...When I was going up I always heard people say that “America is the land of freedom and opportunity.” But what they do not tell you it is a struggle. I realized that without a decent education it is hard to get a decent job. Which has caused the unemployment rate to be at a high. After doing a little research to find issues that are in my area of Brooklyn. The issue that resonated is the unemployment rate. The unemployment rate for my area is 14.8% but New York City has 9.5%. It left me thinking why is it so high for my area? Being in my late twenties I have come to the realization that when it comes to being unemployed there can be many factors that can cause a person to be unemployed. A person may have had a troubling pass. Or a person could...
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...many suffer from some unemployment; henceforth, their way of life is impeded by the lack of income. Although there are 6.1 million job openings and 5.3 million hires(as of September 2017), long-term unemployment still presents an issue in America today(Job). 0.8 million unemployed people are consequently...
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...digging up political issues in both America and Japan wasn't as easy as it sounds. Not for me, anyway. I was told to try to pick topics that I know something about, and that led me to the first political issue that both countries face: unemployment. The United States' unemployment rate is, as you probably know, pretty high. In February of 2010, just one month ago, America's unemployment rate was 9.70 percent (TradingEconomics). That's just shy of it's ten-percent unemployment rate a month prior. I was included in that unemployed ten-percent. Having worked for Sprint for a year and a half, my whole branch was outsourced and laid off last June. Getting a new job was nearly impossible, and I found myself surviving on the unemployment benefits provided to me by our government. Before I knew it those benefits ran out, conveniently around Christmas time. And even though I was given a ten week extension thanks to President Obama, I realized that I couldn't live off of those benefits forever. By definition, unemployment is “the percentage or number of people who are involuntarily unemployed” (Dictionary.com). Every major country has it's own unemployment rate, some larger than others. Japan is no different. The unemployment rate in Japan has almost always been less than the unemployment rate in the United States. In January of 2010, the unemployment rate in Japan was 4.90 percent (TradingEconomics), a little under half of America's unemployment rate that month. Both the United States...
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...Reducing Unemployment and Underemployment in the United States Name Institutional Affiliation Reducing Unemployment and Underemployment in the United States Reducing Unemployment Unemployment and underemployment are one of the main economic concern in many countries or states in the world today. It is a biting problem in many economies, and governments are always seeking a new way of solving this problem (Miller, 2011, p. 14) According to the Bureau of Labor Statistics, unemployment is a situation where a person does not have a job, but have actively searched in the past four weeks (American Vocational Association, 2008, p. 24). It also includes people who have been laid off for more than seven days. There are many reasons why people end up being unemployed. Understanding the reasons for unemployment is essential in coming up with a solution to the high rate of unemployment in the United States. The most important causes of unemployment are structural, cyclical and seasonal unemployment (Borts, 2010, p. 28). The United States has experienced approximately 11 recessions since 1948 when the postwar ended. The different government regimes have tried various methods over the years to turn around recessions and reduce the high rates of unemployment. Some government regimes have embarked on tax while others have embarked on stimulus spending. Unemployment rate in America remained high at 7.6 % in June 2013 (Clague, 2009,...
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...Reducing Unemployment and Underemployment in the United States Name Institutional Affiliation Reducing Unemployment and Underemployment in the United States Reducing Unemployment Unemployment and underemployment are one of the main economic concern in many countries or states in the world today. It is a biting problem in many economies and governments are always seeking a new way of solving this problem (Miller, 2011). According to the Bureau of Labor Statistics, unemployment is a situation where a person does not have a job, but have actively searched in the past four weeks (Clague, 2009). It also includes people who have been laid off for than seven days. There are many reasons why people end up being unemployed. Understanding the reasons for unemployment is essential in coming up with a solution to the high rate of unemployment in the United States. The most important causes of unemployment are structural, cyclical and seasonal unemployment (Borts, 2010). The United States has experienced approximately 11 recessions since 1948 when the postwar ended. The different government regimes have tried various methods over the years to turn around recessions and reduce the high rates of unemployment. Some government regimes have embarked on tax while others have embarked on stimulus spending. Unemployment rate in America remained high at 7.6 % in June 2013 (Clague, 2009). The Bureau of Labor Statists reports on all matters relating to unemployment in the United States. In America...
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...Introduction ……………………………………………………… 3 3. Findings 3.1 Inflation rates …………………………………………………… 4 3.2 Unemployment rates ……………………………………………4 3.3 Growth rates………………………………………………………4 3.4 Political……………………………………………………………5 3.5 Economic ………………………………………………………… 5 3.6 Social………………………………………………………………6 3.7 Technological ……………………………………………………6 4. Conclusion ………………………………………………………… 7 5. Recommendation ………………………………………………… 7 6. Reference List……………………………………………………… 8 Li Ning Company Survey report Summary We have researched Li Ning Company, a Chinese enterprise which produces sport clothing and sport shoes. And we have surveyed the US market in many aspects at the same time. We will introduce that how this Chinese company enters America market in this report through omnifarious analysis. Introduction The report will look at: · The current situation of America · Inflation rate of America · Unemployment rate of America · Growth rate of America · PEST analysis of America market · Recommendations for action Findings America is the best economic power around the world. Its great influence in political, economic, military and many other areas is unmatched by other countries. Li Ning entering the American market will be facing a lot of new challenges and opportunities inevitably. Here we will analyses America market for Li Ning entering America in inflation rates, unemployment rates, growth rates and PEST analysis. Inflation rates In economic, inflation rate is the...
