Decisions by economists, the nation has endured the last recession began in December 2007 officially ended in mid 2009. But for many Americans out of work, the pain is still suspended. More than two years in the rebound, job creation remains tepid, and some refer to the current economic situation as a jobless recovery.
There are signs of light on the horizon, however. As reported Thursday, the first time weekly jobless claims for benefits has been steadily declining trend for a while. At the height of the economic crisis, the increase in US News & World Report notes, new weekly jobless claims more than 500 000 over a year, and for most of the first half of 2009 s' is high at over 600,000.
Recently, however, the arguments are the first routine is compatible with less than 400 000 on a weekly basis, although this level is well above what is considered a healthy labor market.
Yet it is not uncommon for unemployment remains high even after the economy appears on a growth trajectory.
A number of factors that help to keep the unemployment rate to sustained levels during the economic recovery. This includes discouraged job seekers who fail to find work and are no longer counted as unemployed. After the economy and employment prospects Perk, however, their numbers once again begin to appear in the employment data as they begin to seek employment.
More indicative of the current recovery is another factor: employers shy. Sure that future companies, many delays in recruitment to economic recovery appears more secure. After massive layoffs that took place just a few years ago, many companies have little to do with the staff, and many are very few reasons to jump on the bandwagon of hiring until the costs associated with the use of more number of workers can be justified.
Of course, those are not the only factors that contribute to maintaining the high level of unemployment after the end of recessions. For more ideas, see the chart below.
end. For more insights, check out the infographic below.
from Fisher Investments
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