Unemployment in the US has fallen for the 4th consecutive month in a row, adding credence to the claim that the war on two fronts in the middle east is at last starting to yield beneficial results.
The US Department of Labor says unemployment amongst men between the ages 17-25 has seen the most dramatic month on month fall since the record levels of 1968-1975
The ongoing involvement in Iraq accounted for over 582 vacancies in the US job market alone since the start of the year and is seen as a major contributing factor in the State Departments war on unemployment.
Stock markets in both the US and Europe responded well to the news with shares in BAE Systems and Lockheed Martin reaching new highs before falling back slightly after news that expensive coalition ammunition had been frittered away on innocent civilians in eastern Libya.
Jobs created in the Obama health care initiative have also contributed to the fall in jobless figures while jobs in other sectors such as healthcare and healthcare are having a significant effect on US jobless figures.
‘The numbers are looking good’ said EOG chief economist Bernard Butler ‘and we cannot ignore the role played by the US military in all this....no question this has been a military led campaign to reduce unemployment figures and at this rate we can guarantee by the end of the year there won’t be a single kid under 25 left in the US looking for a job.
US unemployment hits all-time low
(2 posts) (2 voices)
Unemployment in the US has fallen for the 4th consecutive month in a row, adding credence to the claim that the war on two fronts in the middle east is at last starting to yield beneficial results.Posted 3 years ago #
Very good. And has a basis in truth.Posted 3 years ago #
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