Unemployment Essays (Examples)

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Case Study in Bank Statistics

Words: 656 Length: 2 Pages Document Type: Essay Paper #: 84284145

Unemployment Rate

Personal Bankruptcy Filings Rates (All Counties)

Total Housing Permits

Unemployment rate: one would expect the correlation coefficient between the unemployment rate and the demand for bank loans to be negative. This would show an inverse relationship whereby an increase in the unemployment rate will lead to a decrease in the demand for bank loans. The economic explanation for this would be that as the unemployment rate rises, aggregate income decreases and fewer individuals are able to afford a bank loan.

bankruptcy rate: on the same logical path, bankruptcy rate and demand for bank loans will move in different directions: as the bankruptcy rate increases, the demand for bank loans decreases, because more people have declared bankruptcy and no longer have the necessary income to apply and obtain bank loans. Thus, demand for bank loans will fall.

c. growth rate in housing permits: one would expect the correlation coefficient…… [Read More]

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International Labor Economics Programme Title

Words: 2169 Length: 7 Pages Document Type: Essay Paper #: 40651466

This being the key player in the economy of the country, it is crucial to revive it as the priority towards reduction of unemployment in the economy. Structural reforms within the export sector involve the introduction of multinationals to supplement efforts of inward investment or revolution. The rate of impact differs in attempts to alleviate unemployment incidences (OECD 2011, pg 91-131). This is because multinationals proves to deliver an increase in the levels of output while inward organizations and entities still struggle to emerge from the effects of the economic recession. In order to reduce the levels of unemployment in the republic of Ireland, it is critical to adopt the three-pillar strategy to address the persistent problem in relation to the Irish labour market. Within the three pillars, the first motive should be welfare reforms. This should ensure that workers obtain better payment for their skills and services within the…… [Read More]

References

Perry, LJ 2008, 'A Comparison of Labour Market Reforms in Ireland, New Zealand and Australia', Journal of Economic and Social Policy, 12, 2, pp. 1-27, EconLit with Full Text,

EBSCOhost, viewed 2 July 2012.

'Structural reforms to reduce unemployment and restore competitiveness' 2011, OECD

Economic Surveys: Ireland, 2011, 15, pp. 91-131, Business Source Complete,
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U S Economic Performances in the Past 5

Words: 2485 Length: 7 Pages Document Type: Essay Paper #: 93457060

U.S. ECONOMIC PEFOMANCES IN THE PAST 5 YEAS

U.S Economic Performance in the past 5 years

Major indicator of healthy state of an economy is the real Gross Domestic Product (GDP) growth rate. The GDP growth rate reveals the performances of an economy. United States is one of the richest country in the world and "has the largest gross domestic product (GDP) in the world." (Jabir, 2009 P. 3171). The country total GDP in 2010 was $14.5 trillion. (World Bank, 2012). Since 2006, the U.S. GDP has continued to fluctuate. Between 2006 and 2007, the U.S. enjoyed the growth in the GDP. In 2006, the country recorded 2.70% point of annual rate in the GDP, and in 2007, the country GDP slightly declined to 1.9%. While the U.S. demonstrated health growth rate between 2006 and 2007, the country recorded negative growth in the GDP between 2008 and 2009. In 2008,…… [Read More]

References

Bureau of Economic Analysis (2011). Contributions to Percent Change in Real Gross Domestic Product. USA.

Congress Budget Office (2012). The Budget and Economic Outlook: Fiscal Years 2012-2022. Congress of the United States.

Congressional Budget Office (2011).Budget and Economic Outlook: Fiscal Years 2010-2021. Government Printing Office. USA.

Economic Intelligent Unit (2011). Country Report, United States of America. The Economist Intelligence Unit Limited.
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Business Economics the Limitations of the National

Words: 1086 Length: 3 Pages Document Type: Essay Paper #: 64908631

Business Economics

The Limitations of the National Income Accounts in How They Represent Our Standard of Living

The national income accounts have been the center piece in all matters concerning economics across the globe. These rules are a primary source of reference in determining the economic status of a given nation. It is the most preferred indicator of the rate of improvement and making comparison across nations. However, it is not the perfect indicator for the economic state due to its limitations that give a false image of the highlighted economy (McEachern, 448).

