Since the recession started, unemployment has been a closely watched figure, and every time it increases, the stock market seems to take a tumble. As people lose their spending cushion and lock down their finances for future hardships, the recoil sent back into various industries forces further contraction. Where spending makes up the entirety of our economic success, when we fail to spend, we also will fail to grow.
When companies start to follow the same path as individual consumers, unemployment figures begin to change. This has generally increased over the last year, with a few brief spurts of life, but generally the numbers inspire uncertainty and fear into those with jobs and those looking for work who have been laid off.
Eight to 9 percent, or even 10 percent of our total population (350,000,000) is 35,000,000. That isn’t necessarily a bad figure when you take into consideration all those who file for benefits with no intention of ever getting employment again and are content with living off of the government’s paycheck and free handouts for their miserable existences brought on by massive amounts of underachieving and lack of motivation.
The real problem is far greater than a small number like 8 to 9 percent.
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