President Barak Obama where are the jobs?
President Barak Obama
President Barak Obama where are the jobs?,Jobs that were promised in 2008.
On 4/2/11,The labor department reported that unemployment fell to 8.8% in March, lowest since March 2009.The news would appear that we are moving into a job expansion stage of a jobless economy.Economists predict that employers will add jobs for the rest of the year.
During the recession about 7.5 million jobs were lost. In March 2011, the unemployed rate dipped to 13.5 million from a high of 14.3 million. President Obama recently said that since taking office in 2009, his administration has created 1.5 million jobs.
A big factor in lower unemployment figures were that those workers who gave up looking for work during the downturn were not counted in the total unemployment calculations.Local governments were forced to layoff workers due to lower shortfalls in sale taxes and other sources.
Falling home prices and bank foreclosures continue to support a weak economy. The job market changed when factories added 17,000 jobs, retailers added 18,000 jobs ,financial services added 6,000 jobs ,educational and health services expanded employment to 45,000 jobs and leisure and hospitality added another37,000 jobs.
More than 75% of the nations 372 largest metro areas reported lower unemployment rates in Feb. One needs to consider that the gains may be distorted because of temporary retail employment after the holidays. Another factor in the increase of employment is that the auto industry and other manufacturing industries have increased production.
Businesses have been reluctant to hire because of the weak economy, increases in oil prices, concerns as to the healthcare reform laws , new government regulations and the uncertainty of what Congress and the President will agree to in controlling taxes, spending and finalizing the 2010-2011 budget including the 2012 budget.
Employers are also revaluating the kind of workers they want for the future. When the change comes and it’s time to ramp up production, will there be enough skilled workers to manage microprocessors, computers and other personal in the technology world of tomorrow.
A possible collapse in the recent gains in turning the United States economy around could occur if certain economic conditions are not brought under control by our government. The rising cost of gasoline, food, meat, transportation, the wars and riots in the middle east and let’s not forget recent newly approved government regulations can be considered worth watching.
Oil has topped $108 a barrel highest since 2008 and an average $3.69 a gallon has increased $0.86 from a year ago. President Obama says that the people must be patient to the increases in oil prices Congress and the President continues to depress the US oil industry by not releasing permits to drill for our country’s oil and natural gas reserves. To think that our government would not develop the nation’s own resources first in these troubled times is unconsciousable. How many times have we heard from our elected officials in Washington, ‘’ we must wean ourselves off the need of foreign oil’’. President Obama needs to release the permits to start to drill, presently there are 5 permits for US companies waiting for approval to drill in shallow water in the gulf. After 314 days, one permit was released to drill in 6,000 feet deep water. Let’s not forget the BP oil disaster was in only 5,000 feet deep water.
President Obama a few weeks ago returned from his South American trade mission. Soon after the president returned, a Brazilian oil company, Petrbas, received permits and a $2 billion financing package to drill in the gulf. George Soros, a supporter of Obama’s election for the presidency is a major stockholder in the state owned company. Congress needs to investigate how foreign companies can come before US companies.
In closing and to sum up the status of the recovery, one must consider how fuel prices are hurting businesses , the consumer and the United States economy. Rising food prices and commodities could derail the recovery and create another recession. President Obama and Congress needs to take immediate actions to put our nation on the right path to prosperity and put a stop to anymore deficit spending .
On 4/8/11 the US Government could possibly shut down because Congress and President Obama cannot agree and pass the 2010-2011 budget that was required to be passed by Oct.1,2010 when the President and his party, Democrats, had a majority control of both houses of Congress
In 2007-2008 Democrats controlled 2/3s of our government under the leadership of Speaker Pelosi and Senate majority leader Senator Reid With the election of Barak Obama, the Democrats controlled 100% of the government..
Your Author Jon Ewall
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Your author is a online marketing consultant of products offered on the internet. Jon’s website blog contains a variety of interesting subjects and articles that he has written