US Jobless Increase
Over a month ago, Bloomberg indicated in its report on the US economic conditions that it expected a steady increase in the employment and a slight improvement of the employment opportunities in the country. However, figures released by the Washington center measuring the levels of employment show that unemployment have climbed to its highest this year and that the job gains is unexpectedly small as compared to the predicted numbers.
Only 54,000 people have gained new jobs in May as compared to almost 230,000 in April. This has been a true decrease and many people in the states cannot even consider moving forward at this stage. Employment have been struck by increasingly disturbing problems in the country - high inflation, property market crisis and, most importantly, oil prices that pull back the industries. Slight development is seen in the food sector but it is also being hit by the oil prices and soon its temps of development would reduce.
Unemployment levels rose to the crucial 9,1% passing the 9% border which was steadily maintained for almost 4 months. Only in May the increase is 0,1% which is a disturbing factor considering the number of people that again could not find employment. The situation is even worse in some Southern states such as Mississippi where natural disasters increased public spendings and less money fueled the private sector in the state. People in such regions are truly struggling as some of them have been kept unemployed for a significant period of time and, with the expenditures around the recovery of the areas from bad weather conditions, they cannot even hope to get an old Audi car leasing. The deficiency of capital would result in severe sales reduce in Southern parts of the US.
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