RRJ2

Reference:
Sutton, Chavon (2010, April 1). Jobless claims match 19-month low, republish by CNN. Retrieved April 5, 2010, from
http://money.cnn.com/2010/04/01/news/economy/initial_jobless_claims/index.htm
Summary:
The government said the American unemployment insurance has fallen down to the lowest level since August 2008. The Labor Department's weekly report said that the number went down 6,000 before last week. According to Briefing.com there are still 4,662,000 people offering claims in the week ended March 20, but it is the lowest number since Decmber20, 2008. Unfortunately, the economists’ predict the number of claims is lower than the true number. The number shows the data without counting the number of people who already received the government’s help for 26 weeks. The continuing claims are not good for the recovery of economy. President Obama decided to extend the unemployment insurance and made a law to cut many taxes for helping businesses. The congress uses these measures to keep the whole country’s unemployment rate to not more than 9.7%, Friday’s report shows more about the non-farm payroll for March. Economists expect that there will be more than 190,000 jobs which are mostly census-related positions instead of full-time jobs in the private sector. Now the important thing is as Dye said they needed a healthy economic system without the government help.
Reaction:
This year the world economy has resumed. Peoples’ mentalities are better than before. All kinds of data are showing that the White House business stimulating measures are useful, but the government uses some data to cheat people. They also calculate without jobless people who got the government unemployment insurance or have moved to state or federal extensions. They use much more money to save some companies, which the government feels should not go bankrupt. This emergency money came from all the people who pay the tax for the government and the government’s bonds. Unfortunately, a lot of money is flowed into some companies’ CEO pockets. Their jobs are secure, so they can use more and more time to research how to lay off employees who are not really important to the company in stead of thinking how to lead their company’s development onto new markets. Throughout the history, every time there is a recession, the common employees always undergo much more afflictions than the bosses. The education is the country’s future. The government should add money in the education system without cutting money to help some companies. The government needs to learn in a great river great fish are found; but take heed lest you be drowned. The best material in this century is people who get the high education of having some useful technologies.