The Unemployment Rate Is A Good Start - 989 Words

The unemployment rate has worried the Federal government since the collapse of 2008. The biggest task of any Federal Reserve chairman has been to fix these crises. Over the last seven years the Federal Reserve tried to get the job market on track. Many have said, when the unemployment rate fell to 5.5 percent that this translated to a mission accomplished. I am sorry, but this isn’t a mission accomplished. The unemployment rate right now is a good start, but this is still a great worry for most. Janet Yellen, my advice for you is think outside the box with the unemployment rate. Yes, 5.5 is a perception, but think of all the people that aren’t in the job market. This number will increase greatly because of all the new students coming out of school. Also, try taking into the account about the monetary and fiscal policy and how it will affect the tradeoff between unemployment and inflation. This is a work in progress to help this country grow, we should all stand together as one and help the job market. As I begin to write what will help create jobs for the unemployed I must write about the monetary policy. The monetary policy is an very unique policy that impacts inflation and can create a worldwide demand for goods and services, which would create jobs. As a result, employees who produce goods and services primarily through its influence on the financial demands face troublesome include households and firms. The Federal Reserve also can affect financial conditions byShow MoreRelatedFactors of Unemployment in a Nation1426 Words   |  6 PagesThere are different factors that are responsible for causing the unemployment to rise or to drop. These can be included as some of the causes of unemployment in a country. In this case I am referring to the types of unemployment, that explain some of the most important factors that lead to the unemployment in a nation. When people are unemployed and in the search of new jobs they usually look for the job that better match with them; in other words, the job that best relate with their abilities, knowledgeRead MoreEconomics Is All About The Allocation, Unemployment, Economic Growth And The Value Of The Dollar1487 Words   |  6 Pagesallocation resources and choices individuals, businesses and governments make. Economics decides how much goods and services are bought and sold for, how many people have jobs, how much a currency is worth and much much more. At the moment Australia s economy is healthy and isn t too far below or above other countries.This essay will discuss Australia s economic mechanisms such as inflation, unemployment, economic growth and the value of the dollar. It will then compare them historically to the US, UKRead MoreGeneral Labour Affects On The Gross Domestic Product1223 Words   |  5 PagesCanada may be headed into a recession. The economy contracted 0.6% in the first quarter of 2015. The forecast for the year is 2.0%. The central bank cut interest rates from 1.0% to 0.5%. That may only aggrava te a housing bubble. The government could spend more, but the debt-to-GDP ratio is an already-high 92%. In this paper I am going to be focusing on general labour and how it coincides with Canada’s economy. So far general labour has been helping the Canadian economy grow and become stronger butRead MoreMinimum Wage And Its Effect On The Economy1015 Words   |  5 PagesThe In today’s society, people face to many serious issues which affect the society both in a positive and negative ways such as increasing the employment rate and increasing the unemployment rate. The increasing of unemployment rate is caused by some reasons, and one of the problem that causes the high unemployment rate is the issue of minimum wage. Depending on the states in U.S., the price of minimum wage is different, but the low minimum wage may cause the economic condition worse. MinimumRead MoreThe Phillips Curve and The Quantity Theory of Money1128 Words   |  4 Pagesinflation rate and the unemployment rate. When the unemployment was high, the inflation rate would be low; the inflation rate was high, the unemployment rate would be low. Here we have the statistics data of the inflation rate and unemployment rate from 2007-2011. On the other hand, Phillipss â€Å"curve† also represented the average relationship between unemployment and wage behavior over the business cycle. In the short run, there is a tradeoff between inflation rate and unemployment rate. In thisRead MoreEconomics Of The Federal Reserve System Is The United States Central Bank881 Words   |  4 Pagesknowledge resource that will help you for your debate. Detail below explain the term of economics and have been broken down to further explain each concept and explanation to why these events occur. Good luck on your debate and if you should need any further assistance I am happy to oblige. To start off The Federal Reserve System is the United States central bank. The Federal Reserve System was founded by Congress in 1913 to provide a safer nation for everyone by giving stable monetary and financialRead MoreA General Slowdown In Economic Activity, A Downturn In1664 Words   |  7 PagesA general slowdown in economic activity, a downturn in the business cycle, a reduction in the amount of goods and services produced and sold. All of these listed here, are characteristics of a recession. A recession has a domino effect, where increased unemployment leads to less growth and a drop in consumer spending, directly affecting businesses, which lay off workers due to losses. A recession occurs when there are continuous (two or more) quarters of negative gross domestic product growth (GDP)Read MoreDifferent Types Of Rental Expense1175 Words   |  5 Pagesvalue of property such as street cleaning, low crime rate, highly rated schools, and home improvements. Crime Rate A neighborhoods crime rate can depend on whether a family will risk settling down with their children. High crime rates can include crimes such as robbery and burglary which can put a family in high risk not feeling safe in their neighborhood. Unemployment Rate The unemployment rate is a measure of the prevalence of unemployment and it is calculated as a percentage by dividing the numberRead MoreThe Regulation Of Minimum Wage1055 Words   |  5 PagesMinimum Wage In today’s society, people face to many serious issues which affect the society both in a positive and negative ways such as increasing the employment rate and increasing the unemployment rate. The increasing of the unemployment rate is caused by some reasons, and one of the problems that causes the high unemployment rate is the issue of the minimum wage. Depending on the states in the U.S., the price of minimum wage is different, but the low minimum wage may cause the economic conditionRead MoreNotes On Inflation, Aggregate Demand And Supply1156 Words   |  5 Pagessecured by the list. The yearly rate change in a CPI is utilized as a measure of expansion. Weaknesses of CPI 1. The CIP calculations are based on a single, generic market basket of goods, which is inappropriate as the basket varies from individual to individual. 2. Fails to acknowledge changes or improvements in quality. 3. It doesn t take into account effects of the substitution effect. Due to this, the CPI overstates inflation, when consumers choose to substitute one good for another after its price