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tom takakuwa

Unemployment tipped to rise in May | News.com.au - 0 views

www.news.com.au/...story-e6frfkur-1226384767268

Unemployment

shared by tom takakuwa on 05 Jun 12 - No Cached
  • An AAP survey of 15 economists shows a median expectation for unemployment to rise to 5.1 per cent in May
  • The participation rate, the percentage of people in work or looking
  • for work, is
  • ...12 more annotations...
  • expected to remain unchanged at 65.2 per cent
  • 15,500 to 11.501 million
  • THE unemployment rate is likely to spike in May as wea
  • ing global and economic conditions take their toll
  • on the jobs market.
  • weaken
  • the domestic economy, as well as global market instability
  • we had the mining boom which has now morphed into an investment boom
  • two exceptionally strong months of jobs growth, which just doesn't gel with all the anecdotes we've been hearing about layoff
  • he expected the participation rate to have risen,
  • but this would not have a negative impact on unemployment.
  • "We still think the labor market is quite strong and an unemployment rate of 5.1 per cent is close to the definition of full employment.
Shoko Kuroda

Weak Job Growth in May as Unemployment Rate Ticked Up - NYTimes.com - 0 views

www.nytimes.com/...n-may-jobless-rate-at-8-2.html

shared by Shoko Kuroda on 04 Jun 12 - No Cached
    • Shoko Kuroda
      Shoko Kuroda on 04 Jun 12
       
      This implies structural unemployment, which is the kind when unemployment is caused due to change in structure, such as applying machinery as to human beings. 
    • Shoko Kuroda
      Shoko Kuroda on 04 Jun 12
       
      Another factor for increase in unemployment is caused by cutbacks. This can then be related to the success of the firms. 
    • Shoko Kuroda
      Shoko Kuroda on 04 Jun 12
       
      Structural unemployment can be drawn as a graph. 
  • ...2 more annotations...
    • Shoko Kuroda
      Shoko Kuroda on 04 Jun 12
       
      As well as drawing the season unemployment graph, an explanation as to how seasonal unemployment is caused can be described. The causes of seasonal unemployment needs to be related to the increase in unemployment rate in USA between last Winter and May. 
    • Shoko Kuroda
      Shoko Kuroda on 04 Jun 12
       
      A graph indicating the consequences of decrease in consumer confidence and how it shifts AD to the left can be shown through a graph. Increase in demand for a higher price of unemployment benefits can be drawn on a graph illustrating the impact on GDP. A brief explanation of consumer confidence and the basic components of GDP should be mentioned and explained. 
Nayana Devadas

Business - Bank of England holds key interest rate at 0.50% - 1 views

www.khaleejtimes.com/...inside.asp

shared by Nayana Devadas on 07 Jun 12 - No Cached
    • Nayana Devadas
      Nayana Devadas on 07 Jun 12
       
      Monetary policy
    • Nayana Devadas
      Nayana Devadas on 07 Jun 12
       
      Interest rates- macro economics- monetary policy
  • main interest rate
  • ...2 more annotations...
  • The economy shrank 0.3
    • Nayana Devadas
      Nayana Devadas on 07 Jun 12
       
      Macro
Tomomi Nakamura

BBC News - Australian jobs growth hits eight-year high - 0 views

www.bbc.co.uk/...business-18349692

shared by Tomomi Nakamura on 07 Jun 12 - No Cached
  • Australia's jobs growth has hit an eight-year high after the economy added 38,900 jobs in May, far more than forecast.
    • Tomomi Nakamura
      Tomomi Nakamura on 07 Jun 12
       
      Adding more jobs will help improve the unemployment rate, as there are more jobs available for the people.  This could lead to an economic growth.
  • The data follows better-than-forecast economic growth of 1.3% in the first quarter compared with the previous three months
  • In recent years, Australia's economic boom has been powered by the growing global demand for its natural resources
    • Tomomi Nakamura
      Tomomi Nakamura on 07 Jun 12
       
      Natural resources are scarce resources, so there is always a high demand.  Australia could use those resources to gain money from other countries by selling them.
Aili Saito

