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Miami-Dade County and the city of Miami have for a number of years remained somewhat ahead of state and nationwide unemployment levels. But as the recession drags on into its 18th month, it is clear that Miami is no longer insulated from the patterns impacting the rest of the nation. Indeed, this last year has seen the unemployment rate in Miami reach heights unseen since the massive influx of immigrants which diluted the job market in the early 1980s. According to an article by Andron (2009), the jobless rate in Miami-Dade county had climbed to 10.6% by this June. The article by Andron explains that though there are signs of economic recovery afoot, cities such as Miami are experiencing a jobless lag based on a long stretch of economic stagnation. Accordingly, the article notes that in such modest recovery periods, "businesses usually are reluctant to step up hiring until they are sure things are looking up. And second, discouraged workers who have given up looking for a job often return to the market when they hear things are getting better. That can make unemployment look worse because those workers don't count as unemployed until they start actively seeking a job." (Andron, 1)
The outcome of this trend, whatever its implication, is to place Miami at the forefront of the labor crisis impacting state and nation as a whole. While Florida's overall unemployment rate had reached a directly parallel 10.6%, the national jobless rate is presently at 9.5%, which is up 3.9% from this time last year. (USDoL, 1) The alarming decline in employment is clear across all levels of governance as states such as Florida struggle in clear reflection of the broader crisis for American laborers.
Find information about labor market statistics of your community Miami, Florida over the last 3 years. Compare the labor market statistics of community of Miami, Florida to the same labor market statistics for the...
To increase effective demand, Keynesians believe the government must balance the economy with deficit and increase expenditure. However, the constant alternation between booms and recession is causing the booms to get shorter while the recessions become longer. This phenomenon is the result of empirical evidence that indicates that in the end, the interest rates decrease. However, this situation creates a problem of capitalism as the rich increase their wealth while
This also implies inadequacies in fiscal sustainability, which influences investments in private sectors. The second channel happens through the level, composition and quality involved within the public investment, which shows the level at which the public investment replaces the private investments (Schmidt- Hebbel, Serven, & Solimano, 1996). The final channel regards the level of taxation on the corporate earnings and the rules applicable in depreciations. There have been arguments that fiscal policy
Under the arrangement, moreover, a country with efficient production and a favored competitive position (including as enhanced by new capital goods) is rewarded with rising income and reduced unemployment. No grand scheme of state or international planning and direct control is required. Exchange rates are for the most part fixed under the classical gold-flows mechanisms (say, $/£ const. within fixed limits), as stated, and adjustments to trade imbalances
British Age of Austerity and the Debt Crisis Currently, the United Kingdom is going through a period of intense economic turmoil where the fundamental questions of monetary and fiscal policy are major political issues. As Europe finds it's way through the ongoing sovereign debt crisis, Britons find themselves on the cusp of a recession and their government is enacting unprecedented budgetary cuts to weather the storm. This paper will analyze
Second, margin accounts are now regulated. There are margin call limits nowadays which prevent individuals and institutions from assuming too much risk in the stock market. Banks also limit margin borrowing. A person has to fill out a special application in order to open a margin account and demonstrate knowledge of stock trading before such an account is opened. Thirdly, banks that are big are not permitted to go
Disrupting America's economic system is a fundamental objective of terrorists Even as the world continues to struggle with the terrible shock from the September 11 attacks in New York and Washington, one principle lesson has already become clear: disrupting our economic system is a fundamental objective of terrorists. Prior to September 11, our economic environment was certainly not immune to terror, in comparison to many other nations; we lived relatively terror-free. Now,
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