Macro Unemployment Rates Throughout The Term Paper

PAGES
2
WORDS
623
Cite
Related Topics:

One of the main impacts of unemployment on the economy is that it inhibits people's ability to pay for necessities and luxury items and in doing so consumer confidence is diminished ("Unemployment"). In addition when people are unable to purchase their basic necessities they begin to utilize welfare programs which can be associated with a whole host of economic and social issues when people are unemployed for a significant amount of time and become dependent on the system ("Unemployment"). As such low unemployment rates are encouraged because they have the opposite effect on the economy.

However, there are some unwanted effects of high unemployment rates, including inflation. According to the article there are also those that argue that unemployment can increase productivity and profitability because it causes people to fear that they will loose their jobs and as a result people tend to be more productive on the job. In addition, unemployment assumes that there is low real gross domestic product. This means that the economy...

...

We found that the unemployment rate in Kentucky has fallen over the last few months but is still above the national average. We also found that unemployment can have both negative and positive effects on the economy.

Sources Used in Documents:

References

Cracraft C. (9/26/2006) Jobless rates down in 75 counties from August 2005 to August 2006. Retrieved October 2, 2006 from; http://www.workforcekentucky.ky.gov/article.asp?PAGEID=4&SUBID=&articleID=558

Kentucky unemployment dropped in August (September 21, 2006) Cincinnati Business Courier. Retrieved October 2, 2006 from; http://cincinnati.bizjournals.com/cincinnati/stories/2006/09/18/daily38.html?jst=b_ln_hl

Unemployment." Retrieved October 2, 2006 from; http://www.colombialink.com/01_INDEX/index_finanzas_eng/unemployment.html


Cite this Document:

"Macro Unemployment Rates Throughout The" (2006, October 04) Retrieved April 25, 2024, from
https://www.paperdue.com/essay/macro-unemployment-rates-throughout-the-72158

"Macro Unemployment Rates Throughout The" 04 October 2006. Web.25 April. 2024. <
https://www.paperdue.com/essay/macro-unemployment-rates-throughout-the-72158>

"Macro Unemployment Rates Throughout The", 04 October 2006, Accessed.25 April. 2024,
https://www.paperdue.com/essay/macro-unemployment-rates-throughout-the-72158

Related Documents

In other words, these companies expand their business, reach a peak in their business activity, and then go through a period of recession, followed by a period of business expansion, and so on. It is important that companies understand that the economic sector they represent follows the same business cycle. Therefore, it is difficult for companies to expand their business during periods of recession in the economic sector they represent.

Unemployment: A Social Problem? There are few problems that nations face more perplexing than that of unemployment. The condition of being unemployed is in some ways natural to a capitalist system, as businesses try to succeed while spending as few resources as possible, and a flexible workforce means most people are willing and happy to change jobs several times throughout their lives. The problems of unemployment then often only go noticed

Moreover, considering that the country has a tradition in consuming cereal products due to its agricultural background and preoccupation for healthy lifestyle, the technology adopted by a market entrant should also allow for flexibility in terms of receipts or changing health requirements from both the customer and the authorities. Political (legal) General food safety requirements refer to the health and hygiene of the food handlers, their food handling skills and knowledge, the

2.5. Limitations of the study At the level of the limitations, these refer to the usage of secondary information, as opposed to the collection of primary data through the direct analysis of the Chinese market. This limitation is nevertheless addressed through the integration of multiple sources of valid and verifiable information, leading as such to the creation of solid, relevant and reliable findings. The second limitation is one common to all research

Hamilton's Arguments in Favor of the Debt and the Bank Jefferson would have no position against witch to argue had not Hamilton made the argument for the national debt so eloquently and so forcefully. Essentially, Hamilton and Jefferson entirely disagreed on the proper course to put the nation on a prosperous track. The greatest issue was whether the multitudinous colonial debts piled up by the individual colonies during and since the

Real GDP Interpreting Economic Data Real GDP Growth Percentage -- Overview GDP Overview Real GDP Overview Money Aggregates Money Aggregates Overview Borrowing and Lending Inflation Health of the Australian Economy Real GDP Growth Percentage -- Overview GDP Overview The gross domestic product (GDP) is one of the most basic economic indicators that people use as a benchmark that provides insights into the overall health of an economy (Investopedia, 2007). However, the number by itself does not provide much relevant information. In fact