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New ways to improve unemployment
A job seeker looks through job listings at the East Bay Works One-Stop Career Center on Jan. 9, 2009, in Oakland, Calif. The unemployment rate in the U.S. surged to 7.2% in December, reaching its highest level in 16 years.
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TEXT OF STORY
Bill Radke: With employment looking ugly, the Obama administration wants to create jobs. Marketplace's John Dimsdale tells us it's looking at tax incentives for businesses that hire and more spending on infrastructure.
John Dimsdale: The Obama economic team is considering extra money for federal highway construction as a way to create more jobs. But record deficits along with an expensive health-care reform bill means Congress will be skeptical of any more stimulus money, says Princeton professor Julian Zelizer.
Julian ZELIZER: Asking for more indicates that the first one isn't working. That's a politically tricky message that Obama has to deliver.
The White House is also talking about giving companies a tax credit for every new employee they hire. That idea makes Congress squeamish because of fear employers would manipulate payrolls and claim the credit without actually hiring new workers.
In Washington I'm John Dimsdale for Marketplace.
I believe that Obama should increase tax credits with companies for the simple fact that i have been applying for jobs since i last got fired at my last job in Febuary 2011 it is now October 2011 and yet i'm still without a job. Doing so of this process hopefully companies will look into it and start to hire, i would really appreciate the process because not only me but my family and also other people in he economy seriously needs jobs please and thank you.
