"WASHINGTON (MarketWatch) — The number of Americans who applied last week for new unemployment benefits jumped to a four-month high, the Labor Department said Thursday, though much of the increase might reflect seasonal quirks related to the Easter holiday and spring break."
According to this article by market Watch for the WSJ its looks like last week was a hot time for people seeking jobs. The article suggests this maybe because of slow downs in job creation along other factors. The fact is that jobless claims have rose by 28,000 last week. This is the highest since November. Do you think this is simply because people a lot of people are looking for jobs right now, or do you blame the economy?
In an ideal world, what is the solution to high unemployment? As many of us are applying for jobs do you feel the effects of a struggling economy? What would you like to see the government do in response? What about the central banks?
I didn't realize the unemployment was still rising just because everyone I've known that has graduated from K has a job right now. Then again, all of my friends who haven't graduated from college or aren't attending college don't have above minimum wage jobs.
ReplyDeleteI think maybe people are also graduating from college with majors that aren't applicable to the job markets.
I think its a combination of both, college students seeking jobs right now and the economy slowly on the uprise that is causing many uneducated and older citizens to become unemployed. Now a days it's extremely difficult to get a well-paying job without a Bachelors degree. When there are several thousands of college students across the country applying for jobs all around the same time it makes it hard for the uneducated to compete, resulting in unemployment to rise. I also think that many companies at this time are higher right-out-of college grads because they can pay less than older individuals who possess more experience and higher financial needs, causing older citizens to become unemployed to the younger generation.
ReplyDeleteI actually know a few recent K graduates that are currently unemployed. If the issue of unemployment is due to education, perhaps the government should focus on encouraging higher education. But then, if successful, would the addition of more college graduates into the job market help the issue of unemployment or make it worse?
ReplyDeleteI agree with Jake and Erica. I think that there are obviously many factors affecting these statistics, such as more college graduates and the current job market. I will agree with Erica in saying that I know of college graduates who are either unemployed or underemployed, as they could not find the jobs that they were looking for. It is an unfortunate problem.
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