What to do about unemployment?

What to do about unemployment?
The “unemployed” in America are made up of two groups, i.e., those who have recently been laid off and are looking for a job are counted in the “unemployment rate.” If a person is working part-time and wants a full-time job or if he has given up looking for a job, he is counted in the group called “underemployed.”
In the U.S. today, the unemployed count up to 10% of the population of working age people. The underemployed count for another 17% of working age people. These figures are terrible. The unemployment rate has more than doubled since the recession began in December 2007, when it stood at 4.9 percent. In addition, the underemployment rate has jumped to 17.2 percent from 8.7 percent. In November, the economy shed another 11,000 jobs, so the situation still seems to be exacerbating. Even with the 11,000 jobs lost, the official unemployment rate in November dropped from 10.3% of the work force to 10%--people moving from the “unemployed” status to the “underemployed” category must have caused this paradoxical drop in the unemployment rate.
The government seems to think that more government spending will remedy this poor employment situation; and it is considering spending lots of money collected from taxation to create more jobs. Many economists doubt this will be effective. Taking money out of the economy by taxation only expands government programs; it is unlikely to create more jobs. The way jobs are to be created is to decrease taxes and let the private sector invest that money in factories and businesses that have the capacity to really create new jobs.

The “unemployed” in America are made up of two groups, i.e., those who have recently been laid off and are looking for a job are counted in the “unemployment rate.” If a person is working part-time and wants a full-time job or if he has given up looking for a job, he is counted in the group called “underemployed.”
In the U.S. today, the unemployed count up to 10% of the population of working age people. The underemployed count for another 17% of working age people. These figures are terrible. The unemployment rate has more than doubled since the recession began in December 2007, when it stood at 4.9 percent. In addition, the underemployment rate has jumped to 17.2 percent from 8.7 percent. In November, the economy shed another 11,000 jobs, so the situation still seems to be exacerbating. Even with the 11,000 jobs lost, the official unemployment rate in November dropped from 10.3% of the work force to 10%--people moving from the “unemployed” status to the “underemployed” category must have caused this paradoxical drop in the unemployment rate.
The government seems to think that more government spending will remedy this poor employment situation; and it is considering spending lots of money collected from taxation to create more jobs. Many economists doubt this will be effective. Taking money out of the economy by taxation only expands government programs; it is unlikely to create more jobs. The way jobs are to be created is to decrease taxes and let the private sector invest that money in factories and businesses that have the capacity to really create new jobs.