Despite signs of improvement...people are still losing hope.

Specifically in the west, unemployment has reached an all time high. 6.7 million people approximately are without a job. Furthermore, unemployment checks are being limited as well. This comes as terrible news for many. There are several people who have had to deal with losing their jobs and finding jobs that they would never even dream of finding. Even people who have notable degrees are being turned away from jobs. Economists feel that even when the economy recovers it won't mean an immediate relief for the unemployed. Several Economists feel that the when the market improves companies will still try to be conservative, they will hire less people and cut back on budgets mainly because they are used to being that way when the market was down. Moreover, there probably won't be any more creation of jobs right away because many businesses have closed down. Essentially, people who may be unemployed now...are having to deal with the possibility of remaining jobless for years.

Mr. Obama and his administration are trying desperately to try to alleviate this financial problem. One of Obama's ideas is to have the labor department extend unemployment benefits for a few more months. However, they are very much against the idea because there is only so much unemployment they can give out, and with the rate of unemployment increasing and extension of the unemployment checks could but the labor department in jeopardy. There are just so many places that have been affected in just a short period of time. A lot are hoping for the expansion phase because they fear that there will be another great depression, that we worked so hard to get out of and hopefully never have to face again.

This article really disturbed me. There had been several individuals who had been interviewed about their situation. Some are having to live off just little by little, knowing that there is a possibility of being homeless. Even jobs that were initially deemed attainable are now not so safe. A lot of people are trying so hard, but some are just losing hope. I on the other hand, am hopeful that Mr. Obama will be able to figure out a plan that will halt the problems that are being caused by the faltering economy.

http://www.nytimes.com/2010/02/21/business/economy/21unemployed.html?pagewanted=4&em