Monday, March 8, 2010
Jobless Claims in U.S. Fell to 469,000 Last Week
This article talks about how at the end of february jobless applications fell by 29,000, and how companies are trying to make payroll cuts instead of job cuts. These cuts in people's income may hurt consumer spending, which is the last thing we need to see in our economy. the article also talks about how unemployment insurance fell to its lowest point of the year while others received more extended benefits for being unemployed.
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A low unemployment insurance would give workers greater incentive to find a job quikly so it would help in reducig unemployment rate. However, reduces in payroll instead of cut in job positions would still hurt common workers though do not show any bad influence on the unemployment rate.
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