Current Events “Unemployment”
In a recent article posted by USA Today author, Paul Davidson, he states that the applications for unemployment aid have reached its lowest in a staggering 42 years. This shows that the job market is becoming stronger and unemployment rates are now comparable to 1973, when President Nixon was in control in the White House. The economic theory being tested is that if the American job market is as strong as before. This is proven to be true since the unemployment rate has dropped back to America before the massive economic crisis occurred. The problem at hand was that people were not sure whether or not the economy will ever rebound back to a stable state instead of the volatility that people have been accustomed
In a recent article posted by USA Today author, Paul Davidson, he states that the applications for unemployment aid have reached its lowest in a staggering 42 years. This shows that the job market is becoming stronger and unemployment rates are now comparable to 1973, when President Nixon was in control in the White House. The economic theory being tested is that if the American job market is as strong as before. This is proven to be true since the unemployment rate has dropped back to America before the massive economic crisis occurred. The problem at hand was that people were not sure whether or not the economy will ever rebound back to a stable state instead of the volatility that people have been accustomed