The Unemployment Rate Continues To Fall

Unemployment Rate Falls in January

As the unemployment rate takes a marked dip for the second month in running as per January’s figures, there is cause for rejoicing across the U.S. However, the news could be better, according to economists, who fear that the dip may just be the precursor to a slow increase in the number of unemployed in the coming months.

The latest report from the Government shows that from the 9.8% unemployment rate in November 2010, the figure dropped to 9.4% in December and further dipped to 9% in January. The declining rate has encouraged optimism about employment prospects across the country. But there is another side to the story that is not quite as heartening.

Yet another survey has revealed that only about 35,000 new jobs were added last month. Given that the falling unemployment rate represents nearly 600,000 newly employed people, the two findings are not consistent. Economists are still trying to correlate these two contrasting pieces of information to understand what it all means for the job market.

Staying cautious

While a cautious approach from independent analysts is not surprising, it is definitely food for thought that even White House officials are toeing a ‘wait and watch’ approach instead of advertising the declining unemployment rate. Unemployment rates often aggravate indicators of economics distress among individuals, such as reliance on payday lending to resolve money problems. In fact, economists at the White House have categorically stated that the figures need to be studied with care before any conclusions are made.

Even as he spoke of the encouraging dip in unemployment, the chairman, Council of Economic Advisers, Austan Goolsbee, warned that fluctuations are likely in the coming months. He said that data collected over such a short term should not be used as an accurate indicator of the true state of affairs in the segment.

Republicans vs. Democrats

The Republicans appear to be making the best of the White House economists’ disinclination to read much into January’s lower unemployment rate. John Boehner, Republican House Speaker (Ohio) pointed out that the continuing uncertainty in the job segment is clear indication that Obama’s attempts to hasten the economic turnaround have failed. In fact, the increased spending is causing more damage to the economy by creating uncertainties in the markets, the Speaker maintained.

On a non-political note, analysts also believe that the snowstorms and snow removal equipment that have swept across many areas in the country may have made a significant contribution to the low job addition figures. It remains to be seen if the continued fall in unemployment rates is sustained in the coming months as this will show if the weather has indeed played spoil sport with the President’s many plans for boosting the economic recovery.

Digital Technology For Safer Driving

Digital technology has significantly improved the safety of motor vehicles. Traditionally, drivers had to rely on on their eyes and ears in order to avoid accidents. However, there are multiple blind spots that are simply not visible in the side mirrors or rear view mirror. Even if a driver looks over the shoulder, there are still some blind spots, especially when operating a large commercial vehicle. Similarly, it’s not always possible to hear some sounds through the windows of a car or truck. Digital gadgets provide important real time feedback in order to prevent accidents and other unfortunate incidents on the road.

Backup cameras have become standard features in affordable passenger vehicles. Such cameras are usually wired into the electrical and entertainment system of a car. The actual camera lens may be integrated into the liftgate or license plate holder in the back of a vehicle. The videos that are captured by a rearview camera are usually shown on the display screen in the central console of a car. Some small displays can be custom integrated into the rearview mirror of a vehicle. The most advanced backup cameras have a field of view of about 180 degrees. This means that drivers can see everything that’s directly behind a car as well as to the sides.

Commercial vehicles can truly benefit from digital technology such as backup sensors and cameras. A standard backup sensor detects anything that’s behind a large truck. The typical range of such a sensor is between 10 and 20 feet. Audio signals are sent to the receiver that’s installed in the cabin of a truck. Semi trucks and tractor trailer trucks have multiple blind spots that often make drivers unaware of any people, vehicles and other obstacles that may be in the way. Trying to visit is an example of seeking rearview cameras and other safety gadgets for all types of vehicles.

Digital warning systems help modern drivers make proper lane changes when driving on the highway. Radar technology is used to detect any cars that may be within a certain distance. A driver is alerted when it’s unsafe to make lane changes or sudden stops on the road. The alerts may include voice commands as well as physical stimulation such as vibration of the steering wheel. Radar technology can also help drivers park their vehicles in tight spots such as in narrow one way streets.