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When food and energy -- two especially volatile and important price categories -- are removed from the picture however, prices actually rose two tenths of one percent in March. This is another sign that things are far more complicated than they seem.
According to the most recent news release from the Bureau of Labor Statistics, 299,388 worker lost their jobs in 2,933 mass layoff events (where fifty or more employees were let go from a single employer). This is one hundred and sixty four more mass layoff events than occurred in February, and the number of individual claims that has come as the result of these layoffs has increased by 3,911 -- this is not the number of claims, but the additional number of claims made in March as compared to February. This is also over one thousand more layoff events than occurred in the same month last year, corresponding to 137,891 more associated unemployment claims. The total unemployment rate of eight-and-a-half percent compares...
does not have a spouse/parent/child/other supporting them), but who cannot find a job. Inflation is basically the rise in the cost of goods. Generally, some inflation is a good thing -- people make more money, which means they are paid more to produce things, which means the prices of these things go up, which means people need to make more....it is a normal part of the cycle. When things get out of whack, however, inflation can rise too quickly. The government could try -- and is, in fact -- to use macroeconomic policy to address these issues. Keeping the cost of energy lower could increase business, but a lot more change is needed to turn things around and create more jobs, and this might have to take place on a micro level.
Adding to all of this complex (and admittedly oversimplified) interaction is the factor of inflation. One common measure of inflation is the Consumer Price Index, which actually dropped by one tenth of one percent in March when compared to February. Prices dropped slightly in February also, and through most of the last quarter of 2008, but rose significantly in December and January. When food and energy -- two especially volatile and important price categories -- are removed from the picture however, prices actually rose two tenths of one percent in March. This is another sign that things are far more complicated than they seem.
According to the most recent news release from the Bureau of Labor Statistics, 299,388 worker lost their jobs in 2,933 mass layoff events (where fifty or more employees were let go from a single employer). This is one hundred and sixty four more mass layoff events than occurred in February, and the number of individual claims that has come as the result of these layoffs has increased by 3,911 -- this is not the number of claims, but the additional number of claims made in March as compared to February. This is also over one thousand more layoff events than occurred in the same month last year, corresponding to 137,891 more associated unemployment claims. The total unemployment rate of eight-and-a-half percent compares to a five percent rate for March of last year.
Not everyone who isn't working is unemployed; the working definition of unemployment is someone who is of age and skill to be employed, and who wishes and needs to be employed (i.e. does not have a spouse/parent/child/other supporting them), but who cannot find a job. Inflation is basically the rise in the cost of goods. Generally, some inflation is a good thing -- people make more money, which means they are paid more to produce things, which means the prices of these things go up, which means people need to make more....it is a normal part of the cycle. When things get out of whack, however, inflation can rise too quickly. The government could try -- and is, in fact -- to use macroeconomic policy to address these issues. Keeping the cost of energy lower could increase business, but a lot more change is needed to turn things around and create more jobs, and this might have to take place on a micro level.
Unemployment in the Recent Recession: A Comparison of Cyclical and Marxian Theories The recent (or ongoing) recession has affected the entire globe, though some countries have been harder hit than others. In the United States, unemployment hit higher levels than it has seen in quite some time -- more than doubling at the depth of the recession in 2010 from its pre-recession low (in the current decade) in 2006 and 2007
Unemployment Rate The Disparity in the Unemployment Rate in the United States A recent article in the Sun Journal by Margaret Fisher (2012) has raised some serious questions as to the true state of the economy. While statistics from the department of labor assert the unemployment rate has dropped, giving the impression that the economy is in a recovery mode, Fisher maintains that this is misleading due to the fact that many
Unemployment Insurance Purpose of unemployment insurance Unemployment insurance is schemes under which people that have the capacity to be employed and are out of employment because of reasons that they can control or simply not their fault. It is meant for people that are available for work and they continue to seek paying jobs actively. In order for one to get the unemployment compensation they should meet unemployment eligibility requirements for what they
The announcement made by Governor Paterson revealed a federal desire for downsizing, rather the downscoping. The latter concept, understood as a reduction in the operations and diversity of the organizational activities, is not on the agenda of the governor. Paterson also discussed his desire to conduct the restructuring process with the collaboration of the unions, but he was discomforted by the resistance of the unions. From his standpoint, the union leaders
Unemployment UK According to the Office of National Statistics, the unemployment rate in the UK currently sits at 8%, the highest figure since 1994. The unemployment rate has been in a range between 7.5% and 8.0% since early 2010. The current trends show that youth unemployment is at its highest level since 1992 and that there is no end in sight for the unemployment problem in the UK (Office for National
Unemployment is considered to be a lagging indicator, but even so it would seem that the unemployment rate should be dropping faster than it is, now that economic recovery is underway. The current unemployment rate in the United States is 7.3%, up from 7.2% the month previous but otherwise at the lowest level since late 2008. This level is much higher than the pre-recession norm of 5% or lower Whether unemployment