The unemployment numbers have risen slightly and yet the economy seems fine although some things have changed. As an executive manager this figure is very important. If the figure goes too low you cannot find decent help to run your company and wages increase and that means it costs more money to produce your goods and services. If the unemployment is too high then no one has a job and cannot buy your goods or services and thus the unemployment numbers are very important indeed. The unemployment numbers have given back 2% recently and gone from 4.6% to 4.8% which is still pretty low, but that is a big increase in one month. But why is this happening you ask? Well there are many factors too consider, such as college and High School summer labor is now out for summer and since they tend to work cheaper employers may wish to higher them instead. Then there is the issue with increased illegal aliens in the nation, more people same amount of jobs. Some say the economy is cooling off as well? Indeed a little as the Fed is raising rates and fuel costs are hurting small businesses and consumers have less to spend. Less money being spent means less needs to be produced so we need less people producing. You see there are indeed many reasons why unemployment rates fluctuate and it is very important as a business management type to keep track of all this really. So, consider all this in 2006. |
