People – Exploring the Potential

Unemployment in the United States seems to have slowed down with the newest numbers indicating a decrease in the rate of growth of unemployment (Unemployment Still Growing, But at Slower Pace – NYTimes.com) Analysts attribute the same to a slight ease in tensions with the health of finacial institutions looking positive. How fast the public latches on o these signals given the show at the stock markets. But what does this information hold in store for the 539000 people who have lost their jobs this year? That things could get better with investments into the economy flowing back in. Dr.Montek Singh Ahluwalia, Deputy Chairman of the Planning Commission, Government of India, made an interesting observation when he quipped that when the things are going bad in the private sector, the government needs to take the initiative and generate employment and opportunities for improving the economic infrastructure.This initiative will not only spur economic growth but will also create the foundation for the private sector to smoothly transit in once the turn is taken.

This form of public-private partnership is what the economy needs at this juncture to keep the spirits up and the markets ticking. And for the scores of people who have been ‘culled’ by the corporate world,  its just a question of time and opportune moments round the corner.