Recession

unemployed people in the labour force who are seeking a job. • Unemployment rate.  • Creation of part time jobs to recover for the losses of full time positions.  • Flat and steady growth of the economy  • More unemployment due to the Canadian recession in the oil and sand industries  • Gain of jobs in August comparison to July. 1 Section1_StephanieMurcia_Unemployment.docx The graph below shows that there have not been any dramatic changes from July to August of 2016. Source…

in government spending in 2010 in which biggest cuts will be borne by local government. As we know, budget cut is the act of reducing budgeted expenditure, so Essex county council carried out a lot of policies to stimulate economy to recover from recession in the past 5 years. In this essay, I will reveal spending cut in Essex through three examples of government budget cuts. In the end, I will explain why government cut down budget and analysis the advantages and disadvantages about this…

The 2009 recession was the most severe since the 1930’s Great Depression. The 2009 recession was preceded by a banking crisis and there hadn’t been something similar since the 1930s. Economist have researched recessions and they have discovered that recessions involving a financial crisis tend to be longer and the 2009 recession was longer than other recessions in modern times. Researchers have also noted that financial crises effect the household and firm spending making the recession worse…

The Great Recession of 2008 began during December 2007 and lasted until 2009 transforming economic growth into contraction in many…

reducing unemployment are demand side policies and supply side policies. Demand side policies reduce demand-deficient unemployment, unemployment caused by a recession. On the other hand, supply side policies reduce structural unemployment, the natural rate of unemployment. (Pettinger, 2011) Demand side policies are significant when a recession occurs and there is a growth in cyclical unemployment. John Neville argues that in the golden age, fiscal policy was an important expansionary instrument…

5 most important economic variables (1) GDP (2) Interest rate (3) Personal income and consumption (4) Debt (5) Inflation 【GDP】The gross domestic product (GDP) is one of the most important indicators to evaluate the condition of a country 's economy. It represents the total dollar value of all goods and services produced over a specific time period; thus the size GDP would also indicate the size of the economy of the country. Normally, GDP is used to compare with the previous quarter or year’s…

social conditions, the biggest problem confronts by Puerto Rico is the trafficking of drug given the advantage of been a trampoline for US drug dealer that have cargos coming from Colombia and Venezuela. However, the fact that there is an economic recession, a high rate of unemployment, poverty level at an astronomical rate and the police corruption can’t be ignore as affecting the homicide rate. But let’s take a look at each of these historical, cultural, and social conditions contributing to…

As McGregor (2011) affirms consumer themselves have suffered a transformation since the recent global recession started. In a global perspective, they are currently experiencing financial difficulties. Whatever economic situation changes consumer’s perception of risk affecting the consumption patterns (Mansoor and Jalal, 2011). Consumer self-confidence is…

the beginning of 2014, oil was trading well above $100 per barrel. In January 2016 US Oil was trading at 26 dollars a barrel. Historically major oil price declines are driven by central bank policy errors that led to global economic recessions. During an economic recession, the world activity reduces causing the oil demand to reduce. The current oil price decline is not a cause of a decline in oil demand instead it is driven by an increase in supply. Due to the fracking technology oil…

The year 2008 was hallmarked by a main financial-crisis particularly in United States. The recession witnessed therefrom was the highest since the 2nd world war. This had consequential effect since this financial crisis in U.S spread to other countries which led to detrimental impact to other countries economic system. A detailed analysis showcase that the financial crisis actually commenced in the year 2006, particularly, when the subprime-market for mortgage in United States commenced to…