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camiellalouisa sehidou

Economy Adds 142,000 Jobs; Unemployment Steady At 5.1 Percent - 0 views

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    Economists had predicted that the US would add thousands of jobs t the economy but only 142,000 were adding falling a bit short the unemployment rate start 5.1%. Businesses are continuously adding new jobs but at a cautious pace. However .labour rate participation has gone down which is bad but so has part time workers except this one is a good sign because it means more people are finding full time jobs. Sectors like healthcare, information, retail, and businesses have received a growth and are now creating more available jobs. Mining however has gone down ( this could be structural unemployment).
kohlig

Foreign unemployment fall cuts jobless rat - 0 views

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    Foreign unemployment fall cuts jobless rate Published on: 10 Apr 2015 09:23 CET Facebook Twitter Google+ reddit Switzerland's official jobless rate fell in March to 3.4 percent from 3.5 percent in the previous month, driven by a drop in foreign unemployment, according to government figures released on Friday. The decline marks the first time since June 2014 that the rate has fallen in a further indication that the Swiss economy is so far weathering the rise in the value of the franc, which forecasters have said will cut growth this year. The percentage of foreigners registered as out of work tumbled to 6.7 percent from seven percent, while the rate for Swiss citizens remained unchanged at 2.3 percent, the State Secretariat for Economic Affairs (Seco) said in its monthly report. The number of unemployed registered in regional job placement offices in March dipped by 4,813 from the previous month to 145,108, Seco said. But the jobless rate last month remained above the 3.3 percent level in March 2014. The rate declined or remained the same in all 26 cantons with the canton of Valais recording the biggest fall, from to 4.6 percent from 5.4 percent. Neuchâtel registered the highest rate (5.7 percent, down from 5.8 percent), just ahead of Geneva (5.6 percent, unchanged). Obwalden had the lowest rate at one percent, down from 1.1 percent. Unemployment in Zurich, Switzerland's largest job market, remained unchanged at 3.6 percent. The impact of the strong franc may not have yet affected the Swiss job market but observers believe that unless the currency weakens, jobs cuts can be expected. In January, the Swiss National Bank abandoned a policy of maintaining a euro floor of 1.20 francs and foreign exchange traders immediately bid up the value of the franc. On Friday, with uncertainty about Greece's finances lingering, the euro was trading at around 1.04 francs, making life difficult for Swiss exporters selling products into the eurozone, the biggest ma
svikene

The financial sector jobs boom is spreading across the UK | City A.M. - 0 views

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    This article illustrates two economic terms, the business cycle and consumer confidence. The UK economy is currently going through a boom phase, suggesting inflation is rising. This may seem good now, but higher inflation causes less competitiveness for exports, which will lead to a recession phase. It's the business cycle. The article also describes how job opportunities went up, which is likely to cause consumers to consume more, because they are expected to get a raise or promotion soon. This adds to the boom even further. Knowledge of this makes it easier to make economic decisions and explaining why events take place like they do.
erinmoran

Unemployment rate falls to 5.1 percent, but Americans are not finding pay increases - 0 views

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    In the United States, many Americans are finding new jobs. However, most employers are not willing to provide significant pay increases. Recent data, reals that unemployment currently is at a 7 year low but the pace of job growth is slowing. This provides conflicting signals about the country's economic momentum. The unemployment rate has fallen to 5.1%. With such a low rate companies should be competing for workers. However, was have remained flat. Workers are seeing new buying power because prices have been slow to rise and consumer prices have held steady this year partially due to falling commodity prices. Job growth and inflation are linked. As more people get jobs and receive raises, prices increase. At some point, as the labor market tightens, it provides upward pressure on wages and inflation but how long it will take US economy is to that point is still being debated.
camiellalouisa sehidou

Aggregate Demand Up, Jobs Down: How Could That Be? - Civitas Review - 1 views

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    From this week's reading we learned that aggregate demands boost jobs because produce will need to be increased in order to meet these demands, however this article shows that aggregate demand is high yet job rate is low, so it could maybe be used to battle the accuracy of the Keynesian model economics. One of the reason why they feel aggregate demand is not a good indicator because it doesn't include even the smallest industries like those that make pencils.
elvisv

US adds 321,000 jobs in November - 0 views

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    The article mentions of the increase in jobs being add in November and during the holidays, which will lead to a drop in unemployment thus an increase in real GDP. However the jobs are only seasonal and there has also been a drop in the deficit.
jonathanwiseman

