The company will centralize its efforts around a facial recognition system called Identi-Drive. Identi-Drive will allow customers to start their cars, scan for eye movement to ensure that the driver is alert and focused while operating the vehicle, and notify the driver if it detects distraction. This research paper will investigate the economic challenges that this company will face during the start up period, as well as economic conditions that the company will face during its days of operation. This section will cover economic information pertaining to the customer, the city of Indianapolis, and the economic factors that will determine the success of Identi-Drive. Unemployment rates have been on a downward decline since March 2010. Frank (2014) noted that from July 2014 to August 2014, unemployment rates have dropped 0.1%. Focusing on the last year, the unemployment rate has dropped from 7.5% to the current 5.8%. Indiana’s decrease of 1.7% is one of the largest declines of unemployment rating in the United States in the last year. This decline can be contributed to an increase in Indiana’s employment. Since September 2013, Indiana has added 51,000 employees to the workforce. Scott B. Sanders, Commissioner of the Indiana Department of Workforce Development, stated, "Indiana 's unemployment rate has decreased 1.7 percent over the past year, while the labor force has expanded by more than 51,000 workers, which is quite remarkable. During the same period, the Hoosier State
The unemployment rate has dramatically increased over the last several months. This increase has created many complications for the American people. Although the United States economy has created over 7 million jobs, there is still a long way to go until the economy is back on track.
Facial recognition is a technological product of the digital age that is continuing to evolve. The efficiency of the technology is an asset to crime detectives apprehending criminals, or the government tracking suspected terrorists for the safety of the country. It can also be used on a corporate level to allow a business to understand their ideal customer, or to increase the intractability of their website. While these abilities are positives to the people using them, the data collection may be harming more than it is helping. Considering the benefits of facial recognition, it is important for people to see what they are giving up for a more efficient experience. Facial recognition technology forces users to relinquish control of their own
In the present contemporary era, facial recognition technologies are being installed by the companies in an extensive sense that surely reflects a continuum of growing hi-tech superiority and complexity. At the most ordinary level, facial detection is done by this technology which means that a photo is just detected and located for a face ("Facing Facts: Best Practices for Common Uses of Facial Recognition Technologies," 2012).
Over the past five years, the federal government has also found it difficult to measure “improvement” in states. Currently, success is based in terms of job entry rate or increases over time in job entry rate, retention rate, and earnings gain. States may use quarterly unemployment insurance wage records, surveys, administrative records, or a combination of those data sources. States are given wide latitude in the sources of information they report. Also, to further distort the findings, there is no baseline data with which to make comparisons (Danziger, 2000).
Beginning with unemployment in the 2007-2009 recession, U.S. unemployment rates peaked at 10% as well as held 41 consecutive months at rates higher than eight percent (Lazear 1). The U.S. economy plummeted during this time; many attributed the shift to a large decrease in the number of employed workers. To be able to better understand the unemployment issue, we must first examine the form of unemployment faced by the U.S. economy. Many believe that the changes faced by the U.S. labor market
Developed in the 1960s, facial recognition technology has been used by the government and companies to identify people by matching them to photos. The data for this software was originally entered manually, limiting the scope of use. By 2001, the novelty of more powerful facial recognition technology grasped the public’s attention. During the January 2001 Super Bowl, surveillance cameras captured images to find people with a criminal record (FBI 2013). This potential invasion of privacy under the pretense of public safety sparked a public debate about what private information the government was allowed to take from us. So should we be putting limitations on the use of facial recognition software in America in order to keep
Educating oneself about the economy is a rigorous task seeing as it has several different aspects to it. Unemployment and the related topics in the chapter sparked an interest within me. Fortunately, I was able to find an article that covered this topic in a state I’ve come to love- California. The article, “California adds 54,200 jobs in May; unemployment rate ticks up to 6.4%”, provides visual representation of the data stated and provides quotes and opinions from people among the Californian population. This produces additional support for the article. The fact that the situation is occurring in California, along with visual representations, gave reason for my decision in choosing this article.
