The number of jobs that have opened up in the country in the month of September 2016 has been far below what was expected. This new development many have a number of unwanted and undesired effects upon the economy as a whole. It will not be wrong to say that the general impact of this event will not be positive. In fact, there is a very good chance that the overall impact will be very negative. As a result of this, even the unemployment rate in the country has climbed above the figures that were reported for the month of August. Some economists had predicted an event of this sort for this month.
The other thing that you will need to be aware of is that it is the least number of jobs created in a month for a while now. The other aspect of the overall scheme of things that has been found to be very harmful to the economy of the country as a whole is the very high number of employees being fired in September. These two things combined will have major repercussions for the next few months unless things take a turn for the better in the next 2-3 months. The thing is that low job creations along with a greater number of employees being fired are a very bad scenario. It is expected that steps will be taken to improve it.
From now on it will be the wait for the figures for the current month to be released. It is expected that the figures for the month of October will be released in the first week of November. The predictions for the figures of this month’s job creations have been varied. It will be worth the watch to see the extent and percentage of change that takes place.
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