Panasonic may halve its 7,000-strong headquarters ‹ Japan Today: Japan News a... - 0 views

www.japantoday.com/...e-its-7000-strong-headquarters

shared by Aili Saito on 08 Jun 12 - No Cached
  • aimed at speeding up decision-making
    • Aili Saito
      Aili Saito on 08 Jun 12
       
      can relate to economies of scale = lack of communication is resolved
  • rival Sony
    • Aili Saito
      Aili Saito on 08 Jun 12
       
      example of substitute good = XED 
    • Aili Saito
      Aili Saito on 08 Jun 12
       
      PED will alter
  • been badly hit by the appreciation of the yen,
    • Aili Saito
      Aili Saito on 08 Jun 12
       
      exports decrease 
  • ...3 more annotations...
  • falling prices
    • Aili Saito
      Aili Saito on 08 Jun 12
       
      movement on the demand function
  • 772.2 billion yen loss
    • Aili Saito
      Aili Saito on 08 Jun 12
       
      loss = bad 
  • halve its 7,000-strong headquarters
    • Aili Saito
      Aili Saito on 08 Jun 12
       
      increase in unemployment
Adam Seldis

German Jobless Rate Hits Low - WSJ.com - 3 views

online.wsj.com/...3552104577437673615792902.html

shared by Adam Seldis on 31 May 12 - No Cached
    • Derek Schwung
      Derek Schwung on 31 May 12
       
      Unemployment rates in Germany at a record low Debt crisis in euro zone not affecting 
  • The seasonally adjusted unemployment rate fell to 6.7%—the lowest since comparable records began in 1998—from 6.8% in April, according to data from the country's labor agency Thursday. Economists had expected the adjusted unemployment rate to remain at 6.8%.
    • Derek Schwung
      Derek Schwung on 31 May 12
       
      Fell by .1% from April to May. Lowest since comparable records begann in 1998 
  • ...9 more annotations...
  • 2.855 million from 2.963 million
    • Derek Schwung
      Derek Schwung on 31 May 12
       
      Figures for a graph 
    • Nich Fabrici
      Nich Fabrici on 01 Jun 12
       
      Maybe a Phillips Curve Analysis would be interesting?
  • Germany's economy grew by 0.5% in the first quarter of 2012
    • Derek Schwung
      Derek Schwung on 31 May 12
       
      Possible cause to decrease in unemployment 
  • Earlier Thursday, Germany's statistics office reported a higher than expected rise in retail sales in April, which economists attributed in part to the robust labor market.
    • Derek Schwung
      Derek Schwung on 31 May 12
       
      Another cause 
  • However, Germany's Bundesbank warned last week that the first-quarter growth figure likely overstates the country's trend pace. Germany's powerful industrial sector will only make "a relatively small contribution" to growth given the still falling demand from the euro zone, the central bank said. However, a significant growth contribution could come both from construction and consumption, it added.
    • Derek Schwung
      Derek Schwung on 31 May 12
       
      Hint at what will happen in the following year
    • Adam Seldis
      Adam Seldis on 01 Jun 12
       
      Look at it from AD/AS diagram perspective. What might also be the consequences?
Fuyuka Nakamura

BBC News - Thailand exports fall in April as global demand slows - 5 views

www.bbc.co.uk/...business-18203209

shared by Fuyuka Nakamura on 07 Jun 12 - No Cached
  • Thailand exports fall in April as global demand slows
    • Fuyuka Nakamura
      Fuyuka Nakamura on 07 Jun 12
       
      Article 2: Demand and Supply
  • falling demand
    • Fuyuka Nakamura
      Fuyuka Nakamura on 07 Jun 12
       
      There was a fall in demand of goods/services from Thailand, as demand from their main exporters (US/Europe) decreased.
  • exports
    • Fuyuka Nakamura
      Fuyuka Nakamura on 07 Jun 12
       
      One of the components of AD. Therefore, it will affect the Country's GDP as well.
  • ...9 more annotations...
  • Manufacturing and export sector are key contributors to Thailand's economic growth
    • Fuyuka Nakamura
      Fuyuka Nakamura on 07 Jun 12
       
      This explains that exports is a key component in the country's GDP. A decrease in export will affect the country's GDP heavily. (GDP decreases)
  • eurozone debt crisis
  • eurozone's ongoing problems will continue to drag
    • Fuyuka Nakamura
      Fuyuka Nakamura on 07 Jun 12
       
      Meaning demand will keep on decreasing in Europe/USA, decreasing the exports from Thailand even more.
  • foreign sales accounting for more than half of Thailand's gross domestic product
    • Fuyuka Nakamura
      Fuyuka Nakamura on 07 Jun 12
       
