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(单词翻译:双击或拖选)
美国失业率继续上升,六月份的失业人数高于预期。先失业率已达9.5%,为26年来的最高水平。
Unemployed1 worker (L) talks with Employment Guide staffer at job fair in San Jose, California 20 Jun 2009
Economists3 and U.S. officials had almost identical reactions to a Labor4 Department report that American employers cut 467,000 jobs in June.
Jack5 Albin is chief investment officer at Chicago-based Harris Private Bank.
"Clearly, this month's report is a setback6,"
Cristina Romer heads President Barack Obama's Council of Economic Advisors7.
"This is certainly a setback."
Both Ablin and Romer appeared on Bloomberg Television.
Last month's job cuts total exceeded most economists' expectations by more than 100,000. But the point-one percent jump in the unemployment rate from May was more modest than had been anticipated.
June's job cuts reversed a trend of lower month-by-month loses in the U.S. economy. May saw just more than 300,000 jobs eliminated, down sharply from more than 500,000 in April.
Although June's total was higher than the number recorded in May, both figures are significantly lower than job-loss totals recorded at the beginning of the year - a fact Romer was quick to point out.
"Back in December, January, February and March, we were losing close to 700,000 jobs a month. So obviously any time you lose even one job, it’s a tragedy. We have seen some diminution8."
But even if the U.S. economy is losing jobs at a slower pace than half a year ago, the overall unemployment picture remains9 bleak10, according to Stuart Hoffman, chief economist2 at PNC Financial Services Group.
"It is sort of like a bathtub," Hoffman said. "Maybe we have stopped the drain a little bit, the people losing jobs. But what you really need is hiring, a sort of faucet11. And nobody has turned on that faucet yet."
America's true unemployment rate may, in fact, be higher than the number provided by the Labor Department, which does not include people who searched for work in vain and have given up, or those who settled for part-time work. If both categories are added, the unemployment rate would top 16 percent, the highest number in 15 years.
Harris Private Bank's Jack Ablin says deep recessions generate a vicious circle between job losses and reduced economic activity.
"We have cost-cutting [by businesses] as a result of lower profits," Ablin said. "And that cost-cutting is resulting in higher unemployment, and of course the higher unemployment is creating lack of demand. And that is where the disappointments on the profits side come from."
Interrupting that cycle was a primary goal of President Obama's massive economic-stimulus package, which he championed almost immediately upon entering the White House. The idea was to boost spending, thereby12 creating demand for products, while reducing job losses. Administration officials say funds are flowing into the U.S. economy, but real job creation may not be seen until the beginning of next year.
On a more positive note, the U.S. Commerce Department reported a 1.2 percent boost in factory orders in May, the biggest jump in nearly a year.
1 unemployed | |
adj.失业的,没有工作的;未动用的,闲置的 | |
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2 economist | |
n.经济学家,经济专家,节俭的人 | |
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3 economists | |
n.经济学家,经济专家( economist的名词复数 ) | |
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4 labor | |
n.劳动,努力,工作,劳工;分娩;vi.劳动,努力,苦干;vt.详细分析;麻烦 | |
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5 jack | |
n.插座,千斤顶,男人;v.抬起,提醒,扛举;n.(Jake)杰克 | |
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6 setback | |
n.退步,挫折,挫败 | |
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7 advisors | |
n.顾问,劝告者( advisor的名词复数 );(指导大学新生学科问题等的)指导教授 | |
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8 diminution | |
n.减少;变小 | |
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9 remains | |
n.剩余物,残留物;遗体,遗迹 | |
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10 bleak | |
adj.(天气)阴冷的;凄凉的;暗淡的 | |
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11 faucet | |
n.水龙头 | |
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12 thereby | |
adv.因此,从而 | |
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