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anonymous

Inflation Is Miserable. Unemployment Is Worse. - 0 views

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    This article highlights the complex relationship between inflation and unemployment by pointing out the effect that each has on the well-being of individuals. A recent study showed that a whole 4 percent increase in inflation leads to the same amount of unhappiness as an only one percent increase in unemployment. Inflation and unemployment have always been considered inverses, in other words as one increases the other decreases. However the author of the article points out that the goal of central banks should be to keep unemployment as low as possible, instead of inflation, because of its widespread "misery" effect.
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    Although inflation makes people unhappy, it turns out that unemployment makes people unhappier. The country's "misery index" is extremely high.
Mathias S

After Six Months Unemployment Turns Into Permanent Unemployment - Forbes - 0 views

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    This article is interesting as it reveals some extremely negative aspects of not having the motivation to find a new job due to strong unemployment benefits. This is interesting because it mixes economics with the behavior of humans, making for an interesting explanation.
anonymous

Federal sequestration cutbacks to lower unemployment benefits for 45,000 in Massachusetts - 0 views

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    Unemployment benefits will fall by 13% for those "who have been unemployed for at least six months." This cut on unemployment benefits will affect 45,000 Massachusetts residents and 2 million people nationwide.
Nehir D

The unemployment puzzle - 0 views

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    The article is a really interesting article that explains an interesting fact about how the employment level change in developing and developed nations. It is interesting that in developed nations the unemployment level is more than developing nations. It should be the opposite because developed nations are developed in every way but developing countries are not fully developed yet they still have a lot of improvements they have to achieve as a country politically and especially economically. The average unemployment rate in OECD countries was 6.7%. During the nineties, the average unemployment rate was 7.7% in UK, 9.3% in Canada, 11.7% in Finland and 11.3% in Ireland.The countries such as UK, Finland and Ireland has lower employment rates when you compare with India which was 6-7%. But if developing countries have close to full employment why do they have greater economic misery and lower GDPs you may ask? The answer to this puzzle of full employment, yet low GDP and greater economic misery, is not quite straightforward. In developing countries is that most of them have few programmes to provide relief to the unemployed. the people in developing countries do not have the luxury to remain unemployed.They take whatever jobs they get. Most European countries are welfare states with generous unemployment insurance programmes. During recession, many people in European countries do not find it worthwhile to work at minimum wage. They accept jobs that pay less or they accept jobs in the informal market, with lower or no benefits and little protection.
Xinmian H

Czech Inflation Stays Below Target Amid Currency-Sales Debate - 0 views

  • The Czech inflation rate remained below the central bank’s target for a fourth month in April,
  • Consumer sentiment remains poor as a result of rising unemployment, declining real incomes
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    This article reveals that as the cost of remaining Czech inflation rate in a low range, the consumer demand is weak and unemployment rise up. This article proved the trade-off relationship between inflation and unemployment.
Adil R

The U.S. Long-Term Unemployment Crisis Stumps Economists - Businessweek - 0 views

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    This article is a very recent article, published on the 7th of Feb, and is actually written by Peter Coy, one of the people introduced to us in the "Help Wanted" task. this article in short talks about how people are unemployed and argues the incentive for people to work with the increased unemployment benefits. Furthermore it brings up an interesting point of how they experimented and found out that anybody who has been unemployed for over 6months is likely not to find a job.
Xinmian H

Hiring slows severely in March, but don't panic yet - Apr. 5, 2013 - 1 views

  • Hiring slowed sharply in March
  • 88,000 jobs,
  • The unemployment rate slipped to 7.6%,
  • ...3 more annotations...
  • Economists surveyed by CNNMoney were expecting an increase of 190,000 jobs.
  • Experts had expected the jobless rate to remain at 7.7%. But the decline is not good news:
  • It's because nearly 500,000 people dropped out of the labor market.
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    In March US only created 88,000 jobs, the lowest monthly gain since June. Economists were expecting an increase of 190,000 jobs. However, the unemployment slipped to 7.6%, which is below the expected 7.7%. That decline was not a good news because 7.6% is the result of 500l000 people dropped out of the labor. They still don't have jobs, but they are not considered as unemployed.
Landon F

Unemployment benefits should encourage geographic mobility - The Washington Post - 0 views

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    This article talks about how geographic mobility in America helps increase prosperity and how unemployment benefits encourage mobility. 
Elnara H

US unemployment - 0 views

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    This article talks about the unemployment rate in US, the changes which happened since the time when the George W. Bush and Barack Obama were the leaders of the country till today. The unemployment level was extremely increasing from 2008 till 2010 and in the article you'll find what type of restrictions were taken to bring everything to an optimal level.
Landon F

Study: Fighting Inflation Rather Than Unemployment Massively Increases Human Misery | T... - 0 views

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    This article talks about how people are more hurt by unemployment than by inflation. 
Christopher P

Falling inflation and high unemployment puts pressure on European Central Bank to cut r... - 0 views

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    This article discusses the common trade-off between unemployment and inflation. In Europe, the Central Bank is expected to lower interest rates, a monetary policy strategy, in order to aid with the current issue of low inflation and high unemployment. Decreasing interest rates has the general effect of increasing Aggregate Demand in an economy, and according to the relationship between these two aspects of macroeconomics this increase is likely to increase inflation while also reduce unemployment as real output increases.
Deepak B

