Monday, September 26, 2011

Unemployment Checks and Social Security Benefits At Risk; Jobs in USA Needed; Dow Jones Industrial Average DJIA Index DJX DJI goes Green Today

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dow2664 Unemployment continues to be a major problem in the United States. The national unemployment rate remains above the 9 percent mark and the debate continues regarding government intervention. Many believe the government needs to take action to stimulate the slumping U.S. economy and ultimately lower the unemployment rate across the nation. One way the Feds might do this is to lower interest rates. Not all think this is a smart move for our nation however due to the risk of promoting inflation. Regardless of cautions relating the potential negative side effects, the one thing that most do agree on is that something must be done. Zero jobs were added in August according to the governments data and the economy grew at an annual rate .7 percent through the first half of the year. This rate was weaker than expected and much weaker than most were hoping to observe during this time. Now, President Obama is trying to lower the national deficit and some think that programs like unemployment, social security and Medicare should be reviewed for potential cuts. Americans are struggling right now though and this is, and always will be, controversial. The median national income data recently revealed that the average American made less in take home pay in 2010. The U.S. market has struggled lately and so turning these trends around will be a challenge. One good note for the day specifically pertains to the stock market . After an abysmal week last week, the three primary composites ended green today. The Dow Jones Industrial Average approached close higher by 2.29 percent at 11,018. Today was a step in the right direction for the U.S. Stephen Johnson



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