To start with, the national income accounts do not include other financial details such as the non-market productions in a given country. These include activities such as preparations in various productions. For instance, in preparing food in a restaurant, one does not include the energy used by the person preparing the food before taking it for sale.…… [Read More]

Works Cited

Gwartney, James D., Stroup, Richard L., Sobel, Russell S., & Macpherson, David A. Economics: Private and Public Choice. New York: Cengage Learning, 2008

McEachern, William A. Economics: A Contemporary Introduction. New York: Cengage Learning, 2011.

Tucker, Irvin B. Macroeconomics for Today. New York: Cengage Learning, 2010.
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Louis Uchitelle the Disposable American Team Jahoda

Words: 1217 Length: 3 Pages Document Type: Essay Paper #: 34926652

Louis Uchitelle the Disposable American team Jahoda, Lazersfeld Ziesel Marienthal show extensive effects experience unemployment depriving individuals incomes, inevitable material hardships demands, practical coping strategies.

The sociological experience of unemployment:

Unemployment as a psychological state in Great Britain and America

In America, one's ability to be productive and to do work often becomes synonymous with one's identity: the value one commands in the labor market becomes analogous to the value one has as a human being. The emphasis in America upon productive employment as a definer of self-worth can be seen in the contrast between the British unemployment experience as detailed by Jahoda, Lazarsfeld and Ziesel (2002) and Uchitelle (2006). In the British community of Marienthal with high levels of unemployment, although the unemployed husband's wives are upset at the privation their households must undergo, many of the men seem unperturbed. They use up their spare time becoming involved with…… [Read More]

Works Cited

Jahoda, M. Lazarsfeld, P. & Ziesel, H. Marienthal: The sociography of an unemployed community. Transaction Publishers, 2002.

Uchitelle, L. The disposable American. New York: Knopf, 2006.
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Economic and Financial Crisis 2008-2009 the Federal

Words: 1521 Length: 4 Pages Document Type: Essay Paper #: 6097338

economic and financial crisis (2008-2009), the Federal Reserve took exceptional measures in order to combat the effects of the crisis on the American economy. These measures translated into an expansionary policy that included pumping money in the economy and purchasing assets that were in trouble. Through its expansionary work, the government was able to balance some of the effects of the crisis.

The question that seems to be on everybody's mind (and lips) today is where does it all end? One thing everyone can agree on is that this type of expansionary policy cannot last forever. The United States economy functions as a free market economy where the laws of supply and demand govern the realities of the market. A continuous and permanent intervention of the Federal Reserve is neither possible, nor healthy. What nobody can agree on, however, is when the expansionary approach should stop: now, in the near…… [Read More]

Bibliography

1. Krugman, Paul. The Conscience of a Liberal. The New York Times. November 2013. On the Internet at http://krugman.blogs.nytimes.com/2013/11/25/nowhere-near-the-exit/. Last retrieved on December 13, 2013

2. Mankiw, Gregory. In Fed Policy, the Exit Music May Be Hard to Hear. The New York Times. November 2013. On the Internet at http://www.nytimes.com/2013/11/24/business/in-fed-policy-the-exit-music-may-be-hard-to-hear.html?_r=0. Last retrieved on December 13, 2013

3. Spicer, Jonathan, Lange, Jason. Fed officials signal next policy battle: rate guidance. Global Post. On the Internet at  http://www.globalpost.com/dispatch/news/thomson-reuters/131121/fed-officials-signal-next-policy-battle-rate-guidance . Last retrieved on December 13, 2013

4. Expansionary Policy. Investopedia. On the Internet at  http://www.investopedia.com/terms/e/expansionary_policy.asp . Last retrieved on December 13, 2013
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Economics Country Analysis

Words: 3685 Length: 10 Pages Document Type: Essay Paper #: 10554050

Economics - Country Analysis

Country Overview and Current Events (News)

Ethiopia, traditionally known as Abyssinia, is a landlocked Sub-Saharan country located at the Horn of Africa in East Africa, bordering Somalia, Kenya, Eritrea, Djibouti, Sudan, and the newly-created South Sudan. It covers approximately 1,126,829km2 of land; about the size of the state of Texas, and was, until the split of Sudan, the second-largest country in Africa. Being landlocked, Ethiopia largely relies on the port of Djibouti, to which it is connected by both rail and road. Economic elements such as this, together with the country's history, population, geography and economic performance have been explored in the subsequent sections of this text.