The recent job growth is impressive with an increase in 3.4% though the unemployment rate is still at 10% (U.S. average is 5.2%). With this recent increase, there is
Currently the unemployment rate is twenty-three percent (Roberts). That is a very high rate compared to past when
While there are expectations of a yearly gain of nearly 2.3 million net new jobs, the unemployment rate is still very high i.e. around 6.5 percent. The lower-than-expected job growth is fueled by various factors including government hiring, weather, and Obamacare. Actually, similar to December, January had a lower-than expected increase in job opportunities since only 113,000 jobs were created. However, the rate of unemployment still reduced to 6.6 percent in this month despite of the growth in labor force. The current rate of unemployment is the lowest in U.S. since the 2008 recession because more people are leaving the labor force instead of finding jobs.
To what extent should governments and companies be using biometric information obtained from facial recognition technology for surveillance and convenience in identifying individuals in society? This article discusses the legislature that must be implemented to protect our right to privacy. We will reach a conclusion by further analyzing the benefits and the risks of the new technology, evaluating the privacy issues that accompany, and discussing faults in the
The Level of the current labor force for Pennsylvania based on August 2016(P) data was 6515123, the employment number based on August 2016(P) was 6145408, the unemployment number based on August 2016(P) was 369715, and the unemployment rate for August 2016(P) was 5.7. Please note that this data is preliminary and does not reflect revised population controls, model re estimation and new seasonal adjustments. The 1 year change in the labor force for August 2105 versus August 2106 is 1.3% with a 16.32% change in the unemployment rate. According to the BLS, current population survey the unemployment rate increased 0.1% in August of 2016 raising the rate to 5.7%. Looking at the unemployment rate for August 2105 as compared to the rate in August 2016 the unemployment rate increased from 4.9% in 2015 to 5.7% in 2016 a rate increase of 14%. When you compare Pennsylvania’s unemployment rate to other states in the nation, Pennsylvania ranks 42 out of 51 state, therefore it does have one of the highest unemployment rates in the country. I feel that the reason that the unemployment rate in Pennsylvania is higher than other states is because the state has had more people entering the workforce and that increase has continued to outpace the number of new jobs that are available throughout the
The United States is currently experiencing a slow recovery from the recession of 2008-09. The current unemployment rate is 7.7%, which is the lowest level since December of 2008 (BLS, 2012). However, this rate is believed to higher than the rate that would occur if the economy was operating at peak efficiency, and it is also believed that there are structural issues still underpinning this performance. For example, the number of Americans who have exited the work force as the result of prolonged unemployment is believed to be higher than usual. In addition, the Congressional Budget Office (CBO, 2012) notes that long-term unemployment of greater than 26 weeks is at a much higher rate than normal, which will have adverse long-run effects on the economy, since workers with long-term unemployment often find their career paths derailed.
The unemployment rate in the United States has improved dramatically over the last two years, from a high of 8.3% in July 2012, to a low of 6.6% in January 2014. In October of 2012, the civilian labor force increased from 578,000 to 155.6 million, labor force participation increased up to 63.8%, and total employment overall rose by 410,000! Since then, the unemployment rate has been falling at a stable rate due to a political push from Washington DC and new employment initiatives. The inflation rate over the last 2 years has been relatively stably, with a few major increases and decreases in 2012 and 2013. It reached a high of 2.3% in June of 2012, and reached a low of 1.0% at the end of 2013. The federal interest rate has remained at a constant .25% over the past few years.
The fall of the economy at the end of our former president George W. Bush as led many of our citizen to be unemployed. It is the second highest rate that this country has seen since the 1980s. Our highest unemployment rate was in 1982 with a percent of 10.80 of our citizen been unemployed. The unemployment rate of our society today is at 9.60 percent leaving it 1.20 percent shy of 1982. According to the US labor report of August 2010, “The unemployment rate in the United States was last reported at 9.60 percent in August 2010. From 1948 until 2010 the United States’ Unemployment rate averaged 5.70 percent reaching an historical high of 10.80 percent in November of 1982 and a record low of 2.50 percent in May 1953” (CIOL, 20010). Since the Obama administration, I have seen some changes in our Unemployment. Companies are hiring more than they did two years ago. Therefore opening up new jobs for our citizen such as welding, construction, and banking.