One of the most important questions on most American’s minds is in regards to the economy. Is the economy getting better? A new report by the United States Department of Labor sheds some light onto this question.
This morning I read an article on msnbc.com showing that new claims for unemployment benefits stayed the same from the previous two weeks and did not rise. The United States Department of Labor reported that seasonally adjusted jobless claims stayed at 351,000, which is the lowest level in four years. The article even mentioned that when economists were polled they predicted that new claims for unemployment benefits would rise to 354,000.
Another factor to consider when trying to figure out if the economy is getting better is taking a close look at the nation’s unemployment rate. In August 2011 the unemployment rate 9.1%. As of January 2012 the nation’s unemployment rate is 8.3%. When you look at these two factors it does appear that the economy is starting to get better. It’s entirely possible that by this summer the nation’s unemployment rate will be under 8%.
Even though these facts are encouraging we must not forget that about 23.8 million Americans are still either unemployed or underemployed. This is a large part of our population and we must do more as a nation to get Americans back to work.
Now is the time to put our partisan politics aside to create policies that will get Americans back to work.