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More job loss than job gain. A few example reasons are;

1) The number one reason is short term gains philosophy for most companies' CEO with so much emphasis on quarter by quarter profit reports (stock price influences and also short term performance base pay structures to top management). Therefore companies are cutting costs and have moved a lots of labor to Asian's countries like China, India Philipine etc..
2) Most electronic consumer goods are cheaper tomorrow than today with better technologies.
3) Most Customer support have also relocated oversea.
4) US only remains competitive is new technologies R&D but so far there are not many jobs created in those areas either.
5) US Economy slowed down since the mortgage bubble busted.

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Warren
Warren
1 year ago

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It seems nothing is moving the world economy for now, and companies cutting cost of production has moved production to the low cost areas quality or not that is another question I remember buying 3 keyboards in three months. The world need a new invention that will put back people to job not those one that will reduce job creation and putiing money into the pocket of CEO.Forex trading can also put people to job if players will allow that.

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Harold
Harold
1 year ago

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It is what it is. The economy has not picked up and companies are not hiring. Most are struggling just to keep their head above water. In the US with so many jobs being exported overseas to reduce cost it is only making the unemployment problem worse. Most who do find jobs have to settle for decreased pay and benefits or even something totally different in their carrer path.

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fuji022
fuji022
1 year ago

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Many say that unemployment is going to remain high and could possibly remain a problem for years to come. One of the reasons is that with increasing computerization and automation hitting almost every industry, the skills and capabilities of many workers are simply no longer needed by the market. New job creation is just getting harder.

Unemployment rate may just be harder to go back to normal not only in the Euro zone but the world over. In the Euro area, the dire financial straits of Greece, which has sparked the Euro financial crisis has slowed economic activity and there are definitely concerns of a downturn -- which analysts think could lead to a double-dip recession by the end of the year. As long as these massive market uncertainties linger, we could expect great potential for eurusd to go down again.

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fxpie
fxpie
1 year ago