In the month of February, economy picked up good thrust henceforth creating jobs at a good pace. The unemployment rate started declining substantially. However, analysts suggest that the stronger employment gains are being risked due to the automatic cuts imposed by the federal government. When spoken of the lawmakers and other officials, experts said they are doing their best to get things on their right path. The news that needs focus is the momentum of the US economy into sequestration. Earlier in January the unemployment count reduced from 7.9% to 7.7%. In the month February, the Wall Street expected around 165,000 additional job.
The surprise rise in additional job offerings led the Dow Jones industrial average to a remarkable value of 14,397.07(closing stock). In the months to come the performance of the US economy is expected to be much better. Still, if the automatic reduction were not taken into picture, the performance could have been more robust. The unemployment rate is not expected to do much good in the times to come. The rate would shrink but only to a satisfactory level and not a good one. Most challenges are expected in the third and fourth quarter. This year the federal spending cuts are estimated to cost around 7, 00,000 jobs.
The labour industry is moving up, while there is no significant progress in the public sector jobs. The state and local government employees have counted much less in February. The current economy is trembling like never before. Even if the situation starts improving, something drags it down. This time it is the automatic spending cuts. Next time it could be something else. However, the jobs need to be taken care of. With the prevailing unemployment rate the economy can face a major downfall in near future without any prior knowingness.
This year, the Illinois government passed a bill where possessing small amount of marijuana will not be considered as a punishable crime. Throughout the country, this year has been a year full of record marijuana legislative policies. Other states like Ohio and Pennsylvania have enacted health related bills for marijuana consumption. Now the conditions are such that, more than half of the US population is living in US states that have legalized marijuana usage. Legalizing marijuana usage can help many things at the same time. It is important to take it wisely than being against something all the time.
Several existing marijuana programs have undergone modification. Basically, it has been legalized in most places. Florida legalized the use of any variety of marijuana for terminally ill patients. The laws being followed have many loop holes. Marijuana possession penalties have also been reduced in quite a few states. Significant progress was observed in the states that legalized marijuana for regulators, adults and legislators. In Colorado something very unique was decided. The out of state marijuana businesses’ ownership was allowed and the purchase quantity for non-residents of the state was also increased.
Colorado has taken significant steps to increase the number of local test labs for marijuana. It has created a separate business of people who transport marijuana. Alaska is aiming at issuing retail licenses soon. If marijuana is sold under control, the crime going on elsewhere can e stopped. People will get easier access to marijuana and eventually its demand will neutralize someday. People will not have to overpay for its use. Marijuana is considered beneficial for quite a few health reasons. It is a great stimulator, but can be addictive. Addicts can have withdrawal symptoms; hence its use must be under control. There must be an increase in cooperation program among adult retailers and medical retailers.