Jobless Claims Rise To Highest Level Since May
By: Kate Davidson
March, 5th, 2015 http://www.wsj.com/articles/jobless-claims-rise-by-7-000-1425562544 UEMPLOYMENT
When Kate Davidson was writing this article her intent was to let the reader and the government know that the unemployment rate has gone up since May of 2015. When she was writing I believe she wanted to bring critical attention to this problem that we are facing. As I see it only positive outcomes could come from this article. The only that I can tell is that the government will be more aware of the unemployment growth and take action. It is clear that since President Obama has come in to office he has done increased our economy by supplying more jobs for the citizens.
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We all should keep a close eye on China’s economic stability because we trade everything with them. We get a lot of our goods from China and if their economy is doing poorly then that can and will affect us. If we have no one to buy our goods or vis versa then that can strongly affect our own economy which will cause a series of catastrophic economic events. China has lowered their economic growth forecast to about 7% for 2015 while at the country’s biggest political event of the year, leaders have dubbed a “new normal” of slower growth in the world’s second-largest economy. Beijing will not take dramatic action to raise the economic growth above last year. Last year Beijing’s economic growth was at 7.4%, which is the lowest it has been in the last quarter-century. Leaders are concerned that even if the economic growth has a significant drop that it will still cause an increase in unemployment. “China’s targets illustrated the balance it is trying to strike as it encourages reform while trying to sustain growth. The government said it would increase deficit spending, lower targeted trade and fixed-asset investment growth, and increase money supply if needed. At the same time, it said it would loosen price controls on pharmaceuticals and