Unemployment in United States

With the onset of downturn in the United States economy, unemployment in United States is increasing at alarming rate. President Barack Obama is making whirl wind round of all growing economy to increase the job prospect for American’s in worldwide. After 2008 downturn and recession across world, United States has been greatly affected by it and unemployment in United States has increased more than 9% in recent times.

According to Bureau of Labor Statistics in United States, price rise is badly affecting unemployed people in United States. The growth rate of jobs in United States has been negative in calendar year 2011 in comparison to calendar year 2010. Business Employment Dynamics, which measure proportion of job increase in a quarter in United States has estimated that gross job gain fell from 7.6 million in the fourth quarter of 2007 to 5.7 million in the first quarter of 2009, which is a shocking 24.6 percent decline.

As per statistics, unemployment in United States is alarming, and as President Barack Obama has already shown his interest for 2012 Presidential Election in United States, therefore, he is targeting to control menace of unemployment in United States. In fact, to check the upward going rate of unemployment in United States, President Obama is proposing a budget cutting program, and plans to invest the amount in various sectors to increase the job prospect for common Americans.

This amount is expected to be in the tune of $ 418 Billion and would create numerous jobs in Defense, Pharmaceuticals, Banking, Infrastructure, Healthcare, Education and many more. The opponent of President Obama, have in fact come up with a different argument for investing the money in preferred sectors, which would increase the low end multiple jobs for more number of people in United State, which would ultimately check the unemployment in United States and stopping outsourcing of such jobs to China, India, Philippines and African countries.

However, only the time will tell, how these measures will going to control the unemployment in United States, but definitely, if this problem in unemployment front is not controlled at the earliest, it would impact President Obama’s candidacy for President Ship in 2012. Let us hope for the best that unemployment in United States can be brought down a level, which would improve the overall scenarios of world economic order.

Surya Prakash Arya

91-94120-53135/sparya_in@yahoo.com
Dehra Dun, Uttarakhand, India

(Views are personal)