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	<title>Econ Info &#187; Unemployment</title>
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		<title>Unemployment Is Here to Stay, Finance Economists Say</title>
		<link>http://www.economicalinformation.com/unemployment-is-here-to-stay-finance-economists-say/</link>
		<comments>http://www.economicalinformation.com/unemployment-is-here-to-stay-finance-economists-say/#comments</comments>
		<pubDate>Sun, 19 Apr 2009 12:18:44 +0000</pubDate>
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				<category><![CDATA[Unemployment]]></category>
		<category><![CDATA[Debt]]></category>

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		<description><![CDATA[States of the U.S.&#8217; rate of unemployment is fast becoming a prevalent concern.  It has surpassed 10 percent and has been twice the percentage of that in the month of February.  The problem has become a wide-spread disease that has contaminated millions, not only in the U.S. alone, but also worldwide.  The people&#8217;s confidence made [...]]]></description>
			<content:encoded><![CDATA[<p><img class="alignright size-medium wp-image-15" title="unemployed" src="http://www.economicalinformation.com/wp-content/uploads/2009/07/unemployed-300x219.jpg" alt="unemployed" width="300" height="219" />States of the U.S.&#8217; rate of unemployment is fast becoming a prevalent concern.  It has surpassed 10 percent and has been twice the percentage of that in the month of February.  The problem has become a wide-spread disease that has contaminated millions, not only in the U.S. alone, but also worldwide.  The people&#8217;s confidence made a downfall as soon as the realization that the hit of the global crisis situation is here to stay and in return they find ways on how to minimize their liabilities and survive through their own means and ways.</p>
<p>Some prices for housing have crashed and burned along with the financial solutions.  Thousands of people lost their jobs as companies &#8211; both big and small enterprises &#8211; seize to cut cost or are simply forced to shut down out of business.  Hopes of this year to become a good one is a far-fetched story now.  The U.S. has taken some action and gave out a $787 billion worth of aid to the emergency program to spend on trainings and the like.  The rate of jobless citizens has amazingly increased during the past months.  It has been said that over 650,000 jobs has been abandoned, but President Barack Obama pushed efforts to reassure the people to give him ample considerations for his plans to revive the economy push through.</p>
<p>Some economists say that these jobs can be long forgotten.  Due to the global crisis, many of the production and materials being offered outside the United States are much prioritized due to the lower cost of production and operation costs less.  There are decisions of firms to strategically refuse business as the last will to survive.  Economists reiterate that these problems will persists until the Obama administration find their way around and get rid of the abominable loans that has restlessly apprehended the current financial situation.</p>
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