      Represent how exports are more important than consumption/any other factors in determining GDP in Thailand.
  • on Thai
    • Fuyuka Nakamura
      Fuyuka Nakamura on 07 Jun 12
       
      Graph: D shifts down. QD and QP decreases for particular manufactured good. Graph 2: AD shifts down, shrinking the economy.
  • Excessive flooding last last year caused damage to factories and businesses, hurting production
    • Fuyuka Nakamura
      Fuyuka Nakamura on 07 Jun 12
       
      Another reason to why their economic growth is slumping. This will result from a shift in the supply curve.
  • economic problems
  • boosting domestic consumption
    • Fuyuka Nakamura
      Fuyuka Nakamura on 07 Jun 12
       
      A key component in AD/ GDP. By increasing consumption, AD and GDP will increase, boosting the economic growth.
    • Fuyuka Nakamura
      Fuyuka Nakamura on 07 Jun 12
       
      Graph: Rise in AD, real GDP increase.
  • Thailand
    • Fuyuka Nakamura
      Fuyuka Nakamura on 08 Jun 12
       
      Will this Article count as Macro?
Zhoushu Ziporyn

8 States to Raise Minimum Wage - NYTimes.com - 1 views

www.nytimes.com/...tes-to-raise-minimum-wage.html

shared by Zhoushu Ziporyn on 07 Jun 12 - No Cached
    • Zhoushu Ziporyn
      Zhoushu Ziporyn on 07 Jun 12
       
      wages go up, but supply of labor does not change. This causes an excess supply of labor-- unemployment.
    • Zhoushu Ziporyn
      Zhoushu Ziporyn on 07 Jun 12
       
      wages go up, but supply of labor does not change. This causes an excess supply of labor-- unemployment.
    • Zhoushu Ziporyn
      Zhoushu Ziporyn on 07 Jun 12
       
      although more money would be payed, it would not be enough to support the poor and total unemployment will increase since there is a gap between the equilibrium point with the higher wage price level and the equilibrium with the demand curve.
  • Zhoushu Ziporyn on 07 Jun 12
     
    "The minimum wage increases in Arizona, Colorado, Florida, Montana, Ohio, Oregon, Vermont and Washington will be 28 cents to 37 cents an hour, according to the National Employment Law Project." minimum wage, the minimum price for labor, has gone up in 8 states
Aili Saito

BBC News - UK economy in double-dip recession - 1 views

www.bbc.co.uk/...business-17836624

shared by Aili Saito on 07 Jun 12 - No Cached
  • double-dip recession
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      can be represented by a AD/AS graph (shift left in AD) -> leads to recession
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      UK was once in recession and they returned back into recession soon after
  • construction output
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      the demand of construction decreased and the AD decreases (shifts to the left)
  • economic output was slightly smaller now
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      again, there was a decrease in AD
  • ...6 more annotations...
  • everything we can" to generate growth
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      this could be monetary/fiscal policies
  • production industries decreased by 0.4%, construction decreased by 3%
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      both examples of why AD has decreased that lead to recession
  • government spending
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      a fall in government spending = leads to a fall in AD (AD=C+I+G+(X-M))
  • 25% in public sector housing and 24% in public non-housing and with a further 10% cuts to both anticipated for 2013
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      the decrease in government spending has surpassed the anticipated increase in other factors of AD
  • guarded optimism
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      there seems to already be business/consumer confidence
  • little more aggressive in terms of recruitment and investment.
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      the government wants to increase business confidence 
Tomomi Nakamura

Greek G.D.P. Fell 6.2 Percent in 2nd Quarter - NYTimes.com - 0 views

www.nytimes.com/...amatically-in-2nd-quarter.html

shared by Tomomi Nakamura on 28 Sep 12 - No Cached
  • The nation’s gross domestic product slid 6.2 percent in the second quarter from a year earlier
  • unemployment rate in May reaching a record 23.1 percent
  • Antonis Samaras, the conservative prime minister of Greece, is seeking to deliver further austerity measures to free up more of the rescue funds provided by the so-called troika — the International Monetary Fund, European Union and European Central Bank — as part of a 130 billion euro ($160 billion) loan program
  • ...3 more annotations...
  • But many economists were skeptical that the heavily indebted Greek state can cut its way out of crippling recession.
  • in 2013, from 9.3 percent in 2011.
  • Officials in Athens agreed in March to cut the general government deficit to 7.3 percent of G.D.P. this year and to 4.6 percent
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