Spencer Parsons
Blog Critique
In response to the original blog
post Midwest, Southern States Register
Lowest Unemployment by Sarah Portlock of the Wall Street Journal, I agree
with her overall views about the ways the unemployment rate has decreased the
most in the Midwest and Southern regions of the United States. In broader terms,
throughout the country there has still been a steady improvement with 75% of
the states registering a decline in their unemployment rate since May of last
year.
The substantial decrease in overall
unemployment in the Midwest and Southern regions can be explained through two contributing
factors; the growth and expansion of our economies job market and the come back
of our real estate market. The author gives several other examples about recent
trends, but these are two broad areas that I think she left out that could be
viewed as viable reasons for the low unemployment. In particular, the Midwest
has a substantial amount of blue collar and manual labor jobs. During the most
recent recession, thousands of people in this area lost their jobs due to a low
demand in their field of work. With the recent rise of our economy, these jobs
are re-opening and the supply of workers is low while the demand for production
is steadily increasing. Factory and construction workers in this region are two
specific fields of work that have benefitted from climb back from the recession
and allowed the unemployment to decrease.
The southern region has much of the
same qualities as the Midwest in terms of job market opportunities; one in
particular is farming. Production rates for agricultural farming were down in
recent years due to natural causes and a decrease in the demand for their
particular area of skill.
The overall unemployment of a state
or region can be viewed in three categories; Frictional, Structural, and
Voluntary. I would believe that this article could be understood more clearly
if we had statistics and breakdowns of the specific areas of unemployment. Looking
at statistics of people who are actively looking for a job and those who are
out of a job due to the lack of demand for their skill set would provide better
results showing just how successful the decrease of unemployment was over the
course of a year.
In my opinion, I think it is just
as important to note that the overall payroll for some states in these two
regions has regularly increased since this time last year. People are now able
to find work easier as a direct result from our economies growing job market.
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