Unemployment is a troubling problem that affects every area of the economic sector. In times of economic turmoil, unemployment rates typically increase for workers from all industries, influenced by a number of economic indicators, including consumer confidence, inflation, government spending, and economic growth.
As economic conditions decline, businesses of all types are affected, and as a result, they must cut costs, often in the form of job cuts. Unemployment results in a number of economic and emotional consequences for those affected. The following discussion will distinguish between two types of unemployment and its various causes as well as the influence of the events of September 11 and afterward that have resulted in higher rates of unemployment across the United States.
Causes of Unemployment
In the fourth quarter of 2002, unemployment rates soared to 6%, the highest jobless rate since 1995 (Cooper 25). Despite promising indicators that an improvement will be seen in the 2003 labor market, very little optimism has been observed. The 2001 recession resulted in dramatic decreases in profitability and productivity in most industries. Consequently, many jobs were eliminated and workers were left to seek other sources of income. It is important to note that both skilled and educated workers are vulnerable to unemployment in the current economic downturns. Unfortunately, skilled workers in manufacturing and other similar industries as well as educated workers in financial and comparable sectors have...
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
Thus, the testing will not only expose a relationship, but may shed light into how it will continue to evolve in the future. Using Microsoft Excel, a regression test was administered for each individual independent variable as it related to the dependent variable of general unemployment in Detroit. Data Automotive Industry Employment rates in thousands Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual 2002 2003 2004 2005 2006 2007 2008 96.9 2009 79.5 86.6 86.2 85.4 77.2 73.4 73.5 80.5 84.3 83.9 82.8 83.9 81.4 2010 82.7 82.7 82.6 83.3 83.8 85.0 81.2 83.3 87.6 89.4 89.8 90.2 85.1 2011 89.4 90.4 91.2 93.1 93.4 94.1 83.3 92.0 94.7 96.3 96.7 97.4 92.7 2012 97.6 98.2 99.3 97.4 98.5 99.5 95.8 96.8 97.7 97.7(P) P: Preliminary (United States Bureau of Labor Statistics 2012) Year Period labor force employment unemployment OUTPUT Regression Statistics Multiple R 0.872748 R Square 0.761689 Adjusted R. Square 0.7319 Standard Error 1.573775 Observations 10 ANOVA df SS MS F Significance
Cyclical Unemployment economists overstating cyclical unemployment rate understating natural rate? Are economists overstating the cyclical unemployment rate and understating the natural rate? Cyclical unemployment derives its name from the fact that it reflects the 'cyclical' ebbs and flows of the business cycle (Ask an economist, 2008, Labor Market Info). When the economy is doing poorly, workers are let go and are involuntarily unemployed. Although the contraction may begin within one economic sector, eventually
Juvenile Delinquency Impact of Poverty, Health Problems, Family Problems on Increase in Juvenile Delinquency? Juvenile delinquency and its causes have been studied extensively. Many factors that put adolescents at risk of becoming delinquent have been identified. The majority of youth who enter the child welfare system, and many of the youth who are caught up in the juvenile justice system have experienced abuse and neglect, dysfunctional home environments, destructive and inconsistent parenting
Producer Symbolism) at that time, the oil balance of these countries was not as critical as it is today, and they were not really depending on "foreign" oil. The entire situation changed with the October War which started shortly after midday on Saturday, October 6, 1973 with a concerted attack by Egypt and Syria on Israel. (Oil Price History and Analysis) At the same time, one has to remember three
Obama N. Racism Obama and Racism Throughout history, several factors have always helped decide who was entitled to even run for the esteemed office of the President of the United States of America. Military service, a prominent Governorship, family connections, the number of slaves owned and of course having a boat load of money clearly helped. Of course, this list offered no guarantees of making the short list. The nations' power brokers
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