In the article I read, there is a reported decrease in unemployment and unemployment (the amount of people seeking jobs) is the lowest that it has been in 3 years. This is believed to be the result of the economy improving. During the recession companies have cut pay and decreased employment but if the economy continues to improve they may be able to start hiring again. Increased jobs would also mena a probable increase in consumer spending.
I believe that this is in a way good news and in a way bad news. It is true that a decrease in unemployment means people will be better able to support themselves because of the increase in income. It helps the government because it no logner has to help out the jobless by givin them unemployment benefits. So the economy will be more stable and thus America will also better be able to compete with the rest of the world. However, I do believe that we can increase our production and our industies to a formidable level and yet not get caught up in it. When we are encouraging spending so much we keep on thinking about how we can increase the economy but we are not able to enjoy what we already have. I believe that we need to keep moving forward but not push forward so hard that we become rigid and too competitive.
Original article: http://www.msnbc.msn.com/id/41885150/ns/business-stocks_and_economy/
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