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Has U.S. Attained Full Employment Following Recession?

January 14, 2016 Jamie Schuman 0

us-employmentEconomists explain the recovery of job market from recession in terms of “full employment”. Full employment is a term that signifies that the number of job seekers is balanced by the number of job opportunities. Full employment is not exactly what it sounds like. It does not mean that the unemployment rate is zero. Unemployment is real and people have to leave their jobs for various personal reasons and there are those who lose their job due to companies closing down obsolete operations. In a healthy economy, economists say that the unemployment rate in the job market ranges between 4.6 percent and 5 percent. It is estimated that the national unemployment rate was 5% in December and it is predicted to decrease to 4.6% by July.

The balance attained and full employment achieved suggests that those looking for job opportunities will be able to find jobs and that employers looking to hire will find suitable employees too. The term full employment is subjective. While on the whole U.S. looks like it has achieved full employment, when looked at locally, there may be variations. For example, in Silicon Valley, California the unemployment rate is zero while the unemployment rate in West Virginia is as much as 13%. The unemployment rate is not only dependent on location but also varies based on age, qualification, cultural differences and gender.

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Turkey On Agreement With European Union Arrests 1300 Migrants

November 8, 2015 Jamie Schuman 0

agreementTurkey on an agreement with the European Union on Monday, arrested 3 people smugglers with 1300 migrants from Turkey to Greece in a single operation. The migrants belonging to Syria, Afghanistan, Iraq and Iran were seized on the Turkish countryside near Ayvacik a town that lies north of the Greek island of Lesbos. According to reports by the UN about 425,000 refugees arrived in Lesbos via smuggling boats and another 300,000 refugees reached other Greek islands from Turkey. This led to the European Union blaming Turkey for poor police control on its borders. This arrest made by Turkish officials is probably one of the largest single mass arrests of migrants made in recent months.

In return for Turkish cooperation, the European Union has offered $3.2 billion dollars as aid for about 2.2 million Syrian refugees in Turkey. The agreement made by the EU and Turkish government also suggests that Turkish citizens may be allowed to travel visa-free in Europe as early as October 2016. In separate operations, Turkey said it has arrested nearly 80,000 migrants since 2014 along with 200 major smugglers. Recent Guardian highlighted the lack of police patrolling in certain areas from where the smugglers help migrants leave for the Greek islands. It has also reported that the smugglers conduct their business not very far from police facilities. While EU makes stricter measures to curb the flow of refugees into Europe there are those who are concerned for the migrants who will be forced to try dangerous and more expensive measures.

Smugglers say that it will never be possible to curb the large inflow of refugees. Turkey has about 2.2 million Syrian refugees without a legal work permit. These workers are being exploited by employers and it is quite apparent that they will try to find their way out to Europe to earn lives of dignity.

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27 Killed In Fire In A Romanian Nightclub

October 11, 2015 Jamie Schuman 0

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In a shocking incident in Bucharest, a fire in a nightclub killed 27 people and injured 184 others during a rock concert on Friday night the 30th of October. This was one of the worst mishaps in the capital of Romania in decades. 400 people mostly youngsters stampeded towards the single exit in order to escape the fire. The Colectiv club was located in the basement of a Communist era sport-shoe factory. The club was hosting a night show that featured the metal band Goodbye to Gravity on Friday night to launch a new album. Witnesses said that the fireworks began on stage and the pyrotechnic effects were the cause of the fire.

While many suffered burns and smoke inhalation others were injured by being trampled in the stampede. A pillar covered with foam panels and the ceiling erupted in flames followed by an explosion. The Deputy Prime Minister Gabriel Oprea had already initiated a criminal investigation into the cause of the incident while the health minister Nicolae Banicioui sent out a public appeal for blood donations. The Government on Saturday declared three days of national mourning in memory of the lives lost. Some of the worst disasters in nightclubs have been due to fireworks in the recent past.

Following the public appeal for blood donations, hundreds of people crowded the Bucharest Blood Transfusion Center and other centers to donate blood in the early hours of Saturday. The donors were from all walks of life including 40 local policemen and 50 anti-terrorist operatives. Leaders of political parties and churches joined the cause as best as they could with support for the bereaved families and those suffering injuries. National Research Development Institute for Mining Security and Antiexplosive Protection sent their specialists to investigate the cause of the fire. Prosecutors are already investigation crimes of willful destruction and manslaughter.

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