unemployment

In the past 14 years the unempoment rate has been the higest ever. The U.S. economy shed 240,000 jobs in October and the unemployment rate jumped sharply to 6.5 percent. having to deal with all this uneployment is one of the majior problems Barack will be facing when hemeets with his economic advisers. More than 10 million people are now jobless, actively seeking work but unable to find it, a number that has spiked by 2.8 million over the past year. Manufacturing lost 90,000 jobs, part of a steady decline in U.S. factory employment, while construction shed 49,000 jobs. The retail sector lost 38,000 jobs, with high gas prices, stagnant wages and general concern about the economy leading consumers to scale back spending. Professional and business service companies dropped 45,000 positions.
I think a lot of unemployment is happening becuase everything is becoming more expeniseve and a lot of jobs can now be ran by computers or machines and people are not needed anymore. And people not being able to find jobs has to do with the computers and machines. It is the reason that people are loosing jobs and the reason that they can not find them as easy anymore.