First off. When writing your blogs, do NOT simply restate or summarize one of the articles that I give you to look over. You are supposed to be forming an opinion, and trying to defend your opinion using facts that you obtain from an article. If someone else has already used your statistic, you should NOT just use it again. You’re supposed to be finding information here in related articles. On to the topic…
There is a fair amount of discussion lately about what is called a jobless recovery. This would be a situation where we experience growth, but not through the addition of new jobs. As an article by FoxNews points out, there is substantial competition for most of the available jobs in the economy. Bloomberg also discussed the facts about job competition in the U.S. The unemployment rate has climbed even further, to 9.8% most recently, while underemployment is near 17%.
Additionally, many newly jobless consumers are facing stricter credit requirements from their credit cards and other lenders. There are also many new rules for lenders to prevent ‘predatory lending practices’ which will almost certainly lead to restricted credit to borrowers.
Questions you might try to answer:
- If you believe our economy is on track for a jobless recovery, what remedies do you suggest we use to produce new jobs.
- How can the U.S. government help to solve the underemployment problem.
- What role do you believe the new credit laws, along with the contraction in credit, will play in our jobless recovery. Do you believe these credit card ‘rights’ are necessary and are they being implemented at the right time?
I would like your statements to be as subjective as possible, or in jargon terms, positive and not normative in nature. Also, remember, I want you to keep your descriptions short, basic, and related to classroom content. Read other students comments before posting, and please leave your name with your posting.