Thursday, October 8, 2009

Jobs Vanish

Reference:


Norris, F. (2009, October 2). Jobs vanish. The New York Times. Retrieved October 2, 2009, from
http://economix.blogs.nytimes.com/2009/10/02/jobs-vanish


Summary:


In Norris’s (2009) article, “Jobs Vanish” he asserts that the economic recession has a negative influence on the private sector. Then he says that the last reports indicate this recession has affected employment as was the worse one that happened after World War II. Consequently, low private sector led to rising unemployment. Also the difficulty obtaining exact figures of unemployment led to a lack of knowledge of correct figures of jobs that were offered by employers. Recently, reports indicate the reduceing of the opportunities of employment due to contraction of the private sector.


Reaction:


In my opinion, the problem of decline in private sector is common in the world, especially in less developed countries . Because financial crisis that happened in America and Western Europe, many banks have bankruptcy, companies have been closed, and lots of people have been laid off from their jobs . In addition, this situation has a negative effect on people’s lives and makes them concerned about their lives. Moreover, most governments attempt to get a solution for this problem. So governments should try to provide assistance for people who lost their jobs and support businesses which have bad conditions.

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