Egypt Unemployment rate - 0 views

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    This article talks about: Egypt's unemployment rate for 2012 grew to 12.7 percent, mainly due to the "circumstances that followed the January 25 Revolution," the country's official statistics agency, CAPMAS,(Central Agency for Public Mobilization and Statistics).
anonymous

Euro unemployment - 0 views

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    This relatively short article is more of a quick overview of the European unemployment situation. We all know about Greece's economic crisis, well this graph allows you to see how truly wide spread this economic disaster has had on europe and other countries. I also recommend looking up a video or two on the subject as this crisis has had a wider spread than most people believe. But sticking to the article, it is very interesting to see how diverse the different rates of unemployment are in the EU.
anonymous

Yellen: Fed Should Focus On Jobs, Even If Inflation Edges Past Target - 1 views

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    This article from the Huffington Post is talking about the dilemma between dealing with the "slightly high" inflation rate in the united states or the higher unemployment rate. This article suggests that instead of dealing with the inflation they should put more focus on the unemployment rate because in the long run the government will benefit from it more. Really interesting article i recommend all of you to read it.
Adil R

Obama Needs to Learn "Opportunity Cost" - 1 views

    • Adil R
       
      This article asses Obama's stimulus plan. It talks off how congress passed the ARRA stimulus package which injected $787billion into the government sector. Obama stated that this package wouldnt allow the unemployment rate to pass 8% however it reached 10%. Obama said that the depth of the recession couldnt be foreseen however there were many people who predicted it.
  • that unemployment with his bailout would likely reach 10 percent.
  • he also doesn’t understand basic economic concepts such as “opportunity cost.
  • ...38 more annotations...
  • experts promised that unemployment rates wouldn’t pass eight percent
  • creates money out of thin air via the Federal Reserve
  • as the cost paid when something is given up to get something else.
  • The federal government can’t spend money on “stimulus” projects without siphoning the money out of the economy as a whole
  • resulting inflation of the money supply dimishes the purchasing power
    • Adil R
       
      The article then goes on by stating Obama does not know the concept of opportunity cost. $787billion was taken out of the federal reserve to pay for federal programs resulting into the weakening of the current dollar value and inflation. This had an impact on everyone, nearly $7000 per household. Government jobs do not make a salary and therefore do not stimulate the economy. This can also lead to an increase in taxes whilst still barely benefiting the community. Opportunity cost kicks in here as the obama administration thought that this was the next big thing as apposed to injecting it to private sector. The article too talks about how private businesses contribute to the economy even if the company is failing as it still receives services and eventually the more efficient company will take over. Moreover they can make profits and they can better the economy by hiring or purchasing consumer goods.
  • taxpayers would likely spend or invest nearly all of that money taken from them
  • dollars with more valu
  • nvest more in their company, or pay higher dividends to investors
  • save the money and invest it in business growth
  • more consumer goods
  • $7,000 per household
  • defined
  • teachers, police officers,
  • irefighters on state
  • payrolls doesn’t stimulate the national economy
  • hurts
  • Government jobs
  • do not make a profit
  • Governments
  • hire employees and build overpriced buildings and roads
  • money is gone.
  • putting more funds into the hands of government is not efficient
  • reinvest those profits in the manufacture of new goods, jobs, and more efficient factories.
  • businesses employ people for a profit
  • replaced with more efficient businesses
  • allowed
  • to fail
  • government entities subsidize inefficient private corporations
  • allowed to fail
  • hey should
  • free market inefficient businesses
  • inefficient governments
  • never happens
  • government jobs require constant transfusions of taxes
  • static number of people employed
  • private sector is the only area of the economy that can lead to self-sustaining job growth and economic recovery
  • He should know that opportunity costs under ARRA demonstrate that the “stimulus” bill tipped the unemployment figures higher and worsened the economic recession.
Adil R

Mark Carney abandons Thatcher-era supply-side policy - 1 views

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    This is a fairly recent article that talks about supply side policies implemented by the new head of the "Bank of England", Mark Carney. The article mainly discusses their new strides to reach unemployment rates, which heavily involves controlling inflation and interest rates. It is interesting how it talks about how Keynesian supply side policies were not effective post war era because they let inflation spiral out of control. The author believes in Mark Carney's aggressive take on the issue as it plans to control inflation, unemployment and has a contingency plan.
Paul J

Aggregate Demand Up, Jobs Down - 0 views

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    This is a great article because it discusses how aggregate demand relates to other barometers of economic health when it comes to a nation, such as the unemployment rate. 
anonymous

McDonald's latest earnings show why inflation isn't the problem in the economy right now - 0 views

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    This article suggests that policymakers should worry more about restoring economic growth and lowering the unemployment rate before worrying about inflation. It says that there will be no inflation "as long as growth remains depressed and unemployment high."
anonymous

Low unemployment in Europe is causing the unemployed to question their leaders - 1 views

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    As a result of constant low unemployment, people in France, Spain, etc. are beginning to question their political leaders. Their leaders happen to be millionaires which is also causing some political unrest.
Tony L

Attempt to Fix Unemployment - 0 views

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    There will be an Indian Labour Conference on May 18. This debate and meeting will discuss ways to decrease unemployment. They are planning on trying to provide pension and other benefits to all workers. They are hoping that this will be successful in trying to convince people to try to look for jobs.
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