve within the next few months.
Article Referenced:
Reuters. "Weekly Jobless Claims in U.S. Decline". NYTimes. New York Times. 29 July 2010. Web. 29 August 2010.
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