US unemployment rises
President Barack Obama vested all financial considerations of his country in a number of well qualified, portfolio analytics, specialists in investment, bonds and debt trade who needed to conclude packages that would save the economy. But this was all in 2008 and in 2011 it seems that it has all undergone a major change. The same economic cataclysm hit the States after its failed recovery managed to somehow produce some results.
But every story has an ending and it hurts when it is bad. This is happening in the US where the funds deficiency in the private sector due to the dollar currency disturbances, the collapsed markets and the extortionate traders at Wall Street are forcing people to abandon business development and strive for their salvation. This is why many businesses in the States are enforcing shortening measures to cut down personnel and thus preserve some money for darker days. The number of unemployed in the US is increasing with 8,000 almost every day since the collapse of the markets a few weeks back. Slowly, a percentage higher unemployment has been generated and this tendency is till to continue for the next 3-5 weeks.
Even more disturbing is the fact that along with unemployment, consumer confidence that slightly increased a few weeks back, is again falling down thus forcing more businesses to effect shortening measures to preserve some activity on the market. Whether the US would find a way out or it would struggle to recover by itself like an organism from a slight virus, is yet unknown - the consequences from this lack of awareness are, however, seen on the streets of the country where thousands of people are losing jobs daily.
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