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

American unemployment and how it effects the economy - Essay Example

Comments (0)
In a Newsweek article that considers these figures, Cook (2010) identified a number of causes for optimism. Cook discussed the positive correlation between jobs increased in…
Download full paper
American unemployment and how it effects the economy
Read TextPreview

Extract of sample
American unemployment and how it effects the economy

Download file to see previous pages... t 2010) article discussing the same report indicated similar positive indicators and speculated on the nature of the connection between the economy and the unemployment figures. It attributed the lowered rates to both the general flux of the economy, and the most recent stimulus package. It states that, “All the well-known private economic research firms estimate that it’s had a huge impact. IHS Global Insight, for instance, says the economy has about 1.7 million more jobs today than it would have had without the stimulus.”
While one would conceivably believe this to be indicative of a recovering economy a number of researchers argue that the percentage change is not as beneficial as observers might believe. Cook (2010) discusses that overall the unemployment rate remains awful, “men (10 percent), teenagers (26.4 percent), African-Americans (16.5 percent), and Hispanics (12.6 percent).” Other negative indicators are that the number of people who have been unemployed for 27 weeks or more has actually increased with this report, and that the amount of people who have stopped looking for work has increased to over 1 million, from the 500,000 figure of last year. It is also estimated that for the economy to keep pace with population growth, and the unemployment numbers to at least remain stable, the country would have to produce more than 140,000 new jobs per month (Leonhardt 2010). Other researchers state that the findings also indicate that the recession is worse than was originally assumed. The New York Times (Leonhardt 2010) stated that the reports indicate the economy had 1.4 million fewer jobs last year than was originally reported.
An Economist (2010) article points out that even when the economy begins to recover certain job sectors may never see pre-recession employment figures. It argues that, “The past decade’s jobs in retail and in entertainment were largely supported by household borrowing. Not only is a new wave of borrowing unlikely to ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
Effects of Structural Changes in the Economy of United Kingdom and How the Labor Market is affected
Thus, any economy should be given a lot of attention on its improvement and towards making life easier for citizens of a country. Dynamism of the national, regional and global economy often affect people’s livelihood through different changes that affect the ability of an economy to employ people (Erdem & Glyn 73).
14 Pages(3500 words)Essay
The Effects of the Credit Crunch Impacted the UK Population In Terms Of Lending, Mortgages And Unemployment
These concepts, methods, processes and trends of the profession are described in sections 3.1 to 3.4 and the results of the literature review are concluded in section 3.5 3.1 DEFINITION OF THE CREDIT CRUNCH A credit crunch is defined by Bernanke and Lown (1991) as a decline in the supply of credit that is unusually large for a given phase of the business cycle.
4 Pages(1000 words)Essay
How unsustainable the American economy is
This also led to the closing down of many major financial institutions that went completely bust. Liquidity was a major problem and still is in America. The bailout package did very little and the recent down gradation of the credit rating of American economy suggests the same.
4 Pages(1000 words)Essay
Wealth disparity and effects of long-term Unemployment on the United States Economy
Name: Instructor: Course: Date: Wealth disparity and effects of long-term Unemployment on the United States Economy Summary of the news article In the article on New York times “The Jobless Trap” by Paul Krugman dated April 21, 2013, The US employment situation is explored and the wealth disparity consequence this has on the economy is equally discussed.
7 Pages(1750 words)Essay
Unemployment in UK auses and effects on economy
In this regard the paper presents an overview of the unemployment situation in the country and discusses the causes and effects of unemployment on the economic development of the country. Furthermore, the paper also describes some possible ways that can help the country in reducing the unemployment rate.
6 Pages(1500 words)Assignment
How Supply and Demand Affects the British Economy
In regards to the British economy, they are certainly considered as being in this category. In order to come to a clearer and more knowledgeable understanding of the issue of the British economy and how supply and demand factors affect it, we must thoroughly address and investigate the key factors in regards to this subject.
4 Pages(1000 words)Essay
American economy
Together, all sectors of the American economy produce almost $4000 million dollars worth of goods and services annually, and each year they turn out almost $190000 million more. Most Americans consider themselves members of the middle economic class, and relatively few are extremely wealthy or extremely poor.
25 Pages(6250 words)Research Paper
The effects of different political parties on the US economy
Except for a brief conservative swing in the late 1940’s, liberalism worked relentlessly to swell the size and scope of the federal government until conservative policies under
8 Pages(2000 words)Essay
Imperfection Markets and Unemployment
In fact, capital wages are not unyielding, hence did not succeed during the Great Depression, moreover many industries also cut wages. The main aim of this article is to
3 Pages(750 words)Essay
How the song I Need a dollar by Aloe Blacc relate to Macro economics
Some of the effects of unemployment feature in the song include increased crime rate, “Bad times are comin and I gather what I dont plant”, high dependency ratio, “help me
1 Pages(250 words)Essay
Let us find you another Essay on topic American unemployment and how it effects the economy for FREE!
Contact us:
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