With the United States Elections imminent approach, eyes from all corners of the world watch on in suspense. With the big question being ?Has Obama done enough to keep his seat for another term??
A number of aspects need to be considered to answer this question efficiently. One of these aspects is the topical matter of unemployment.
Recent figures released (BBC News) show that the US economy added 171,000 new jobs in October. This initial figure would benefit Obama?s campaign.
Unfortunately, things are not as positive across the board. The unemployment rate rose to 7.9% which is higher than when Obama took over in the White House. (Remember it is possible for both jobs and unemployment to rise because the population has grown).
There is also another problem; the group of people who want to work but are not actively looking are not included in the latest report. This group has increased by nearly a million over the last four years.
Long term unemployment is also seen as a particular problem that needs to be addressed in order to improve the overall employment rates. Because of the difficulty when trying to get back into the market after a period of unemployment this is a top concern for people.
When looking at employment/increased availability of jobs as a whole over the last four years it got worse in early stages ? when employment went as high as 10%, but has improved since then and now seems to be moving in the right direction.
However the big question is: who is at fault for the current unemployment situation ? Obama (and the government) or the global recession?
I know which one I would pick?but which do you think?
Read more:
BBC News, Why US unemployment matters in the US election, November 2012
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