I would like to research on real estate market around the US and find out what%26#039;s good out there, evaluate the area. Is there a web site anyone can point me to?
Where do I get demographic info (eg unemployment rate, crime rate, population mix) of a US cities on the web?exchange rate
www.census.gov
Where do I get demographic info (eg unemployment rate, crime rate, population mix) of a US cities on the web? loan
http://www.realestateformnm.com/Specific...
The monthly rates from Jan to Dec 2006 are:
4.7, 4.8, 4.7, 4.7, 4.6, 4.6, 4.8, 4.7, 4.6, 4.4, 4.5, 4.5
YOu can get historical data for a lot of employment data here
http://data.bls.gov/cgi-bin/surveymost?l...
What was the 2006 national unemployment rate?credit report
In the US?
I don%26#039;t have an annual figure but I listen to economic news regularly. If memory serves, it was about 4.5%. It fluxuates like many economic numbers but it seemed to always be around 4.5%
Im becoming a medical assistant in about 3 moths and my boyfriend told me last night that when we get married he wants to move to Danbury, Connecticut. Will I be able to find a job in Connecticut as a medical assistant? How much do they pay an hour? What other states would you recommend i can move to to find employment that is not far from NYC? 10 points to the best answer
What states have the lowest unemployment rate?credit score
Beside Connecticut, New Jersey is very close to N.Y.C.
The U.S. Department of labor, Bureau of Labor Statistics is where you will find all you want to know.
http://www.bls.gov/ro1/ro1_ct.htm
Occupational Employment and Wages, May 2006 (medical assistant)
http://www.bls.gov/oes/current/oes319092...
Unemployment Rates for States July 2007
http://www.bls.gov/web/laumstrk.htm
Good luck
What states have the lowest unemployment rate?
loan
Sadly...... Michigan
=[
If a person is out of a job for a certain amount of time, they come off the statistics. In other words, they are no longer considered unemployed.
Do you realize how the unemployment rate is calculated?signature loan
It%26#039;s measured by the number of people who are not employed and are seeking work. That can include someone who has been unemployed for a long period of time.
Do you realize how the unemployment rate is calculated? loan
Sorry but that%26#039;s rubbish.|||that not how it%26#039;s calculated|||People are unemployed if they are willing to do a job and are not able to find a job. If they are between jobs but still looking for a job they are unemployed. If they don%26#039;t look for a job, then they are no longer unemployed. They do not count in the labor force. It%26#039;s all economics.|||yes i do. no matter. apples to apples, they are low.|||Because they may be no longer considered part of the work force. The number is taken as a part of those who make up the work force, which isn%26#039;t everybody. Yes, I knew that.|||Sadly, that is true, the %26quot;stats%26quot; are gleaned from unemployment applications and recipients. After they have used up their eligibility, they are no longer included. Not to mention others who have never held employment enough to be eligible in the first place, or who elect to live off their friends/family and never apply.
But it is a rough estimate, perhaps the best measure that can be tracked.|||That sounds reasonable, one wouldn%26#039;t want to count retired people among those seeking jobs.|||That%26#039;s not true mate, they are consider %26quot;long term unemployed%26quot;. Although you may have heard something else that might be true. Sometimes the long term unemployed especially of older age are forced out of the labour market into early retirement (involuntarily) and in this case yes they are not considered unemployed any more (mind you this involuntariness is a debatable matter).|||%26quot;In economics, one who is willing to work at a prevailing wage rate yet is unable to find a paying job is considered to be unemployed. The unemployment rate is the number of unemployed workers divided by the total civilian labor force, which includes both the unemployed and those with jobs (all those willing and able to work for pay).
United States Bureau of Labor Statistics definitions
The U.S. Bureau of Labor Statistics (BLS) provides some definitions which are similar to, but not the same as, those of other countries.
The BLS counts employment and unemployment (of those over 16 years of age) using a sample survey of households.[2] In BLS definitions, people are considered employed if they did any work at all for pay or profit during the survey week. This includes not only regular full-time year-round employment but also all part-time and temporary work. Workers are also counted as %26quot;employed%26quot; if they have a job at which they did not work during the survey week because they were:
On vacation;
Ill;
Taking care of some other family or personal obligation (for example, due to child-care problems);
On maternity or paternity leave;
Involved in an industrial dispute (strike or lock-out); or
Prevented from working by bad weather.
Medical problems
Typically, employment and the labor force include only work done for monetary gain. Hence, a homemaker is neither part of the labor force nor unemployed. Nor are full-time students nor prisoners considered to be part of the labor force or unemployment.%26quot; (http://en.wikipedia.org/wiki/Unemploymen...
