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Hat do you think is the most important economic issue facing the United States today - Assignment Example

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The most important economic issue which has dealt a major blow to the people in the United States is the increasing unemployment rate due to economic recession that had begun in early 2008. It has been estimated that there has been about 6.9 million job cuts since the beginning…
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Hat do you think is the most important economic issue facing the United States today
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Download file to see previous pages aced 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. The number of part-time workers has increased considerably over the pat two years as more people are opting for the same. More people are also opting for starting a business such as recruitment agencies which has an increased demand at present as more people are approaching such firms to help them secure a job. 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 ...Download file to see next pagesRead More
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