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  3. Financial Turmoil in the World Causes a Social Hazard Despite a drop in metropolitan Washington’s jobless rate, regional eco

Financial Turmoil in the World Causes a Social Hazard Despite a drop in metropolitan Washington’s jobless rate, regional eco

admin2013-04-03  58
问题             Financial Turmoil in the World Causes a Social Hazard
    Despite a drop in metropolitan Washington’s jobless rate, regional economists told business leaders yesterday that they expect unemployment to worsen next year before subsiding in 2011 with the creation of tens of thousands of new jobs.
    Government data released yesterday show that the unemployment rate dropped from 5. 9 percent in March to 5. 6 percent in April. the second consecutive month it has decreased. But analysts said they expect it to rise about 1.5 percentage points before recovery kicks in
    Because the number of employed people in the labor force is not rising, regional economist Stephen S. Fuller said April’s decline is not an indication of recovery but suggests that more unemployed people are not being counted because they have become discouraged and either stopped looking for work or exhausted their jobless claims.
    From April 2008 to April 2009,the region lost 30,300 jobs, including 13,000 in retail and 7.000 in leisure and hospitality, wiping out gains in the federal government. procurement, and health and education sectors.
    "We will be in recovery, but unemployment still will be going up." Fuller said at the annual meeting of the Greater Washington Initiative, a marketing organization that works to persuade companies to relocate to the region. "We’ll probably hit somewhere around 7 percent unemployment. We’ll have to be prepared for it."
    Comparatively, metropolitan Washington is faring much better than most of the nation. The national unemployment rote is 8.6 percent. And 13 of 372 metropolitan areas recorded rates above 15 percent, including El Centre Calif. , which had the highest rate at 26.9 percent.
    The federal government and contracting sectors, which represent 33 percent of the region’s economy, have protected Washington from the full brunt of the recession and should speed its recovery, Fuller and other analysts said.
    Federal spending in the region has risen steadily from $30 billion in 1985 to about $ 120 billion in 2007. Economists said they expect stimulus dollars as well as hiring associated with overseeing all the new programs aimed at reviving the economy to result in a net gain in employment.
    "The stimulus will start taking effect in Washington, and professional and business services will be the leading sector going forward with an acceleration in hiring, completely reversing job losses in 2011," James Diffley, a group managing director at IHS Global Insight, said in an Interview after the meeting. He said he thinks Washington will be the first large metropolitan region to experience employment gains.
What is the function of the Greater Washington Initiative?
选项
答案It works to persuade companies to relocate to the region
解析 由题干关键词GreaterWashington Initiative定位至第五段的Fuller said at the annual meeting of the GreaterWashington Initiative，a marketing organization that works to persuade companies to relocateto the region．．．可知，该机构设置的目的就是说服那些公司重新选择厂址。故答案应为Itworks to persuade companies to relocate to the region。
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