Less labor in an economy reduces the potential output.
More labor (decreased unemployment) increases the potential output of an economy.
Beware when doing this quantitatively, however, as labor has diminishing returns if not coupled with capital or tech progress.
Will a decrease in the unemployment rate cause a shift on a production possibilities curve/frontier?rate my
Hi,
Yes, because if unemployment is decreased, households has more income (they are working), a part of the income is saved and the other part is consumed for goods %26amp; services(increase in demand). When firms feel this increase in demand, they will increase their production (output), they will hire more, househols will consume more.....
Where would I look online?
How do I find the unemployment rate for a specific city?rate my professor
Check with your local department of economic security(urban housing)...if they don%26#039;t know the answer they would know where to point you. Good luck!
How do I find the unemployment rate for a specific city? loan
I%26#039;d suggest checking out http://www.city-data.com/ it gives %26quot;most%26quot; information that is available, if not a little outdated.|||This is a difficult question but i think census can help u or the website of the municipality of the city you wish to know. But i always use google search or www.ask.com and believe i always get everything i want to know, try them maybe they will help you too.
I think what you want to know is what impact changes in these three factors have on the economy. The quick answer is nothing. These indicators really don%26#039;t impact the economy. They are indicators of the health of the economy and tell how well or badly it is doing. For instance, real GDP (which is nominal GDP adjusted for inflation) tells in real terms how the economy is growing. A healthy economy will see growth, and the US economy is considered to be growing healthily when it sees real GDP grow by 3.5% annually.
The unemployment rate is a bit of a deceitful statistic, as it can go down for several reasons, some good and some bad. If it goes down because more people are getting jobs because the economy is doing well, then it is a good thing. If it is going down because the economy is doing terribly and individuals decide to no longer look for work because they feel it is pointless, then it is a bad thing. This is called the discouraged worker effect.
The inflation rate tells how quickly prices are increasing in the economy. The Federal Reserve tries to target an inflation rate of about 2% annually. If the inflation rate increases too quickly, the purchasing power of individuals in the economy will be eroded, and thus it is indicative of an economy in trouble.
Hope this is what you were after.
Current impact that changes in real GDP, the unemployment rate, and the inflation rate as measured by the CPI?payment calculator
Please adjust the question. You need to add detail so that we can tell what you are asking.
GDP is the measure of the total economy
The unemployment rate is a measure of how many people are looking for work
CPI is the consumer price index, or the measure of inflation for real goods and services
Are you asking what factors impact these measures?
How would I do this?
How to find output with only interest rate, GDP, and unemployment rate?credit check
In Economics, GDP is ootput. Output in economics means value added (income). The production of items in physical terms or value terms are available but this has nothing to do with the macroeconomics of OUTput, Employment and Interest rate.
How to find output with only interest rate, GDP, and unemployment rate? loan
Search government websites like bls.gov|||GDP = Government Expenditures + Investments + Consumption + (imports - exports)
There are other equations to find GDP but that is the common one.
# unemployed / total population * 100%
What is the equation for calculating unemployment rate.?student finance
Just note that, someone has to be actively looking for a job, to be considered %26quot;unemployed%26quot;.
If a person is not looking for a job, they aren%26#039;t counted as %26quot;unemployed.%26quot;
Unemployment can be calculated as a number (of people not working and looking for work) OR as a percentage of the total population of working age.
However defining unemployment is difficult. To be unemployed a person must be not working BUT must be looking for work and available to work. There are many people who are not working who cannot be considered to be unemployed because they are not actively seeking work. These people are defined as being out of the labour force.
Within the UK unemployment is calculated in two separate ways. The first is using the %26quot;claimant count%26quot;. This is calculated monthly by the Office for National Statistics (ONS) and is simply the number of people claiming Job Seekers Allowance (JSA). However, in recent years, this measure has been argued to drastically understate the actual number of unemployed people in the economy. For example, many people are financially affluent and when out of work would not feel the need to claim the low rate of Job Seekers Allowance. Equally, some feel that pride is an issue when claiming JSA.
In consideration of this problem, the Government has moved to a new measure called the Labour Force Survey. This is an independependently calculated figure by the International Labour Organisation. It is derived from a telephone survey of 100 000 people (60 000 households). For a person to be included as unemployed in this survey they must have been actively seeking work in the last 4 weeks and must be available to start work immediately. The survey only includes people over and above the age of 16. It is also notewrthy that the ILO measure is used by a number of other countries making international comparisons of levels of unemployment much easier.
If one looks at the data comparing these two measures of unemployment one discovers that the Labour Force Survey is consistently higher than the Claimant Count by give or take 1/2 a million people.