Population: the U.S. Census Bureau, in June 2013, estimated Ethiopia's population to be 93,877,025; a figure that makes the country the second-most populous in Africa, after Nigeria (orld Bank, Index Mundi). Ethiopia's population has been on a steady increase…… [Read More]

Works Cited

AFDB. "Inflation Dynamics in Selected East African Countries: Ethiopia, Kenya, Tanzania and Uganda." AFDB Brief, 2012. Web. 18 March 2014 http://www.afdb.org/fileadmin/uploads/afdb/Documents/Publications/07022012Inflatin%20East%20Africa%20-%20ENG%20-%20Internal.pdf

This article analyses the trend in Ethiopia's inflation rates vis-a-vis those of other countries in the Sub-Saharan region and was a valuable source of regional statistics, which formed the main basis for comparison.

Broussar, Nzinga, and Tekleselassie Tsegay. "Youth Unemployment: Ethiopia; Country Study." International Growth Center, 2012. Web. 18 March 2014  http://www.afdb.org/fileadmin/uploads/afdb/Documents/Publications/07022012Inflation%20East%20Africa%20-%20ENG%20-%20Internal.pdf 

This article analyzes the trend in Ethiopia's employment patterns. It reinforced my arguments that unemployment is more prevalent in urban Ethiopia, and that the country's informal sector contributes more to GDP than the formal sector.
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U S Economy Evaluating the Current State of

Words: 1712 Length: 5 Pages Document Type: Essay Paper #: 64743812

U.S. Economy

Evaluating the current state of the United States economy

Although many are of the opinion that the recession that the globe was forced into in 2008 is finally uplifting and signs of economic revival can be witnessed. The resulting high levels of debt and unemployment from the recession had dragged many countries, especially the United States in to a state of economic turmoil. In order to reverse the effect of such factors, the United States government has implemented strategic monetary and fiscal policies. These policies attempt to rejuvenate the economic position of the country by not only controlling the supply and demand via tax cuts but also through re-setting the interest rate level in accordance to the low level of disposable income available to the unemployed / lowly employed citizens of the United States can acquire loans to allow easy spending and repayment of the loan as well.…… [Read More]

Bibliography

CBO. (2012). Report: Estimated Impact of the American Recovery and Reinvestment Act on Employment and Economic Output from October 2011 Through December 2011. Washington D.C.: Congressional Budget Office.

FED. (2013, June). FED Federal Funds Rate, American central bank's interest rate. Retrieved from Global-rates.com:  http://www.global-rates.com/interest-rates/central-banks/central-bank-america/fed-interest-rate.aspx 

Labor, U.D. (2013, June). Databases, Tables & Calculators by Subject. Retrieved from Bureau of Labor Statistics: http://data.bls.gov/pdq/SurveyOutputServlet

Samuel, H. (2013, April 2). France says 75 per cent tax will apply to footballers. Retrieved from The Telegraph:  http://www.telegraph.co.uk/news/worldnews/europe/france/9966692/France-says-75-per-cent-tax-will-apply-to-footballers.html
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Economics A I View the

Words: 835 Length: 2 Pages Document Type: Essay Paper #: 42367461

A negative consequence, however, would be increased volatility in the value of the dollar. Imports would become more expensive as well, increasing inflation and potentially compelling the restructuring of the economy. Increased currency risk -- transaction and translation -- would also create difficulties for U.S. companies operating abroad. I do not support such a proposal. Attempts to jury-rig a global currency are as impractical as enforcing Esperanto as a global language. Such a currency would be inherently unstable, as the Euro example has shown us. The constituent communities would be committed to enforcing controls on each other in order to maintain the integrity of the currency. If at some point the currency of another economy overtakes that of the U.S., it will be because that economy is stronger, larger and more stable -- fundamental market forces -- rather than as the result of a political decision.

