Joblessness is one of the biggest issue job seekers are having towards their American dream. A decade ago, that same dream, promised a good and simple life for the regular employees. Today, that dream is a nightmare for the unemployed.
Back then, if you were one of the car workers in cities like Detroit, you are considered to be one of the luckiest men in America. The dream was at their grasp, with stable, union-backed, well-paying jobs. Employees working here are often straight from high school. They were able to provide for their children, buy homes for their families, and enjoy a middle-class life.
After America was hard-hit buy economic turmoil and downturn, including a debt crisis with long-term trens in the US industrial base. Those who became jobless became the unluckiest men in America. With jobs disappearing by the second, time has really change a lot after a decade. Nowadays, with scarceness of jobs, people feel shame in being unprepared for the current labor market.
Job seekers in the US are blaming themselves for not successfully landing a job. A lot of unemployed factory workers, auto workers experience regret about the things that happened in the past.
Just this quarter a bit of positive outlook became aware, while Americans filling for unemployment benefit claims hit a near three-month low this March. Pointing out that the economy weakness was pulling out of recent lull caused by harsh weather.
The Philadelphia Federal Reserve Bank recently issued a report indicating that the business activity index this March hit 9.0 from the -6.3 record during February. This significantly shows that any reading above zero is a clear indication that the region's manufacturing is expanding. U.S. stocks increased a bit higher after the data has been recognized. Labor market conditions is expected to gradually increase in the coming months.
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