It must also be remembered that there are many different types of unemployment - not all of these are bad.
Cyclical unemployment occurs during the recessionary period of the economic cycle and is due to a lack of aggregate demand. This is also known as Keynesian unemployment.
Seasonal unemployment takes place in many industries such as retail and leisure due to seasonal changes in the patterns of demand for goods and services.
Technological unemployment takes places as a result of capital-labour substitution (this is when machines replace the jobs of humans).
Structural unemployment occurs when there is a mismatch between skills / qualifications of workers and the actual jobs available. This is often associated with a lack of occupational mobility of the factor labour.
Frictional unemployment is when people are between jobs or are between school / university and taking up a position. A further example is when mothers decide to return to work and are actively seeking work.
Finally, hidden unemployment is the term given to all those unemployed people who are not recorded in the official statistics.
A survey a couple of years ago by economists at the HSBC measured the number of people who are %26quot;economically inactive%26quot;. Taking this as a definition of unemployment led to the calculated figure for unemployed people in the UK rising to around 4 milion (this is four times the offical statistics).
To conclude then, unemployment can be calculated a number of ways including: adding all those claiming JSA; surveying all those actively seeking work; or simply working out the number of %26quot;economically inactive%26quot; individuals. Each one of these methods relies on a different definition of what unemployment actually is.
How can a person calculate the unemployment rate of a place?credit union
you can%26#039;t the FEDS are juggling the numbers to make it look better
How can a person calculate the unemployment rate of a place? loan
Ask everyone who lives there if they have a job or not, then divide the haves%26#039; by 100 and multiply by the have-nots%26#039; the answer = % of total pop that are jobless. I would suggest that you
divide the don%26#039;t knows%26#039; and punch on the noses between the two answers.|||I%26#039;d take the number of people within the local working age group (say 15-60) as the denominator. Divide the number of these people who are jobless by the denominator.|||The actual definition of unemployment is people who are actively seeking work. Thus, there can be jobless people (and want work) who are not considered unemployed.
You take the unemployed number and divide it by the number of the people in the workforce.
It didn%26#039;t. The lowest unemployment rate was 1.2% in 1944 and the government was almost begging women to go to work.
Why did 1969 have the lowest unemployment rate in US history?heart rate
Just off the top of my head I would say that a lot of it had to do with the Vietnam War. That war took 100%26#039;s of thousands of young men out of the workforce and put them into the armed forces. At the same time the manufacturers of war related materials (bullets, guns, bombs, uniforms, etc., etc.) had to dramatically increase their production and hire thousands of people to meet their quotas. Remember, that the only way a healthy young man could stay out of the draft was to stay in college which also took him out of the workforce.
Why did 1969 have the lowest unemployment rate in US history? loan
Everyone got drafted to Vietnam!
as a result many of our people doing so many odd jobs, some of them are in prostitution, kidnapping all those rich people and spending to much time in YAP answering question day and night.
ay diyan art kinabukasan para atin bansa
Are you ashamed that our country unemployment rate is very high?credit counseling
...there%26#039;s nothing to be ashamed of with our country%26#039;s labor force statistics. those numbers are just indices well within the norm of developing countries.
as for your additional details, please keep it to yourself!
Are you ashamed that our country unemployment rate is very high?
loan
i am not only ashamed. iam also unemployed|||Mr. %26quot;bitter guys%26quot; clone aka Jedi Sapien, why don%26#039;t you mind your own business and country?
And PLEASE, when you used other peoples language don%26#039;t make it too obvious that you are only a TRYING HARD COPY CAT CLONES because your Filipino grammar SUCKS!!!
LOSER!!!
Add:
Well, you are now %26quot;Wh*n N**d*d%26quot; clone. Are you not ashamed hiding on those masquerade and you love cloning people on this category JEDI SAPIEN?
Or are you having a Symptoms of Schizophrenia, read this and it might help you and seek a doctor:
Schizophrenia is characterized by profound disruption in cognition and emotion, affecting the most fundamental human attributes: language, thought, perception, affect, and sense of self. The array of symptoms, while wide ranging, frequently includes psychotic manifestations, such as hearing internal voices or experiencing other sensations not connected to an obvious source (hallucinations) and assigning unusual significance or meaning to normal events or holding fixed false personal beliefs (delusions). No single symptom is definitive for diagnosis; rather, the diagnosis encompasses a pattern of signs and symptoms, in conjunction with impaired occupational or social functioning.|||ay diyan art? does my tagalog suck that bad that i can%26#039;t understand that?
i know kinabukasan para atin bansa. but what does ay diyan art mean?|||I%26#039;m really hopeless and ashamed and like the first answer I%26#039;m also unemployed and obviously the current government doesn%26#039;t to give an attention for the unemployed whose not to give of any chances to having of our own jobs in their respective companies for the vacant positions out there|||no, our unemployment rate is not high, it is normal. If you compare the population of the country, the population is about 91 Million strong, compared to about 20 Million to 30 Million Malaysians.
