This past Friday Obama visited North Carolina and reported on the status of our economy. He states, "we are beginning to turn the corner". He spoke about how the businesses that the stimulus package allocated money to are progressing. These business are now opening jobs and helping with the unemployment rate decrease. Throughout his speech he cautions the public that "more difficult times are to approach," but keeps the public hopeful by saying the phrase "brighter days are still ahead." According to the Labor Department report 162,000 nonfarm jobs were added in March.
This number may sound promising however 48,000 of those jobs were hired for the 2010 census therefore 48,000 will lose their jobs in the coming months. Also, the unemployment rate continues to sore at 9.7%.
To emphasize and reiterate his point about the stimulus package resulting in positive feedback Obama visited Celgard a firm that produces lithium batteries that received funds from the stimulus plant. That firm in now opening another factory in Concord and creating over 300 jobs and another 1,000 jobs for construction workers and contractors.
Overall the economy is slowly getting back on its feet. The government is solely highlighting the success stories of the stimulus plan, but im reality does that really help the hundred thousands that are unemployed?
Saturday, April 3, 2010
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment