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Home/ Economics 6th Hour/ Contents contributed and discussions participated by Matti J

Contents contributed and discussions participated by Matti J

Matti J

"Fiscal cliff" drag on economy less than feared so far - 0 views

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    This article explains how the U.S. economy showed surprising signs of resilience in November despite the approach of the so-called fiscal cliff. It seems that not as many people have cut back spending as expected with a possible fiscal cliff in 2013 which would raise household taxes.
Matti J

The global economy isn't falling apart. The U.S. might be. - 0 views

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    This article has to do with the U.S. economy not having the same fate as some other countries according to recent data. Countries like Japan and others in Europe all have a struggling economy. The article is stating that part of the reason for U.S. companies not doing so well could be because of a slow global economy.
Matti J

US economy adds 171K jobs; rate rises to 7.9 pct. - 0 views

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    Just because the unemployment rate rose only by 0.1 pct, doesn't mean that America lost jobs. Actually, since more people have started looking for jobs, there are more people unemployed because there are more people who are actually trying to get a job now.
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