Unemployment Rate Hits Ten-Year Low 04/24/3133
INN - Interstellar News Network
KALE BAY--With the industrial explosion well underway and new companies
cropping up almost every week, global unemployment figures have dropped to 11
percent worldwide, their lowest point in a decade. Analysts further predict that this
trend will continue as more and more defense, power generation, and manufacturing
businesses, spurred by government incentives and the daily threat of war, continue to
open up all over Towne.
Compiled by the Towne-Wide Stock Exchange in Kale Bay, today’s figures include
many residents who have received promises of employment by companies that have
not yet opened their doors, such as the new Kohlat Industries support weapons plant
in New Brisbane, which is still under construction. The news is music to the ears of
many local stock watchers, who have turned to the planetary stock exchange since
the collapse of the HPG network left the interstellar market dangerously unreliable.
“What we’re seeing here is an unprecedented period of industrial and commercial
growth for the people of Towne,” says Tyler Stevinson, a leading economic analyst.
“Industry is taking off on mere speculation, drawing in construction revenues to
hasten development, and companies are offering incentive packages to their
prospective employees, even going so far as pretraining their new hires for jobs that
are not yet available. This widespread trend has not only brightened the outlook of the
planetary exchange, but it’s also widening the job market at a phenomenal rate.”
Industry and defense, however, are not the only employers looking to find a few good
men and women. Jobs in the commercial and financial industries, including retail,
food service, banking, and accounting, are all showing signs of recovering from the
economic recession that preceded the HPG network crash. Buoyed now by a
booming wartime economy, companies are gathering all the skilled and unskilled labor
they can find.
Some, however, still find little to celebrate between the sudden hiring boom and the
forecasts of more defense-related jobs on the horizon. Belinda Warthington, an
economic analyst for the Hope Foundation, cautions that Towne’s economic windfall
today will almost certainly translate into a catastrophic depression tomorrow.
“By their very definition, wartime economies don’t last,” said Warthington.
“Attempting to buy and sell warfare is like dealing with the devil. While it may be true
that the dividends are now great, what will happen when the HPGs are restored and
the fighting dies down? What will happen when the government realizes it’s
overextended itself to build military bases and buy expensive BattleMechs for a threat
that no longer exists, then has to close it all down again and decommission the troops?
That’s what nobody seems to have an answer for, and that’s why this great industrial
revitalization everyone keeps glowing about is nothing more than a house of cards.”
INN - Interstellar News Network
KALE BAY--With the industrial explosion well underway and new companies
cropping up almost every week, global unemployment figures have dropped to 11
percent worldwide, their lowest point in a decade. Analysts further predict that this
trend will continue as more and more defense, power generation, and manufacturing
businesses, spurred by government incentives and the daily threat of war, continue to
open up all over Towne.
Compiled by the Towne-Wide Stock Exchange in Kale Bay, today’s figures include
many residents who have received promises of employment by companies that have
not yet opened their doors, such as the new Kohlat Industries support weapons plant
in New Brisbane, which is still under construction. The news is music to the ears of
many local stock watchers, who have turned to the planetary stock exchange since
the collapse of the HPG network left the interstellar market dangerously unreliable.
“What we’re seeing here is an unprecedented period of industrial and commercial
growth for the people of Towne,” says Tyler Stevinson, a leading economic analyst.
“Industry is taking off on mere speculation, drawing in construction revenues to
hasten development, and companies are offering incentive packages to their
prospective employees, even going so far as pretraining their new hires for jobs that
are not yet available. This widespread trend has not only brightened the outlook of the
planetary exchange, but it’s also widening the job market at a phenomenal rate.”
Industry and defense, however, are not the only employers looking to find a few good
men and women. Jobs in the commercial and financial industries, including retail,
food service, banking, and accounting, are all showing signs of recovering from the
economic recession that preceded the HPG network crash. Buoyed now by a
booming wartime economy, companies are gathering all the skilled and unskilled labor
they can find.
Some, however, still find little to celebrate between the sudden hiring boom and the
forecasts of more defense-related jobs on the horizon. Belinda Warthington, an
economic analyst for the Hope Foundation, cautions that Towne’s economic windfall
today will almost certainly translate into a catastrophic depression tomorrow.
“By their very definition, wartime economies don’t last,” said Warthington.
“Attempting to buy and sell warfare is like dealing with the devil. While it may be true
that the dividends are now great, what will happen when the HPGs are restored and
the fighting dies down? What will happen when the government realizes it’s
overextended itself to build military bases and buy expensive BattleMechs for a threat
that no longer exists, then has to close it all down again and decommission the troops?
That’s what nobody seems to have an answer for, and that’s why this great industrial
revitalization everyone keeps glowing about is nothing more than a house of cards.”
| April 24, 3133 |