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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
admin
2013-04-03
65
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 expectation of those regional economists about the unemployment nextyear?
选项
答案
It will worsen
解析
由题干关键词regional economists和next year定位至第一段Despite adrop in metropol itan Washington’s jobless rate,regional economists told business leadersyesterday that they expect unemployment to worsen next year...尽管华盛顿的失业率下降了,但是一些搞区域性研究的经济学家昨天告诉那些负责经济的领导人,他们预计明年的失业状况会恶化。回答时可用介词it代替the unemployment。故答案应为It willworsen。
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0
考研英语一
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