The Decline in the Rate of Unemployment Is Due to Adverse Factors in the United States Economy

reported on Monday. The 7 percent unemployment rate last month — down from its most recent peak of 10 percent in October 2009 — is the best reading since President Obama took office, providing one bright spot for a White House beleaguered on many other fronts. The unemployment rate was 7.3 percent in December 2008, the month before Mr. Obama was inaugurated. “The headwinds are fading and the tailwinds are gaining strength,” said Michael Hanson, senior United States economist at Bank of America Merrill…

This has been attributed to the recession which affected the united state of America from the year 2007 (Moffat). Technological changes In the last decade technology has been changing rapidly and in a very fast rate. As a result accomplishment of tasks and assignments has been faster and more efficient. This is mainly because the technologically efficient machines and computers are able to work faster than human beings. Consequently many employers have chosen to replace the workers whose jobs can…

the economy. Individuals are not so sure about the reports issued on almost an hourly basis that are stating the economy of United States is improving. Many Americans are still without jobs, and do not believe their income can continue to support their families. The cost of purchasing a home is going up in many areas across the country, which is good for the market, but can be bad for the first time homebuyer. Unemployment, expectations, consumer income, interest rates are economic factors that…

The unemployment rate has gone so high that it leaves families to deal with psychological and economic effects of the impact of unemployment. Unemployment has caused many people to have to foreclose on their homes. The vast majority are hit hard in the black communities. Employers are not hiring any new help right now until they are sure that the economy will stay strong and not fall back down again. Many employers will fight against giving an individual unemployment benefits to help…

The belief is that the essential principle holds, however, and that if the unemployment rate gets too low, wages will rise, leading to “inflation.” (Unemployment: an LBO overview, 1999) The level of unemployement is affected by national policies and international relationships and events. International competition has been significantly on the rise since the end of World War II, resulting in the US facing major challenges from countries like Japan and Germany. American manufacturers have been…

 Cyclical unemployment or Keynesian unemployment occurs when there is deficiency or decrease in the demand for goods and services in an economy5. It occurs when aggregate demand reduces and there aren’t enough jobs for people that wish to work. Cyclical unemployment is affected and caused mostly by market forces6; reduction in the demand for goods and services in an employer’s mind usually means fewer workers are needed so they adjust by temporarily laying off workers and cutting hours of employees…

country with negative impact will definitely affect its economy. United States economy being the world’s largest economy; historically, it has maintained a stable GDP growth, a low unemployment rate, a high level of research and capital investment funded by both national, and because of increasing saving rates, increasingly by foreign investors. But offshore outsourcing has increased the unemployment rate dramatically in the decade. And so the economy worsened day by day. The truth is that many US companies…

In this paper I will talk about the factors that affect immigration in the United States as well as the way globalization has improved and affect our economy. This country was first establish by all the immigrates who came here in hopes of better futures but many have forgotten their roots and how they became a member of this nation. Globalization, which is defined by the Merriam-Webster dictionary as the development of an increasingly global and economy marked by the free trade. The two terms have…

elections in the United States. Also, by studying the percentage of voter turnout in every national election, we determine if voter turnout is declining by, “A country is considered to have declining turnout if its average percentage levels in the last three decades have decreased by more than 2% compared to those of the first three decades (Ferrini, 2012).” Given that the US does meet this criteria, lets get into analyzing these competing theories. The voter barrier explanation for the decline in voter…

The US transportation industry would suffer economic hardships jobs would be lost and transportation companies would shut down due to lack of business. The United States imports sixty percent of all oil used from foreign nations (Lugar). If foreign oil was not imported, an immediate price rise would be in effect on the oil that is gathered and stored internally. Because it can take five to ten years to start up an oil processing plant, the oil reserves in the US would be depleted. The price for a…