The past couple of years, the unemployment rate in America has skyrocketed. Due to the economic recession, many employees and employers all over the country lost their jobs and struggled to find any kind of work. There was a scarcity of jobs and that affected companies from every where, large and small. An article published in the Wall Street Journal on January 16 stated that there is expected to be an increase in employment rate and a decrease in unemployment rate. What does this mean for the country? Well, it could mean many things. One significant answer could be that it is a great sign of economic improvement and could lead to the end of the recession.
Where could these jobs be coming from? And why did it have to happen a few years after we have been fighting this economic recession? One reason could be the demand increase. A lot of companies are starting to demand more out of their employees. More demand equals output. This in turn creates more jobs and they start to become less scarce than they previously were. This is all happening so late because of the advances in technology made over the last two years alone. It is thought out to be an improvement to any economy, and technology could make the turn around we have been searching for. I know it is a few years late, and maybe a few too many, but the advances could beat the recession and the unemployment rate.