Group items tagged

Unemployment is one of the indicators used to look at a country's macro-economy. The low unemployment in Germany leads economists to believe that the economy is recovering, meaning it is going through the "recovery" stage of the business cycle - a positive thing for a country after a global recession.

This article discusses the imminent increase in unemployment as 100,000 public sector jobs are going to be cut. This seems to be "cyclical unemployment" as the job-cuts are due to a recession rather than permanent structural unemployment.

This article describes a decision by the US Federal reserve regarding inflation rates. The article points out that the unemployment rate has declined and inflation has increase, showing the trade-off. They hope, by monetary policy, however, to attempt to both reduce unemployment and achieve a stable rate of inflation.

This article discusses the problems of unemployment around the world - while unemployment is leveling off in the United States, it continues to increase in the Euro Zone, which is suffering from economic problems.

This article talks about how inflation affects the economy and society. It mainly talks about how it affects unemployment. It later goes on to test the theory that (quote) "a short-term rise in unemployment can permanently damage an economy, by making it harder for those laid off to find work even when times recover". The government, however, is tackling the problem.

This article talks about the increasing rate of unemployment across the EU. Although there is a record spike in the last month, unemployment has been rising in every area for a number, and the article discusses likely results and factors leading to this issue.

This article relates to government intervention in the form of increasing the minimum wage in some states. However, this increase was met with an increase in unemployment; which we also looked at. This unemployment is caused by a high price where supply is greater than demand, and the need for workers therefore decreases (increasing unemployment).

Unemployment is a huge issue that is coming from the eurozone economic challenges. There is a negative growth, and increasing unemployment rate. Changing the value of currency, and having difficulties stimulating economic growth are contributing to the problem. The economy is slowing down, which inevitably leads to higher unemployment.

This article describes the current situation in Canada with the unemployment rate rising to over seven percent...this article discusses the actions of the government and the casues of this rate to increase

This article discusses how the euro zone has hit a slump and reached a 15 year high of unemployment levels. the level has risen to 10.8% which is completely detrimental to the economy.

Quote from article :"A large chunk of the industrial world has fallen into deep and long depressions characterised by persistent high unemployment". Basically the article talks about how unemployment impacts the AS and AD of an economy and its domino effects as well.

I found this article particularly interesting because it sheds light on motivations to quit the job search - lack of experience and education, as well as the reliance on (the now changing) federal Extended Benefits program.

This article disscuses the rising rates of unemployment as well as a rising rate of inflation at the same time in the eurozone. This goes to show that sometimes, when you are trying to mend both, both can end up going in the wrong dirrection and causing a very unhealthy economy

This article talks about how the GDP increase fell in the U.S but that does not mean that the economy is doing badly at all. There IS an increase and overall better numbers for most aspects in terms of the goals of macroeconomics but it is just at a slow pace. The economy fluctuates and even though the increase is "pitiful", it would just mean that the economy would most likely only increase more from here on. This is also linked to the rate of unemployment. "Let's face it, the Great American Bread machine is expanding, but at a pretty sorry rate, and not nearly enough to bring the 8.3 percent unemployment rate into 7.0 percent territory." "Yes, gross domestic product is expanding, but the unemployed are still trying to recover. This is why so few wish to call the current uncertainty-plagued growth an expansion."

By Jack Dolan, Los Angeles Times By Jack Dolan, Los Angeles Times A convicted killer who got caught because he'd tattooed a graphic mural of the murder scene on his chest raked in more than $30,000 in unemployment benefits while he sat in the Los Angeles County jail system, a sheriff's spokesman said.

According to the article, there was in increase in the number of applicants filling for jobless benefits literally just last week! It has reached such a drastic level that it is the highest since two months ago.

Brad Delong goes through the changing american economy and showing how the unemployment rate affects the real GDP.

This article concerns the 'simultaneous' rise of the unemployment and inflation rate in the UK. This goes against the Phillips curve; which shows an inverse relationship between the two.

This article talks about Canada's economic growth is better than what the economist anticipated. It reveals the economic growth is desirable for government, along with low unemployment rate. Consumer spending contributes to economic growth, the consumer spending is repressed while oil prices rise so high nowadays. Interest rates is one of the measures government take to control economy.

This article illustrates an important aspect of taxing that we looked at in the past few weeks, and are looking at this week as well. The government increases taxes on inelastic products (such as tobacco and alcohol- which are addictive and therefore necessities). This is done as with a price increase on an inleastic product, the demand decreases by a proportionally smaller amount. This decreases any potential danger for high levels of unemployment on behalf of the company's supplying the products.