3 million) of the decrease occurring in the last 5 months, across all major industry sectors." There is also a troubling pervasiveness to the extent of the downturn: "The number of long-term unemployed (those jobless for 27 weeks or more) rose to 3.2 million over the month and has increased by about 1.9 million since the start of the recession in December 2007." The rate of involuntary part-time workers also climbed by 423,000 to 9.0 million. This underemployment rate may reflect workplaces that cut worker hours rather than initially resort to worker layoffs to deal with a downturn in demand.
The high unemployment rate is one of the reasons for the existence of the economic stimulus package. The current administration is using macroeconomic policy to infuse money into the economy by hiring workers to work on a variety of projects and by providing aid to private sources to hire more workers. By increasing opportunities for employment the administration also hopes to increase consumer confidence and thus consumer spending at the same time. This is a classical form of Keynesian macroeconomic policy.
The government has also striven to bolster some flagging...
C much faster, could become a good timed cheaper investment in our infrastructure These actions that encourage growth by decreasing unemployment could be a trigger for increased inflation, added to the already considerable amounts of government spending required by the bailouts and the stimulus package. This could actually translate into inflation levels to spiral out of control during next year if the economy will recover without controlling the spending. Viewed from
2.5. Limitations of the study At the level of the limitations, these refer to the usage of secondary information, as opposed to the collection of primary data through the direct analysis of the Chinese market. This limitation is nevertheless addressed through the integration of multiple sources of valid and verifiable information, leading as such to the creation of solid, relevant and reliable findings. The second limitation is one common to all research
The President can dismiss much of the deficit criticism not by explaining the economics of the issue, since most voters do not have sufficient background in economics to understand such arguments, but rather by pointing to cuts in government spending elsewhere that will offset such increased spending. The President needs to make the case to the American people that not only is the job recovery underway already, but that by
Economic Situation What "current macroeconomic situation" U.S. (e.g. U.S. economy concerned unemployment, inflation, recession,)? What fiscal policies monetary policies time? Key concepts include paper -- data trends unemployment, inflation, GDP growth, expansionary fiscal policy tools, FOMC, easy money policy tools terms class. What is the current macroeconomic situation in the U.S. The United States is no longer mired in a full-blown recession as it was in 2008, but the process of economic
Economy The current economic situation in USA is that it is trying to get out of the recession that started in 2008-2009. The biggest challenge has been the high rate of unemployment that still stands at 8.6%. Inflation is not such a worry, as it remains low at around 2%. GDP is also showing some signs of revival. In 2012, the quarterly growth rates were 2%, 1.3%, 3.2% and -0.1%. The
Recession Effect of the recession on upon financial market, the real economy and over everyday lives Recession is defined as the economic slowdown or decline characterized by slowing down of trade, a magnitude decline in the GDP, and a decrease in employment usually lasting between 6 months to a year. This was the situation in the U.S.A. The hardest times being from 2008 through 2009 and the early months of 2010.
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