what does a president do that is important in the creation of new jobs and which helps to lower unemployment rate?
2006-08-09 15:10:53 · 3 answers · asked by intelligent_collegenice 2 in Politics & Government ➔ Government
It has nothing to do with the creation of new jobs. They base the way the economy is going by different ways - GNP (gross national product), interest rates, and other ways. Another one of the ways to measure if the economy is thriving or not is the unemployment rate. If it is low, that means that companies are expanding, and hiring employees they normally wouldn't. If it is high, there are a lot of lay offs happening, and companies are down sizing, thus meaning that the economy is rough.
They speak about unemployment in the terms of job growth because it is a direct relation to the way the economy is going, which for some reason, they credit to the government, as opposed to the people spending the money. Go figure. . .
2006-08-09 15:32:37 · answer #1 · answered by volleyballchick (cowards block) 7 · 0⤊ 0⤋
The only thing the government can do to create jobs is to get out of the private sector's way. This means reduce excessive regulations and cut taxes to allow use to spend own money as we see fit.
2006-08-09 22:35:57 · answer #2 · answered by STEVEN F 7 · 0⤊ 1⤋
Lower taxes and make it more lucrative for small business and larger companies to grow. When there is growth more people are employed.
2006-08-10 11:57:48 · answer #3 · answered by roeskats 4 · 0⤊ 0⤋