3. a) The Fed…… [Read More]

Works Cited:

Google.com. (2010). Unemployment rate. U.S. Bureau of Labor Statistics. Retrieved April 23, 2010 from http://www.google.com/publicdata?ds=usunemployment&met=unemployment_rate&tdim=true&dl=en&hl=en&q=U.S.+unemployment+rate
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U S Current Macroeconomic Situation Similar to the

Words: 924 Length: 3 Pages Document Type: Essay Paper #: 5969301

U.S. Current Macroeconomic Situation:

Similar to the rest of the world, the macroeconomic conditions in the United States are currently fragile. This is mainly because the rate of unemployment is high though is slowly declining, the currency valuation is fluctuating up and down, and the European financial unrest has continued to have significant impacts on the nation's economy. These conditions are coupled by a slow increase in manufacturing and upward trend of the stock markets. As a result of these macroeconomic conditions, there are huge speculations that the United States Federal eserve will enforce more stimulus plans in attempts to boost the stalled recovery of the economy.

Macroeconomic Outlook for 2012:

The backbone of America's economic recovery since the end of recent recession has been private consumption. The U.S. economy accelerated in the fourth quarter of 2011 and continued its slow recovery in the first quarter of this year after…… [Read More]

References:

Morris, K. (2010, October 7). Current Macroeconomic Situation. Retrieved October 18, 2012,

from http://socyberty.com/economics/current-macroeconomic-situation/

"U.S. Quarterly Macroeconomic Review -- Q1 2012." (2012, April 19). Macroeconomic

Quarterly. Retrieved October 18, 2012, from http://cebviews.com/uploads/2012/05/U.S.-Quarterly-Report-Q2_2012-FINAL.pdf
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Social Impacts Brought by Technology

Words: 1176 Length: 3 Pages Document Type: Essay Paper #: 72010099

At the same time, these people would need to have careers that they can go into after completing such training. (Marinellini, 2008)

Threats

The challenges of high unemployment facing the auto industry are having a ripple effect upon society. As far as threats are concerned, the changes that are occurring highlight how everyone must be prepared for sudden shifts in the marketplace. Where, many once thriving communities face the possibility of becoming ghost towns. A good example of this can be seen with Flint, Michigan. This was once a thriving middle class city of hard working General Motors employees. As the company slowly lost market share, the face of the town would change from middle class to one of cautionary tale. Where, homelessness and urban blight would become increasingly common. This is because the levels of unemployment would slowly eat away at the standard of living in the community, to…… [Read More]

Bibliography

Gerke, P. (2007). Flint Michigan. Associated Content. Retrieved from: http://www.associatedcontent.com/article/231606/flint_michigan_home_of_unemployment.html?image=85673&cat=10

Jones, J. (2010). Impact of Unemployment on Our Society. Helium. Retrieved from: http://www.helium.com/items/23934-the-impact-of-unemployment-on-our-society

Marinellini, O. (2008). From Humans to Robots. University of Maryland. Retrieved from: http://www.geog.umd.edu/academic/undergrad/harper/Marinelli_09.pdf
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Fiscal and Monetary Policy and Economic Fluctuations

Words: 1049 Length: 3 Pages Document Type: Essay Paper #: 10263461

Fiscal and Monetary Policy and Economic Fluctuations

The global economy was relatively doing fine more than five years ago before it was hit by economic downturn or recession. During this period, the American economy was at its peak, particularly in the fourth quarter of 2007. However, this was followed by a mild recession at the beginning of 2008, which eventually turned into a severe credit crisis across the world approximately one year later. While only a few countries escaped the economic recession, virtually no country could avoid the severe bear markets in stock (Norris, 2012). Some countries like the United States experienced changes in gross domestic product and stock markets. Since it has the best record of the main developed countries, the United States was severely affected by the recession. As the economic downturn came to end, America started the process of recovery from the effects of the recession. This…… [Read More]

References:

Davidson, P. (2013, September 11). Economy is Still Bruised Five Years After Crisis. USA

Today. Retrieved November 24, 2013, from  http://www.usatoday.com/story/money/business/2013/09/10/economy-2008-financial-crisis-lehman/2789841/ 

Klimasinska, K. & Chandra, S. (2013, August 27). America Resilient Five Years After Great

Recession. Bloomberg. Retrieved November 24, 2013, from http://www.bloomberg.com/news/2013-08-27/america-resilient-five-years-after-great-recession.html