Unemployment Causes The Economy To Suffer

25 June 2012 14:00 - Phoebe Robinson

Email Article Print Article
    


Unemployment Causes The Economy To Suffer

After much discussion to find a solution to the European debt crisis, the leaders of the Eurozone agreed to provide up to $164 billion to try to improve the Spanish economy. At home, economic data continues to disappoint and any discussion of the economy improving seems to be a last ditch effort to avoid talk of a recession. The US Federal Open Market Committee announced it would “maintain a highly accommodative stance for monetary policy,” indicating it also sees signs of an ongoing economic weakness.

It is not looking positive as unemployment claims of 370,000 down only 2,000 from the week before are not a greater indication of recovery. Some forecasters have even gone as far to say that they think there is a recession coming that will be as bad as the Great Depression of the 1930s.

This prediction is set on the ongoing labour situation where the administration boasts of job creation of around 100,000 for a month while the jobs lost by virtue of the weekly first time unemployment figures amount to 350,000 jobs lost. A weekly job loss of over 370,000 translates to 1.5 million for the same month. For job creation to occur there needs to be an introduction of a new industry, without prospects are not bright for the economy!

news_image_10.jpg
 

Related Links:
• The US Federal Open Market Committee
Offical Website
• Economic Calendar
Offiical Website

PRODUCT RANGES:

CURRENCY EXCHANGE
Compare Foreign Exchange and Currency >>

LOAN PRODUCTS
Compare Loan and Debt Products >>

CARD PRODUCTS
Compare Cards Products >>

MONEY PRODUCTS
Compare Money Products >>

INSURANCE PRODUCTS
Compare Insurance Products >>

Serving For our Country is a fantastic honour , Military Loans are now available for you .
31 August 2018
Which Way To Pay
Allowing the People fighting on our front line something back. Military Loans
Read More >>
Looking for a card with no debt attached ? Pre paid card is the perfect answer to your question . This is now the way forward for spending .
30 August 2016
Which Way To Pay
Pre paid cards are being seen as the most sensible way of spending on a card , as no debt is occurred .
Read More >>
New Product Range: Secured Credit Cards
13 October 2015
Which Way To Pay
Check Out our latest new product range added to Which Way To Pay: Secured Credit Cards
Read More >>