Reference:
Isidore, C. (October 4, 2007). Job: Brace for more weakness. CNN.com. Retrieved on October, 2007, from http://money.cnn.com/2007/10/04/news/economy/jobs_outlook/index.htm?postversion=2007100415.
Summary:
In the article "Jobs: Brace for more weakness," by C. Isidore, the author tells us the reason that a lot of people lost their jobs and the first interst rate was cut. This problem lets the country's people lose their job, and the unemployment rate is expected to climb to 4.7% from 4.6%. So this data tells us more and more and people are losing their money. This reason lets customers have no money to go shopping or have holiday. So the author wants the government to use more ways to help them and fix problem.
Reaction:
Job is an important way people receive money. they go to work and get money to support their family. So job is very important for everyone and is nearly like their life. The USA is a developed country in the world; the economy is the best in the world. But because of 9/11, the country has a rate of unemployment, and a lot of people have become laid-off workers and do not have enough money to support their family.
The newspaper said, that a lot of people had lost their jobs because of this. So in a lot of states in the USA, people try to find job, and the rate of employment is very high. So now the government is using a lot of way to save this, but I think this will be very difficult. China is a faster developing country in the world, but in 1998, China had the same problem. A lot of people lost their jobs in the Northeast of China; at that time government used a lot of ways to try to save it, but it was not good, a lot of people still loset their jobs. For nearly two years the government was been fixing this problem.
Now if more people lose their job, they not only will have not enough money, but also some professions will have some problem. If more people lose their job, they will cancel their travel and shopping will slow down, so this will make others face some problem. So I think now the government needs to do a lot; maybe it can use more tax to help people who lose their job, and they can pay less tax, to make the problem smaller. And government needs to help some companies. If a company is not good, that means some people will begin to lose jobs. So here is the source. This is very important; if government fixes this, the problem will begin.
Monday, October 8, 2007
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