Wall Street Journal Paper

In: Business and Management

Submitted By Atokenbeast
Words 1772
Pages 8
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. Coming to the end of his term it is clear that our economy is starting to go back down so I hope that this article helps bring to his attention what is going on in the country that he is in charge of. They believe the winter climate is to blame for the unemployment rate increase last week. The total of unemployment claims at the end of the week of Feb. 28th was 320,000. The wall Street Journal had expected 290,000. Thursday reported stated that the number of claims filed continued to rise and had increased by 17,000 to 2.42 million for the week ended in Feb. 21st. Job claims have been at a continuous increase over the past month from the lowest level since the last economic expansion. A total of 240,000 jobs were added in the month of February by employers. In the summer of 2014claims were below 300,000 and remained at that state for the rest of that year. There was an average of 336,000 jobs added by economy a month since November of 2014. Which is the largest increase of jobs since 1997. In every state that year unemployment fell in the nation’s capital. This is something that has not happened in 30 years, according to a Labor…...

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