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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As a very pleasant and highly anticipated piece of news, the USA and China have joined the Paris Climate deal. The impact of this joining and ratification will be very positive in the times to come. The reason behind this is that the US and China are two of the biggest emitters of gasses that cause global warming. The Paris Climate deal as we all know is one of the biggest attempts that have ever been made at the global level to make sure that the emissions of greenhouse gasses are reduced. The presidents of both of these major nations were present along with the Secretary-General of the United Nations at the event.
Many of you will already be aware of the fact that Mr. Barack Obama the President of the USA has always tried to make sure that his tenure is remembered for steps such as these. Mr. Xi Jinping the President was also under the obligation to see to it that his country became a part of the Paris Climate deal because most major nations were doing so. Both the presidents expressed that this climate deal will be one of the major steps that the world needs to take to curb the menace of global warming. This joining of the climate deal by both of these nations does not come across as a major surprise to anyone.
The various terms and conditions that are envisaged under the Paris Climate deal will ensure that the overall emissions of greenhouse gasses around the world will decrease. This in turn will be the best-suited way to see to it that global warming and its effects decrease regarding the degree of impact that they have. Almost 200 nations from around the world are parties to this historic deal.
What’s your opinion on this historic deal? Let us know in the comments!
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