We also treat each Filipino as equals, we dont have different sets of rules for Filipino Chinese, or Filipino Malay. Our lending rates are the same for all Filipinos, no race or religion is different.
There are a lot of prostitutes too in KL and Penang, so this is not a sole problem of the Philippines. And in going to Johor, most Singaporeans are now afraid of kidnapping and carnapping as well, guese why? it is due to the folks in Johor.
So kidnapping and Carnapping is also a problem in other countries.|||Hey guys, FILAM_ASO is right this guy is cloning Bitter_guys and he is JEDI SAPIENS a moron from Malaysia that keep on asking negative questions about our country. Let%26#039;s all join together and block this stupid person. If you see Bitter Guy as level 1 this is cloned by JEDI SAPIENS.|||not at all. when the spirit is contented, nothing moves one down.and there is no other way but up.
prostitution, kidnapping, etc. is not an unemployment problem but a social one.bc even first world countries have prostitutes, kidnappers.
as to yappers, most of them are God sent. praise be to God for they are so helpful to people in need. They give time and efforts voluntarily, just like you.|||Hi..i will going to have ths in English so that you can understand. It seems that you are having hard time speaking/writing in tagalog..what a shame!!
i dont know where u got this idea..but for your information,
Unemployment rate in the philippines decreased already as call centers are rampant in our country and looking for thousands of employees with very competitive rates. Even those undergraduate are qualified. Right now, i am looking for someone to fill the position here in the office. I dont know why until now we cannot get somebody because nobody applied. So i can say that many of Filipinos are choosy when it comes to work and pessimistic about life, like you!|||Ummm, No...|||HAHAHAHAHAHHA..THIS IS FUNNY!|||I DONT BELIEVE this Asker is a Filipino.
He cannot even speak Tagalog well!
Please learn Tagalog first...before you ask, if we are ashamed or not.|||I don%26#039;t live there but have seen that up close first hand and yes its a shame. I would have to say there are alot of factors but quickly the biggest contributors to the problem would have to be the govt lack of support,to many foreign investors taking the profits and really strict working guidelines that have been implemented.
Thats why I don%26#039;t blame anyone leaving the Philippines looking for work.
It is, in fact, based on a historical average. I think the current target for the U.S. is around 4-6 percent. (It differs from country to country also) BUT, as the previous answer pointed out, if you are unemployed, that number does not really matter, does it?
What percentage is considered a high unemployment rate?credit repair
Abnormally higher than historical average adjusted seasonally.
What percentage is considered a high unemployment rate? loan
Whatever percentage puts you out of your job!
Is there a site I can find it on...if so, I%26#039;m lost.
How do I find China%26#039;s unemployment rate for 2003?postage rate
2004 January
Unemployment rateurban unemployment roughly 10%; substantial unemployment and underemployment in rural areas (2003 est.)
2003 January
Unemployment rateurban unemployment roughly 10%; substantial unemployment and underemployment in rural areas (2002 est.)
How do I find China%26#039;s unemployment rate for 2003?
loan
google it.|||Yahoo search engine, type in your question: 2003 China unemployment rate , that should give you the answer. Find it on your Yahoo tool bar the space just before Search the Web.
Yes, me, since I hadn%26#039;t heard anything to that effect and you%26#039;ve failed to provide a source. Here%26#039;s a source suggesting otherwise by the way: http://www.answers.com/topic/list-of-u-s...
Blue State Michigan Has the Highest Unemployment Rate in the Country. Anyone Surprised?heart rate monitor
No, not at all.
Poor planning, bad engineering, lack of insight, .. just to mention a few.
Blue State Michigan Has the Highest Unemployment Rate in the Country. Anyone Surprised?
loan
No, not really. High unemployment usually happens when your major employers (mostly automakers) are not doing well financially.|||no the ceos of the car companies sold out americans jobs to other countries - and now they are in the stink hole for it because nobody wants those piece of crap cars now - they failed to follow competitors leads who started to take market share and upgrade technology in their cars (or it wasnt of the same quality ) those car companies really managed to screw a good thing up - but not to give 100 percent credit to them the unions really ended up putting bullets in their own heads by never giving any concessions - there was definitely screw ups by the lefties and the righties on that one|||No not a bit surprised..
