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It is even more marked on the body serious iPurchasing decisions are then adopted by a majority voteSuddenly the demand for space is reducedThe first is that the plan is finally outThey are now even more fruit that the situation is goodIt is the controversy of golden parachutesBecause the David Calhoun case is not isolatedDisadvantage Sarkozy has repeatedly said that he did not want to hear5 of the title Friday is only provisionalFirst a business plan that takes the roadAlcoa, Boeing, Macy's, Walgreen... These days, the big names in the industry and services have expressed their intention to cut, to varying degrees, in their workforce. They come if add to the cohort of the small and large companies who have helped remove 2.6 million jobs in the United States the year past, a volume never seen since the end of the second world war. In December, the unemployment rate to 7.2, climbed to its peak for fifteen years. Only last month of the year, it is 524.000 non-agricultural jobs which have been destroyed, the main affected areas as construction, manufacturing and services.
Even if this number is lower than that of the month preceding the October and November figures have been revised upward with respectively 584.000 and 423.000 positions destruction, he cannot conceal sharp worsening of the labour market. Dramatically, 1.9 million jobs have disappeared there on the last four months of the year. In December, the weekly working time has itself decreased from 33.5 to 33.3 hours. "This is due to the growth of the number of employees who are now part-time due to economic conditions," observes Michele Meyer, an economist at Barclays. If we take into account persons who are not actively job seeking, the rate of inactive people or who do not work full time rose to 13.5.
Urgent action
Analysts now believe that U.S. GDP contracted between 5 and 6 in the fourth quarter. At Merrill Lynch, it is now 3 million new jobs in 2009 losses. "Clearly, the situation is serious, said Barack Obama, in a speech broadcast Saturday. It deteriorates and immediate and urgent action. "Last night on the ABC channel, he is shown even more alarmist:" we cannot do everything that we talked about during the campaign at the pace that we wanted, he acknowledged, adding everyone should make efforts ".
The recovery plan proposed estimated at more than 775 billion and which he described the goals in his first address as President-elect, last Thursday in Virginia, must be considered by the Congress as early as the week of January 20. Already, he is criticized, including by some Democrats, who questioned in particular the effectiveness of the 300 billion of planned tax cuts. At the time, Friday Barack Obama sent his top economic advisors, including Lawrence Summers, explain the plan to elected officials in Washington. Saturday, he detailed in his speech the expected benefits of this plan, which has been studied by Christina Romer, head of the economic advisers of the President, and by Jared Bernstein, Chief Economic Advisor to the Vice President. According to them, between 3 and 4 million jobs could be saved or created by 2010, 90 per cent in the private sector. Specifically, 500,000 jobs could be created in clean energy, 400,000 in the construction of heads and hundreds of thousands in the health and education sectors. In addition, the American Recovery and Reinvestment Plan provides also extend the benefit of health and unemployment to job-seekers, who will be most affected by the recession.
