The Most Important Economic Issue Facing the United States Today - Essay Example

Comments (0) Cite this document
The author of the paper examines the most important economic issue which has dealt a major blow to the people in the United States. The author considers that it is the increasing unemployment rate due to the economic recession that had begun in early 2008.  …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.2% of users find it useful
The Most Important Economic Issue Facing the United States Today
Read TextPreview

Extract of sample "The Most Important Economic Issue Facing the United States Today"

 It has been estimated that there have been about 6.9 million job cuts since the beginning of 2008 and the unemployment rate has been soaring ever since. According to surveys, the unemployment rate for the month of August was about 9.7%, which is 0.3% higher than that of July. While economists explain that the increased figure correlates to the difficulty teenagers had faced in procuring jobs this summer, a widespread job loss is still being anticipated even in sectors that are showing promising growth such as manufacturing and construction. This has resulted in many people saving more of what they earn and spending less thus resulting in lesser growth rate. A good stimulus package from the government would help the people to get over the recession period. In addition, employment either on a part-time basis or temporary basis would also help the economy. Surveys have noted that people are opting for a lesser pay-package to boost their family’s income and to reduce debt rather than remaining unemployed. During the recovery phase, a better salary package could be provided. Thus it is vital for people to remain employed to help them during this time of recession. Meanwhile, it is up to the government to spend wisely and release the stimulus packages to slow down the recession and boost the economy.   Read More
Cite this document
  • APA
  • MLA
(The Most Important Economic Issue Facing the United States Today Essay, n.d.)
The Most Important Economic Issue Facing the United States Today Essay. Retrieved from
(The Most Important Economic Issue Facing the United States Today Essay)
The Most Important Economic Issue Facing the United States Today Essay.
“The Most Important Economic Issue Facing the United States Today Essay”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF The Most Important Economic Issue Facing the United States Today

The United States Economic

...for reducing interest rates in the short term. List of References Jones, Charles I. (2008). Current Macroeconomic Events,, Accessed on 13 November, 2011. Moss, David A. (2010). A Macroeconomic View of the Current Economy,, Accessed on 13 November, 2011. Sherry, Charles. (2011). Macro Economic Events Still Dominate,, Accessed on 13 November, 2011. Perelstein, Julia S. (2009). Macroeconomic Imbalances in the United States and Their Impact on the International Financial System, The Levy Economics Institute. Tanous, Peter J., and Cox,...
7 Pages(1750 words)Term Paper

Russia's Most Important Economic Sectors

... a tendency of sustained development. Reference List Economy – Overview. n.d. Central Intelligence Agency: The World Fact Book. [Online] Available at <> {Accessed on 27 February 2012]. Is Russian Civil Aircraft Manufacturing Industry Tool Slow to Compete in the Global Market?. 2010. Gravitas Research. [Online] Available at {Accessed on 27 February 2012]. Kaminski, B 1996. Economic Transition in Russia and the New States of Eurasia. M. E. Sharpe, Inc. Available at most+important... ?Russia's Most Important Economic Sectors Introduction: Russia is the ninth biggest economy in the globe according to the nominal value. It is blessed...
5 Pages(1250 words)Essay

Most Important Cybersecurity Vulnerability Facing IT Managers Today

...?PHISHING: MOST IMPORTANT CYBERSECURITY VULNERABILITY FACING IT MANAGERS TODAY Phishing: Most important cybersecurity vulnerability facing IT managers today Author Author’s Affiliation Date Introduction With the developments in information technology (IT) field, there emerged a large number of useful techniques to support a wide variety of functions such as better online communication, data transfer, business, marketing, management, etc. Without a doubt, these tools and techniques have provided wonderful advantages for the business organizations as well as individuals. On the other hand, these...
9 Pages(2250 words)Term Paper

Challenges facing managers today

... today. The paper will take a position and support it using information from relevant research. It is evident that today’s managers are faced with a number of challenges. The following include some of the most apparent challenges. A lack of resources in an organization can cause grave predicaments for a manager. A lack of resources may make the organization face cutbacks on significant things. This requires the manager to be economically minded and creative when this type of circumstance occurs. It is essential that a manager learns to make the most of what is available and check accessible resources to ensure they are not misused. Managers should also device ways of lessening costs on things which are of nominal significance so... progress...
5 Pages(1250 words)Research Paper

Issue facing texas

... College Issues in Texas Texas is one of the competitive s in terms of economy in United s. Many people move to thisstate for job opportunities. This movement has increased the population in this area. Its pollution in the next 50 years is estimated to increase to 55 million from the current 25 million. This economic growth is also challenged by many issues. Some of these issues experienced include transportation, water, electric utility capacity, healthcare and education. Education is one the areas which faces many issues. These issues are experienced in most of the education levels starting from K-12 to the universities and college levels. A part from education, there are some other issues that must also be addressed in Texas... . This...
6 Pages(1500 words)Research Paper

THE single MOST critical issue facing leaders & managers NOW (today

...Talent management Task: Talent management In the traditional sense, managers rely on the five roles of management. However, current times are revealing different scenarios. This regards the fact that managers should enhance flexibility to manage modern companies. It is vital to note that there are current ideas such as information technology in companies. Information technology arouses situations of talent. This brings the concept of talent management. The modern face of management split large duties such as human resource management into specific parts such talent management (Elegbe, 2010). Talent management would refer to manipulation of human capital for maximum benefits out of the same. The principal feature of...
2 Pages(500 words)Essay

What is the biggest problem facing the United States today

...of the fact that family trends are drastically changing within the entire population irrespective of their social or educational status. Along with the United States several countries have been experiencing changes in family structure and values, but every other country has introduced family structure policies and laws to help uphold the two-family system. In the case of the US, these changes which could have threatening consequences on the development of children and the future society, are now gaining acceptance among the general public. Issues such as single-parenthood, same-sex marriages and transgender issues are gaining a lot of prominence especially with the...
2 Pages(500 words)Essay

Most important change issues facing health care organizations

...savings from bulk purchases of systems, as long as clear roles and responsibilities are provided and that these systems are built into health care organisational culture, resources, and needs. Thus, the strategic approach to these health care issues is a holistic perspective on health care management. Works Cited Bendix, Jeffrey, Verdon, Daniel R., Ritchie, Alison, Marbury, Donna, and Chris Mazzolini. “Top 10 Challenges Facing Physicians in 2014.” Medical Economics 25 Dec. 1013. Web. 6 Feb. 2014. U.S. Department of Health and Human Services....
3 Pages(750 words)Essay

Immigration Issue of the United States

...make it easier for the immigrants to attain the official documents in order to address this issue appropriately. The US should review the decision that they made about the punishments for malpractices and irregularities in the documentation of migration affairs, because even they are going to help the country their adverse impact on the socio-economic regions in the long run will outweigh their immediate benefits. Moreover, studies indicate that undocumented immigrants are helping in the growth of the overall revenue of the United States from taxes across the different states they work (Pawlick and Finley 2). Some native people are against the...
2 Pages(500 words)Essay

Important challenge facing management

...Important Challenge Facing Management Important Challenge Facing Management One of the major issues affecting management, today hasto do with employee performance. Many times, the employees of an organization do not perform their duties as per the level expected of them. A number of factors exist, which contribute to such a scenario. Many times an organization has unclear and unrealistic targets, which tend to destabilize the employee (DuBrin, 2009). This may occur when the employee does not fully understand what the company expects of him, or if he has to operate beyond his legal jurisdiction. One may also find himself working in an...
1 Pages(250 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic The Most Important Economic Issue Facing the United States Today for FREE!

Contact Us