The Economy is Growing, but Jobs Aren’t
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Many of the unemployed around the country probably do not believe that the economy is growing. Peter Orszag, director of the Office of Management and Budget, warned yesterday that the next few months will still be concerning for American workers. Orszag stated:
“Unfortunately,even as the economy begins to turn around, the employment picture isn’t going to brighten immediately — as the contrast between the recently reported GDP numbers and the unemployment numbers that we are expecting later this week will likely illustrate.”
The US unemployment rate will probably be 9.9% as the economy grew 3.5% in the third quarter. Many unemployed are not only trying to find jobs but are looking at job retraining, online degree education, and career changes as possible ways to gain employment.
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