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...Recession in America…Again I. Summary On June 13, 2014, The New York Times published an article entitled, “The Economic Damage of Recession.” This article explains the damages a recession could pose on the economy of America. Gross Domestic Product or GDP, for short, can be used to measure the efficiency of a country’s economy. GDP is broken in to two categories, nominal and real. Nominal GDP is not adjusted for inflation and real GDP is adjusted for inflation. The real GDP declined by 1%. The economy was actually estimated to grow by .01% in this period but instead declined for the first time in three years. This decline could signal the start of a recession, which is defined as negative growth in two consecutive quarters. The last recession to hit America was in December 2009 and lasted approximately 18 months. The article also states that consumers of countries which experience negative growth in two consecutive years will change their spending habits. Consumers follow the media, if the media defines the country as being in a state of recession; the consumer will adjust their spending habits further more hurting the economy. A declining GDP can have significantly negative effects on the unemployment rate and consumer price index or CPI. If this decline continues America could be facing another recession in 2014. II. Relation to Economic Concepts The article ties in to many economic concepts. First, it describes Real GDP and how it is used to measure...
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...oject 2Project 2 Project 2 Christopher Salazar 3518 N. Howard Ave. Fresno CA, 93726 Chrissalazar07@gmail.com (559)288-8175 GM545 Business Economics 2/5/2012 Jonathan Altman DeVry University Chapter 15 Question 14 In order to know the limitations of Americas National income accounts and how they represent our standard of living, it is necessary to kn0ow our GNP or Gross National Product. According to Chron.com, a business expert web site, it is the total output of and economy, our economy in this case. It is said that the production output of America is directly related to how well we are living, our economy is doing, and also how well we are prepared for any sudden disruptions in the course our economy would take. With the GNP defined, one of the limitations that represents Americas standard of living would be services that are not considered in the GNP. These can still have an effect though but are not considered for various reasons including the government not gaining taxes from it or illegal activity. Any of these are understandable to not consider due to the fact that they are not something America can rely on as solid figures compared to an employer’s payout wages. This however is not something to totally ignore. These services are called Ommition or Underestimation (Chris Chan). The drug trade is a large black market, although there are no solid figures that economists have been able to gain due to the nature of product, it is widely known that much activity...
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...Middle Class America is Feeling the Pressures of Economic Distress Larry S. Jordan Excelsior College Do you remember a time when gasoline was under $2.00 per gallon? I do and it was 2008 when it last occurred. Middle Class America is feeling the pressure of the recession. Economic growth has slowed down over the last decade and is improving only slightly in the last four years. In a time when the commodity prices are rising, and the cost of living is increasing, the one constant that stays the same is that the middle class income is not rising as fast as inflation. Middle Class America is diminishing with the rising costs of healthcare, stagnant wages vs. inflation, and the rise of unemployment. The rising costs of healthcare have escalated over the last 10 years significantly. Davidson (2014) reported that the fourth quarter last year was the fastest pace in health care spending in the last 10 years. The total spending on healthcare is expected to reach over 4 trillion dollars by the year 2021, according to Aetna Insurance. The reason this effects the middle class is that employers are requiring the employee to share in a larger portion of the insurance premiums, this is a change that is becoming popular with most companies. Collins (2008) reported that the proportion of adults spending 10% or more on their healthcare have more than doubled between 2001 and 2007, from 18 percent to 36 percent. One of the core beliefs is that the middle class income is not keeping up with...
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...has been asked to research unemployment concerns in Chile and to write a report of his/her findings. The employee has been asked to research data sets for unemployment and state the relationships between unemployment and Chile’s economy. The employee must answer what trends he/she finds in the data sets and to support those trends with statistical evidence. In today’s economic turmoil one only needs to look at Chile to gain a better view. According to www.thisischile.cl the country is ranked second according to the Economic Climate Index (ICE). Chile is ranked second after Brazil in Latin America. Chile has reached a 7.8 ICE score a vast improvement over the 1990 score of 2.9. According to the New York Times (2011) “Chile is home to the world's largest copper producer.” Chile also produces wines and fruit with agriculture accounting for 15 percent of Chile’s total exports. As stated by Krugman & Wells (2009) “Unemployment is the number people who are actively looking for work but aren’t currently employed.” Krugman & Wells (2009) also states that “The unemployment rate is the percentage of the total number of people in the labor force who are currently not unemployed.” A country’s economy has a direct effect on the unemployment rate. If the economy is good unemployment rates are usually low, if the economy is bad the unemployment rate is usually high. Chile is currently enjoying a stable economic climate with unemployment numbers reaching an all-time...
