Job Rates Dips to Lovest Level in More Than 2 Years

Jobless Rate Dips to Lowest Level in More Than 2 Years

The Americas unemployment rate unexpecteddly dropped to 8.6 percent last month.This is its lovest level in last one and half years.The Labour Department currently employed 120,000 people in the November and the report showed that the the job growth had improved than before. This is a good new for the Obama since he going to face re election next November. Creating a new bar for the nations economy, Obama said that the the United States unemployment rate would decrese to 8 percent before his re-election. The present unemloyment rate is 8.6 percent and never changed after he became the president on january 2009.The main reason for the low unemployment rate was that , 315,000 unployed people simply stopped applying for the jobs.

The Europe is facing an economis crisis. The main cause of their economic problems were relatively contained in their continent only, but now many economists worry that the disorderly default of Greece could lead the Europe to a great depression.

The drop of unemployment in november was a relief , lowering the unemployment rate from that of 9 percent to 8.6 percent.Companies are taking more and more temporarly workers and are expecting more. Even the advertisement relating to work increased. Jobless claims have fallen and many small businesses are getting loans very easily . The most encouraging thing found was the recent study of the survey that, the small business increased their hiring intentions creating a good job opportunity for many.

A new estimation will lead to 600,000 to 1 million of jobs and the extension of unemployment benifits would expire 0n 2012.Unemployment benifits are the most stimulative effects on the economy, because recipients are likely to spend all of the money they receive quickly and pump more spending through the economy.