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.
Nobody downloaded yet

Examine how unemployment and inflation changed over the year 2012/13 - Essay Example

Comments (0)
Summary
Unemployment and inflation are important economic indicators that are used by economists in assessing the economic situations of a country or the global economy. The bureau of labor statistics releases statistics on economic trends that helps in providing a clear picture of how…
Download full paper
GRAB THE BEST PAPER
Examine how unemployment and inflation changed over the year 2012/13
Read TextPreview

Extract of sample
Examine how unemployment and inflation changed over the year 2012/13

Download file to see previous pages... 2013). On the other hand, unemployment refers to person aged below 16 years, ready to work, except when they are ill and have made efforts during the 4 weeks before the reference week. Those people waiting to be recalled after being laid off must have been looking for job to be categorized as unemployed.
The rate of unemployment has remained relatively constant in the year 2012 at 7.8 percent. The rate of unemployment tended to reduce over the years as more focus has been taken on the population and labor force issues (Econedlink. 2013). In 2013, the rate of unemployment declined a little bit showing a positive sign of reducing the rate of unemployment. This is depicted in the graph below
From the figure above, in 2012 the rate of unemployment was around 7.85 percent. It decreased as 2013 was ushered in. It’s also important to note that this unemployment rate is contributed by different factors such as race, sex, gender, skills and competence among others.
Inflation also affected the economy of US in 2012 as well as 2013. The rate of inflation from January 2012 to January 2013 has oscillated between 2.9 percent to 1.4 percent as the lowest. For instance, the inflation rates was as follows during 2012; January 2.90%, February, 2.90%, March 2.70%, April, 2.30%, May 1.70%, June 1.70%, July, 1.40%, August 1.70%, September 2%, October 2.20%, November 1.80%, December 1.70%, January 2013 1.60% (Bureau of Labor Statistics. 2013). This fluctuation is because of the efforts to stabilize the US currency against other major currencies. The rate of changes in price index is more or the less equal throughout the period. It shows decrease in purchasing powers of money by people due to poor performance of the dollars.
Statista. 2013, ‘Monthly inflation rate in the United States from January 2012 to January 2013. Retrieved form: ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
How gender roles have changed over time
The many research methods that have been proven to be successful show the research about gender roles. They show that gender roles come to the humans from the variety of social influences that he goes through. These influences are formed during the socialization that takes place throughout our lives starting from childhood to adolescence.
5 Pages(1250 words)Essay
Over 2012/13, to what extent was the output gap a cause for concern
The output gap is calculated by subtracting the potential GDP from actual GDP which may result in a positive output gap as well as a negative output gap. Since the potential output cannot have a definite value and is only based upon the historical data and market conditions, the output gap is always an estimate.
4 Pages(1000 words)Essay
Explore how sexuality has changed over the past 100 years
However, more information has been learned in the last one hundred years about how sex works than ever before in human history. The one constant that has been understood throughout history has been that sex and death are the two driving forces in life, but the mechanics of how sex works has only just begun to fully be understood by human beings.
3 Pages(750 words)Essay
Inflation, Unemployment and Growth
2. The CPI measures, or estimates the rate of inflation. It is measured by calculating the price of selected goods purchased over time, against 100%. One advantage of using the CPI is the modification of measures it takes into consideration. They modify their
2 Pages(500 words)Essay
How has the traditional family changed over time
Moral behaviors and cultural practices were the major factors that guided and upheld traditional families. In traditional family, all things were done traditionally. That is, they ate traditional foods- leaves, roots and fruits, lived in huts, and worshiped in
1 Pages(250 words)Essay
Using supply and demand analysis, examine how recent events over 2012/13 have affected short and long run price changes in commodity markets
Being a basic commodity, food has an inelastic demand. This implies that demand for food does not correspond to prices in the ordinary sense (Shaw 630). For instance, the prices of corn, wheat, soybeans rose by 4% within the last six months. However, demand for these
1 Pages(250 words)Essay
How have goverment policies affected the exchange rate over the period 2012/13
Therefore the worth of the sterling depends primarily on the strength of currency demand relative to its supply (Riley, 2012). The exchange rate in UK is also of prime importance so the question arises whether the pound is strong or weak or middling. The
1 Pages(250 words)Essay
Unemployment and Inflation
Unemployment is the redundancy of the populations who are ready to work but cannot find jobs. Usually, it is measured by expressing those who can work against the total workforce in the economy (Gordon, & Solow, 2004). It can be caused by technology levels, lay off by organizations and when an economy is in a depression.
2 Pages(500 words)Essay
EXAMINE the proposition that there exists a correlation btween the rate of inflation and the level of unemployment. explain the significance of your result
These variables include employment, inflation, aggregate demand, and balance of trade. Policy makers usually strive to ensure that these variables are at sustainable levels or at levels that are
6 Pages(1500 words)Essay
Unemployment and Inflation
All workers have the job and can work as many hours as they can and receive the wages according to their productivity. When the economy is at full employment, the unemployment rate is not at zero. This is because full employment means everybody has a job hence the employment rate is 100%. Full employment is often considered an ideal type of work.
3 Pages(750 words)Essay
Let us find you another Essay on topic Examine how unemployment and inflation changed over the year 2012/13 for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us