The need to bring forward a new stimulus plan that allows the creation of some 2.5 million jobs
The U.S. economy destroyed 524,000 jobs last December, bringing the employment bill 2008 to 2.58 million, the highest figure since the end of World War II in 1945 and the unemployment rate stands at 7 , 2%, four tenths above the revised figure for November and its highest level since 1993, according to the Labor Department.
During last December, the number of U.S. unemployed persons increased by 632,000, to 11.1 million unemployed, while the Employment Department said that since the start of the recession in December 2007, the figure of unemployed people grew by 3.6 million, increasing by 2.3 percentage points the rate of unemployment.
The president-elect of the USA, Barack Obama, has repeatedly warned of the need to bring forward a new stimulus plan that allows the creation of some 2.5 million jobs, a similar amount to the loss in just twelve months by largest economy in the world.
In this respect, Obama said yesterday in a speech at George Mason University that the economic downturn could “take years” and unemployment could reach double digits if no strong measures are taken, including a package of incentives which cost will be “substantial”, even if necessary to stop the vicious circle in which the economy.