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...and decrease for different reason throughout the years. The essay will discuss the crime trend in America and the reason for a decline in 1999. In 1999 there were several reasons that could be the cause for a decrease in crime trends. Unemployment rates were low in 1999, in fact at the time rates had not been seen as low since 1969. There was also an increase in new jobs; under President Clinton administration the economy added 245,000 jobs per month. When President Clinton took office in 1992 the unemployment rate was at 7.5%, by 1999 the rate had dropped to 4.0%. Employment showed a promising reason for a decrease in crime (The Clinton-Gore Economic Record, 2000). Throughout the years researchers have been noticing when the economy is good it seem to reduce the amount of crime that happens. In the article Crime and Unemployment, the author refers to a study conducted in the United States that showed unemployment as a reason behind higher homicide rates and suicides; the study was conducted from 1940-1984. The study included five socio economic variables unemployment rates, gross national product per capita, females in the workforce, the divorce rate, and the percentage of Roman Catholics in the population. The results showed unemployment and suicide rates were influenced by economic variables. The author states, “The relationship between crime and unemployment has been of interest to both economists and sociologists. It has been argued that having a job with...
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...Balance of Payment Ford, the second-largest motor corporation in America. Although it main sales volume was come from the home country, which is North America. But the Asia pacific and Africa region will be the fastest growing market for Ford corporate. Hyundai, the fourth largest automaker in the worlds. It main sales came from home country which is Korea. The Balance of Payment in different country is one of the factors that will affect the growth of ford and Hyundai in different country. For the trade deficit show on Balance of Payment, which mean that a country import goods from another country more than they export out to another country over a sustained period of time. In short run, this is good for economic growth in the country. However, in long run, the country may go into debt. In Germany which is the main office of the Ford Company in Europe. Assumed that trade deficit occur in Germany, the production of Ford will decrease since the government import more stuff in and export less. This scenario will happen to the Hyundai in Germany. Assumed that in United Kingdom which is host country for Ford and Hyundai, if trade deficit happened for a long time, the country will go into debt and this will affect the investment of foreign investors in both Ford and Hyundai companies at United Kingdom. For Ford, the high percentage of sales was come from United Kingdom whereas compare with Hyundai, the percentage of sales that was come from United Kingdom is lower. So the effect...
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...The Effects of Unemployment Roderick C. LaGrone COM 150 January 28, 2011 Holly McCusker The Effects of Unemployment Over the past ten years there has been a great shift in society’s employment system. Corporate America has taken major cutbacks in the working labor department that has left many citizens unemployed and destitute. Anger and concern over layoffs, wage unproductivity, declining benefits, and the movement of jobs overseas has left citizens with harsh and undesirable views of the actions and motivations of Corporate America. With the unemployment rate on a downward slope, American citizens have become distressed which has resulted in emotional, social, and, economic hardships. Even though the unemployment rate in the decline many families are still in distress because of the social and economic problems caused widespread company layoffs. Can Corporate America offer our families a better way of life ? The unemployment rate has been on a slow decline over the past few months which indicate a slow improvement in the job market. Even though the decline is a positive indication, many companies are not hiring at an alarming rate. Based on Bureau of Labor Statistics (BLS) the number of unemployed persons decreased by 556,000 to 14.5 million in December, and the unemployment rate dropped to 9.4 percent. Over the years, these measures were down from 15.2 million and 9.9 percent, respectively. As the economy continues to slowly recover many Americans are still trying...
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...Problems of Unemployment * Unemployment is a problematic issue that affects the citizens of America, according to the US Department of Labor; unemployment has risen this year to 7.3 %, which is 0.8 points higher than last year. Economists are very sure that unemployment ratio will never be at 0%, however, there is hope that the rates can become much lower. Americans are laid off their jobs daily, reducing households to single income families are even no income. This long-lasting economic effect has knocked on the door of home and affected my family as well as other hardworking citizens. One writer stated, “Too often unemployment affects not only unemployed individuals but also members of their immediate families.”(Aber, 1997). In this essay I will discuss how unemployment has affected my family, how my family is coping with this issue and what positive movements the economy is working on to recover from this problem. What is your thesis? This is a persuasive essay, so I am expecting a point of view. Merely implying is not clear enough. You must be as clear as possible. In January 2013, my husband was laid off from his job with no warning. His supervisor approached him after his shift and was told him that the company was downsizing and his position was no longer needed. The supervisor gave him his last paycheck, and encouraged him to file for unemployment benefits. Unemployment benefits will not...
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...Is the “American Dream” just a dream? It is commonly believed that America is the place where anything can be achieved as long as the work is put in. For centuries, people have been fleeing their homeland and moving to America because it’s believed that this is the land where dreams can come true for anyone. My parents were one of those people as they have moved to America hoping to form their dreams into a reality. Similar to other immigrants, my parents decide to move to America for one thing, and one thing only, which was opportunity. The biggest misconception about the “American dream” is that everyone gets an equal opportunity to succeed. Racial inequality is the root cause for the lack of equal opportunity and it has been decimating society’s...
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