America Is Looking Good, On Paper
The Bureau of Economic Analysis has reported that our gross domestic product has grown from 2.6 in the third quarter to 3.2 percent in the fourth quarter of the 2010 fiscal year. Does this mean jobs will be on the rise again? My guess is no because people have survived without those employees through the last year, and a majority will likely keep it that way.
Mark Memmott – NPR.org
Gross domestic product grew at a 3.2 percent annual rate in fourth-quarter 2010, up from a 2.6 percent pace in the third quarter, the Bureau of Economic Analysis just reported.
At 3.2 percent, the pace is a bit less than the 3.5 percent that economists had been expecting. But this is just the BEA’s first estimate — there will be revisions in each of the next two months. So the fourth-quarter figure could change.
This morning’s report shows that GDP has expanded for six straight quarters. The latest recession officially began in December 2007 and ended in May 2009 — though the growth since then has not been strong enough to bring unemployment down substantially.
Hopefully the expansion and success of companies today will lead to even more companies and more employees tomorrow. Cutting edge technology has made many jobs much simpler illiminating the need for as many workers. The President address this in his presidential State of the Union as a factor in our lack of jobs. I believe technology has also created many new opportunities for jobs that never existed before. Bloggers at home have the opportuniy to make money that was previously only a select few chosen by publishers. While most are not the best written or maybe not even be intelligent, it gives the average American power to be heard like never before.
This evolution in technology has gotten ahead of us and we need to play catch up. A select few have really understood it and have taken advantage of it like no one could have imagined. Ever heard of Facebook?
We are in the renaissance of our time. Workers can no longer only have one skill set, they must be multifaceted to keep up with how quickly job roles change. On-Air Radio hosts 5 years ago were just that, On-Air. Now, if you don’t have a website blog, Facebook page or some other form of online communication you will fall behind the competition.
The very fact that you are reading this proves my point slightly but again I am just a blogger trying to be heard. I thank you for listening to what I hear. How do you feel the economy is doing and what might be our near future. Leave a comment below.