Macro Paper How unemployment rate 2010 - 1533 Words

RUNNING HEADER: HOW UNEMPLOYMENT RATE AFFECT COUNTRIES How the Unemployment Rate Affects a Countries Economy In 2010 Abstract This paper is about how the high unemployment rate has an affect on the economy. The high unemployment rate had an affect on the Gross Domestic Production as well how it had an affect on the economy as well. This paper covers when the Gross Domestic Production went up the unemployment rate had gone down as well. The high unemployment rate also had direct ties to the economy, because if people are not working they are not going to spend money on house hold goods which is what drives the economy. How the Unemployment Rate Affects a Countries Economy†¦show more content†¦One way of insuring that companies do not outsource could be to give them some type of tax incentive. When jobs are not created its hard for people to find work. People that are looking to work full time are now forced to work part time jobs just to make an income. Working part time has increased which was measured by the Labor of Department. The average work hours are has gone down to 34.5 hours. With all way that jobs are headed wages have also gone down as well. Wages are significantly lower since the recession has started as well. Many corporations have had to cut wages since they are not making as much money, because they’ve had to slash prices on their goods. Since companies have had to slash prices it taken a great affect on employees. In order for employees to keep their jobs they’ve had to take pay cuts in order to keep to keep their jobs and not get laid off. With high unemployment the growth of household incomes are being constraint with wages going down. If unemployment stays high it’s going to prevent house hold income from growing and is go ing to also prevent little household consumption. With little consumption going on that means those households are responding by saving their money rather than by spending it on goods that they might not necessarily need. This is where supply and demand comes inShow MoreRelatedMacro Forces And The Foreclosure Crisis1008 Words   |  5 PagesMacro forces affect families in many different ways. Macro forces can affect families’ housing, incomes, businesses, and jobs. Most important, macro forces affect families’ relationships. For example, marriages are destroyed, children are devastated, and friends/families are torn. Because of these macro forces, many families suffered a great deal of losses. In this paper, I will describe some of the few macro forces that families face by discussing the foreclosure in housing, economic crisis, downwardRead MoreUnemployment Trends around the World1521 Words   |  6 PagesReference Business Economics. Rob Dransfield, 2014, Routledge: London Office for national statistics. Release: regional labour market statistic, 19 march 2014 Structural unemployment in Western Europe: reasons and remedies. Edited by martin Werding. 2006. Massachusetts institute of technology. Unemployment in Europe: Problems and Policies. VALERIE SYMES, 1995, Routledge: London Youth studies, An Introduction. By Andy Foulong, 2013, Routledge: London References Crisis in Australia which way out. EditedRead MoreAggregate Demand and Supply Model - Economic Advisement Essay1647 Words   |  7 Pagesthe world. A person must have lived in a cave underground for the past several years to not know that the current state of the nation’s economy is in desperate need of improvement. Many academic institutions have thought about how the economy arrived at its current state and how can it be restored. Some would advocate not using the same economic policies that created the current conditions of the economy. Their philosophy is that if we stay the current course the economy would somehow miraculously recoverRead MoreEconomic Growth And Inequality Of Opportunity1672 Words   |  7 Pagesaround the issue of growing inequality and specifically inequality of opportunity has come to the fore in recent years driven by violent public action witnessed in the spring of 2011. A little southern town in Tunisia known as Sidi Bouzoid in December 2010 took global centre stage in the push for economic emancipation. Mohamed Bouazizi, a fruit vendor vented his frustration with the local corrupt municipality by setting himself ablaze which inadvertently sparked a series of protests across the Arab worldRead MoreThe Positive Impact Of Consumption On China s Economy1514 Words   |  7 PagesConsumption on China’s Economy Diane Boccara Palm Beach State College ECO2013 Warren Smith 11/11/14 Abstract This paper first gives a brief overview of the country of China and its economical background. Then, it focuses on consumption as a market determinant of China’s recent change in economic growth. The paper analyzes the impacts of consumption and how it influences macro outcomes by comparing statistics and linking them to an increase in consumption. â€Æ' The Positive ImpactRead MoreFinance Is Based On Economics841 Words   |  4 Pagesthroughout the 20th century, diverting into several macroeconomic schools of thought known as Keynesian economics, often referred to as Keynesian theory or Keynesianism. However, in this paper, we will discuss what macroeconomics is, variables that make a healthy economy, the goals of macroeconomic policy and how the goals might conflict, the differences between fiscal policy and monetary policy, and other types of policies. According to Webster’s dictionary Macroeconomics is defined as a study ofRead MoreDifference Between Micro And Macro Economics895 Words   |  4 Pages1. What is the difference between micro and macro economics? Give an example of a microeconomic phenomenon and an example of a macroeconomic one. If you look at the definition of the word micro, some words that come to mind are small and extremely tiny. Therefore, we can look at microeconomics as dealing with small quantities of the whole or specifics. At this end, microeconomics deals with things at an individual level and studies issues such as consumer behavior, individual labor market and supplyRead MoreFinding Results And Discussion Of Spss2262 Words   |  10 Pagesfactors selected. Only Unemployment growth rate shows significant negative relevance. ROA is only significantly affected by two factors Size and RD. This result demonstrated that EPS is the profitability that most easily affected by the market and environment. Based on Table 4.2.2, Size is found to be the factors that has the most influence on EPS, which suggests Size is the prior determinant for EPS. On the contrary, Sales growth to be the profitability that is least affected by macro-economic environmentRead MoreThe Micro And Macro Factors Affecting The Com pany2254 Words   |  10 Pages Rachelle Ahmad Talaye Attaran Alexander Mori Laurence Zweegers SAMSUNG Introduction and Background of the Company This paper is about the micro and macro factors affecting the chosen company with particular focus on Political, Environmental, Social, and Technological (PEST) analysis. Samsung is one of the world largest companies that mainly focus on electronic products to their worldwide clients. The company was founded as a minor business in 1938, before advancing and expandingRead MoreUK Monetary and Fiscal Policies Essay1738 Words   |  7 Pagesand stimulate economic growth. This essay will look at how effective the fiscal and monetary policies used since the crisis are in achieving the four-macro economic objectives. In addition, I will provide my input on the best way the UK government can carry out these policies. Monetary policy affects the aggregate demand by altering the supply or cost of money. One of which is the alteration of the rate of interest. By reducing the interest rate, it encourages consumers and businesses to borrow and