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Research report - Assignment Example

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To: Lisa Grey, Deputy Administrator, US States Department of Labor From: Michael A. Leven, President and Chief Operating Officer of US Chamber of Commerce Date: 21/07/2013 Subject: US Structural Unemployment, 2012 Enclosed is “US Structural Unemployment, Annual report, 2012” This report contains a study of the US structural unemployment problem and probable solution handled by US Chamber of Commerce officers and managers in the year 2012…
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Research report

Download file to see previous pages... It is my hope that this report will provide the department with the information needed to assess their own efforts on the US employment scenario. Please let me know if there is any question regarding this report or if there is any other information needed. I may be reached at (555) 211-2121 and by email at ABCD@USchamberofcommerce.com Enc. REPORTED US STRUCTURAL UNEMPLOYMENT 2012 Annual Report Prepared by Michael A Leven President and Chief Operating Officer Report distributed July 21, 2013 Prepared for US States Department for Labor ABSTRACT This report examines the pattern of growing US unemployment since the global recession started. There are two types of unemployment. This report identifies the structural unemployment problem and tries to help the government with the policies in right direction. Several Methods of way-outs are discussed here. Table of Contents Abstract……………………………………………………………………………..3 Executive Summary……………………………………………………………… 5 Introduction…………………………….………………………………………… 6 Analysis of Reported US STRUCTURAL UNEMPLOYMENT…………………………………………..………………….. ...
Several Methods of way-outs are discussed here. The United States Chamber of Commerce is a lobbying group of America. It represents the interests of many trade associations and businesses. It is not a part of United States Government. The Chamber is populated with lawyers, lobbyists and policy specialists. Politically, this Chamber is usually considered as a conservative organization. Introduction This report inspects the recent US trend of unemployment problem since the outset of global recession. It discusses about various factors that distinguish cyclic unemployment from structural unemployment. Usual government policies to eradicate the unemployment are not just sufficient to rub off the structural unemployment. Structural unemployment is often referred to as either skills or jobs mismatch. The workers face the consequence by either being on the wrong side of the job or end up having the wrong skills. The policies should be designed in such a way that people on the wrong side of the job and with wrong skills should be moved to right position. If unemployment is through lack of demand, then demand should be created through generating spending. Spending has real benefits in present or in the future. Be it wasteful or useful, any spending can generate employment. Larger government deficits either by tax cut or direct spending are the obvious ways to increase spending. Lowering of interest rates and reducing the value of dollars by Federal Reserve Board are the other alternatives to soar up the aggregate demand. Analysis of the US Structural Unemployment Structural unemployment comprises either skills or jobs mismatch. The workers face the consequence by either being on ...Download file to see next pagesRead More
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