The ripple effects of unemployment
Economists are paying attention to two main factors as the unemployment numbers come out: the number of layoffs, and the creation of jobs in the private sector. Takeaway listener, James Slower called The Takeaway with this this comment, “As more people go unemployed, my business is getting slower and slower.” His statement encapsulates the problem; unemployment is linked to consumer confidence and the growth of the economy. Takeaway finance contributor, Beth Kobliner looks closely at the high rate of unemployment and considers whether it’s possible to fully recover once you’ve lost your job.
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