Raising minimum wage would cost a million people their jobs - 0 views

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    This article, published in the New York Post on November 15, 2015, describes the ongoing debate in the United States about raising the minimum wage. Some believe that a raise in the minimum wage would result in greater aggregate demand, as consumers would have more money to spend. However, this article argues that raising the minimum wage would result in a loss of jobs, hurting production and overall consumption.
kohlig

Africa's economic growth failing to stimulate development and jobs - 0 views

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    Economic growth in Africa is expected to accelerate to 4.7% this year and 5% in 2015, but the advance is failing to translate into job creation and the broad-based development needed to reduce high poverty and rising inequality rates in many countries, the UN has said.
camiellalouisa sehidou

The Best Way to Boost GDP: Education? - 2 views

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    GDP growth starts here. I chose this article because of one of the TOK questions we had this week it brings up education. Well this article talks about how education can lead to economic growth in many different ways. It doesn't just build up one sector it affects multiple, an interview has shown that people will need more than a high school education if they want to find a suitable job. If education standards increase so do income, technology , jobs all leading to an economic growth and I feel that this is actually even better because since it creates new things there is not chance of people losing jobs so employment is not at risk and as for inflation it will increase in the short run but level off.This research was done by Wössmann.
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    Overwhelmingly, more economically developed nations are states with a well-educated workforce. There is a clear and strong correlation between the educational attainment of a nation's workforce and economic productivity. Nations can build a strong foundation for economic success and shared prosperity by investing in education. Nations can increase the strength of their economies and their ability to grow and attract high-wage employers by investing in education and increasing the number of well-educated workers by improving the literacy rate. Investing in education is also good for the long run, since employees with higher incomes contribute more through taxes over the course of their lifetimes. Hence it can be concluded that investing in education , will definitely boost GDP maybe not in the short run but indefinitely in the long run.
kishanp16

Columbia Asia Launches $150M Expansion of its India and Southeast Asia Hospital Network - 0 views

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    Sep 9, 2014 17:14 UTC SEATTLE--(Business Wire)--A Seattle-based firm that steadily created one of the largest hospital systems in Southeast Asia and India today announced plans to invest another $150 million to expand its network to 34 hospitals and one clinic by 2018.
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    This article relate to our topic of supply and demand because a firm is investing many to create hospitals close to where people live and work. This is important because since many people living in one area does not have transportation, they have a high demand for close by hospitals. The resources (investments) were allocated accordingly to achieve its aim.
elvisv

New York Fed: Long-Term Unemployed Still Count - US News - 0 views

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    The article discusses the differences between the rates of long-term unemployed, short-term unemployed, and nonparticipants who do and don't want a job, as well as discussing issues related to "slack" and this is affecting the overall economy.
Saahil Sharma

Young people were hit worst by the great recession - 3 views

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    The rate of unemployment in the UK for the people of ages 35 to 49, who are considered as the older group of workers, was only 4.7%. Compared to them, the jobless rate of the people aging 18 to 24 years was around 18%. The rate of unemployment in these young people increased almost 30% between the first quarter of 2008 and the fourth quarter of 2011. According to ONS, "The burden of higher unemployment has therefore fallen most heavily on younger workers". The most significant cause of the significant rise in the rate of unemployment among all workers, especially targeting the youth age who are just out in the work force to find jobs, is the recent economic crisis.
Aakilah Brown

5 reasons why the post-crisis economic cycle is ending - 0 views

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    This article discusses the financial recovery in America. The GDP growth is America has been well it and the job gains are more than what was expected. It also discusses Conor Sen at New Rivers Investments views on the economic cycle after the recent economic crisis in the country. To Sen even though the economy is improving but the economy that we are used will probably changes.
atembeshu fonge

Employment down, productivity up? - 0 views

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    The article discusses the increase in the minimum wage and its effects on employment as the government struggles with the rise of inequality over the previous years. David Neumark an economist at university of california argues in his paper that a high minimum wage wage may not be effective in tacking poverty. Other impacts on the increase in minimum wage is higher productivity on the other hand labor is so cheap that there is less incentive to increase the wages. Higher minimum wages could boost the economy and if employers focused on high-skilled workers in the short term, that could boost productivity and the economy in the long term, eventually providing jobs for the low skilled.
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