In the news today, I have a hard time understanding the news.
The latest piece of information I've seen about the economy is entitled More seek unemployment aid, but trend is positive. The good news of the article is that, two weeks ago, the unemployment levels were at their lowest point in four years. The bad news is that the unemployment levels quickly went back up again.
The article puts a positive spin on the news, saying that if you average out the unemployment levels over the last month, they are rather low. However, that's probably because the week with the "lowest point in four years" rating tips the scales a bit.
The part about the article which interested me the most was at the end, where is said 8.7 million Americans were fired, due to the Great Recession. Currently, there are 13 million people out of work. Using some quick math, that would indicate that 4.3 million people were out of work, before the economy crashed. I think these numbers might need to be readjusted.
Two, what about people who don't qualify for unemployment? I know a lot of people who have jobs that don't give unemployment (or any) benefits; plenty of companies got rid of those when the recession hit. And let's not forget the people who were on unemployment, but were unable to get new jobs before the benefits ran out. I think these unemployed people who do not receive unemployment benefits should be taken into consideration, when you're trying to judge how well the economic recovery is doing.