The unemployment rates for 16-19 year olds has stayed pretty steadily around 25 percent since the beginning of 2010 until the present and has never been below 24.5 percent. For the age group 20 years or over the unemployment rate averages around 8.5 to 9 percent unemployment. However, there is a higher unemployment rate for men than women throughout 2010 and into 2011 thus far. This shows that jobs where men are more likely to work were most likely hit harder during the recession than jobs that are predominately taken by women. However, the gap seems to be getting smaller as more time goes
went from being a reigning king to being challenged for its throne. Different curveballs were being thrown at the U.S.A such as international countries developing at a quick rate-mainly Japan, China, and India- energy prices spiking, and inflation/unemployment spiking to great highs. In 1973-1974, the first of two major “oil shocks” increased the price of petroleum by almost four times, dramatically raising energy costs for both consumers and businesses. Workers’ demand for wage increase outweighed the rate of productivity growth, driving up unit labor costs for businesses. The annual inflation rate spiked to over 10% in 1974 and again in each of the three years from 1979 to 1981.
Productivity, as measured by the output per hour by the business sector, grew at a lower rate during the Reagan years than the 7 years prior. The growth rate of 1.3% during Reagan’s tenure was .2% higher than the 6 years afterwards, but .3% lower than the years preceding (Niskanen & Moore 1996). Inflation is an increase in the average price level and is not a positive occurrence. When Reagan took office, the REAGAN-SIDE ECONOMICS consumer price index (CPI) was at a high 13.5%, by the end of his terms, the CPI had been decreased to 4.1% (Niskanen & Moore 1996). Those who are critical of Reagan’s policy speak of the explosion of the United States’ budget deficit during the 1980s.
The problem of deficit spending out of a recession is inflation. Inflation means there is more demand or money than there are goods this causes an increase in prices and drives down the worth of the dollar. A five dollar bill is still a five dollar bill even if the five dollars are only worth a five cent piece of bubble gum, just the prices of things will be outrageously high because everyone would be fighting for the scarce
There are many reasons why experts say that the U.S. is actually in a recession right now. A few reasons are that the GDP is slowing, Businesses are expanding more slowly, Employment is falling, and housing prices are down by 10 percent and the stock market crash and subsequent economic downturn in 2000. With this happen it was not a recession in technical terms because the GDP growth was negative in the Q3 2000, Q1 2001, and Q3 2001, not of which were consecutive. But anyone that lived through it knows that it felt like a recession during all that time. In face, the GDP growth did not reach 3 percent or over unit Q3 2003.
It’s very hard for people who is released from jail to improve in life because of the difficultness in finding a job. The levels of poverty thus increase. Also, after release it is more likely for them to face unemployment and more economic problems. The Pew article is stressed on statistics on the economy of former inmates. According to the Pew's Economic Policy group and the Pew Center, on the States shows that after release, former male inmates work nine fewer weeks annually and takes home 40 percent less in annual earnings, making $23,500 instead of $39,100.
Every day more people die in America than are born. Any increases in population since 1972 have been due to immigration.2 The sociological perils we face are not those of population explosion, but population reduction. The Population Research Institute agrees, and concluded, “Our long-term problem is not too many children, but too few children.”3 The legalization of abortion resulted in a drastic reduction of the number of children in this country. By 1980 there were 6.5 million fewer school-age children in America than just a decade earlier. This required the closing of nine-thousand elementary schools.4 Legalized abortion has resulted in over 46 million fewer taxpayers in America to support the elderly.
Now that Americans owe more on student loans than on credit cards, the issue of spiraling student debt has moved increasingly higher on the political agenda. For the first time in history, student loans have topped $1 trillion, and the situation only appears to be getting worse. (“Student Loans”) If managed correctly, student loans can
In the U.S. Bureau of Labor Statistics, from February 2008 to November 2009 the unemployment rate went from a low 4.9% to a high 9.9%. As of November 2012, the unemployment rate went down to 7.7%, which are about 12.2 million individuals. The unemployment rate is still high compared to previous years even with the 2.2% decrease in unemployment. Many Americans have become unemployed during the past few years. When people are unemployed it means that they have less money which in returns means that there is a less of a demand in the economy.
As the government backed up big wage rises consumer prices rose and because since there was a global food shortage it pushed up food prices. Soon after world oil prices doubled and following that inflations rose worldwide and this caused both Australia and the west to plummet into a