David your citing Wikipedia which is unreliable at best and on top of that the information was Jan %26#039;06..at least a year and a half ago...|||Nope. That is why they vote democrat. Hopefully Hillary can divert some funds from the hard-working in America and hand it to the unemployed.|||Not at all. Thousands of jobs have been lost to greedy CEOs in the automobile industry who move their factories to Mexico.
ZING|||The UAW sold them out and outsourced jobs! Maybe they should put their heads and finances together and start from scratch, while organizing a New Union!!|||Here%26#039;s your link David: Michigan has the highest unemployment at 7.1%. No, I am not surprised--typical blue-state results. Proof once again that you can%26#039;t tax your way into prosperity.
Edit: David, the Mississippi state legislature is majority Democrat. South Carolina%26#039;s and Alaska%26#039;s rate is steadily improving.
I%26#039;m just asking.
Why does Canada have a high unemployment rate, unlike the USA?credit card debt
The real US unemployment rate is higher than reported. The people that fall off of the dole are no longer counted. So the reported rate does not include all of the unemployed.
Why does Canada have a high unemployment rate, unlike the USA? loan
With their welfare system, why work.|||because they are hand-out liberals|||cause they are so far lib. in their gov.|||WE DO HAVE A HIGH UNEMPLOYMENT RATE.
Or did you mean %26quot;high%26quot; unemployment rate?!|||They don%26#039;t... their system of counting is factual unlike our own. We only count those who have applied for or are on the unemployment rolls... as soon as you are off you are no longer counted. This assumes that everyone who comes off unemployment has gone back to work.. that of course is false..
were we to calculate accurately we would be much closer to 15-17% nationally and in the smaller cities and rural areas it could be as high as 30-40% as it is in my city of Syracuse NY..|||Not so many illegals coming in from their south. Relatively low population for the size of the country. Big business doesn%26#039;t have as much control of the political parties. They control both parties in the USA.|||They do? I didn%26#039;t know that. hmmmm|||i thought the rate was like 5% something like that lowwwwwwwwwwwww|||Canada%26#039;s unemployment rate is only 1.7% higher than the US. Is that really such a big difference, considering they have 10 times the people that we have?|||Let me also explain the unemployment is calculated from those actively seeking benefits and not those whose benefits have run out. Person who have been unemployment beyond the period of being able collect unemployment Insurance are not factored into those statistics.
In reality the only actual way to gage unemployment trends is to look at the socio-economic trends of a small area over time looking for changes in spending, the housing market and industry.
Stating that there is a huge difference in unemployment rates is most likely erroneous if you take into account Canada also gives a longer term for collection of EI benefits.
If so, in which sector? Yet, if you look at Craigslist, under the job link, there are job openings every single day.
Do you really think that the unemployment rate is rising?care credit
We *know* it is....
A 6% jump in just December (from 4.7% of the country to 5.0%). Also, there are 13% more unemployed than 1 year ago.
Unemployment (Household Survey Data)
The number of unemployed persons increased by 474,000 to 7.7 million in December and the unemployment rate rose by 0.3 percentage point to 5.0 percent.
A year earlier, the number of unemployed persons was 6.8 million, and the jobless rate was 4.4 percent.
In December, unemployment rates rose for several major worker groups--adult men (to 4.4 percent), adult women (4.4 percent), whites (4.4 percent), and Hispanics (6.3 percent). The unemployment rates for teenagers (17.1 percent) and blacks (9.0 percent) were little changed. The unemployment rate for Asians was 3.7 percent, not seasonally adjusted. Most major worker groups experienced increases in their jobless rates over the year.
Least employable...on average the most undependable, need to be trained, plenty of competition for low-skilled work. Broken down it%26#039;s even worse for male teenagers of a certain color, as well, unfortunately.
. Why do teenagers have the highest unemployment rate in the economy?inflation rate
Because most teenagers live with their parents. Rotating in and out of the work force when you don%26#039;t have a mortgage or a car payment is not a big deal.
. Why do teenagers have the highest unemployment rate in the economy? loan
Well I%26#039;m a teenager and I%26#039;m only 14. I%26#039;ve saved up over $600 by working concession, babysitting, and good grades to visit the U.K. this summer. I believe that some teenagers are just not raised right, and that they think they can feed off of mommy and daddy until they%26#039;re old.|||A large percent of them return to school so they only work part time and some of the ones entering the workforce ain%26#039;t sure what they want and try something then quit if it isn%26#039;t their cup of tea.|||They have the least amount of education and experience. So it%26#039;s only natural that a company will hire older and more experienced employees.
%26quot; Yea?...so how do I get experience if I can%26#039;t get a job? %26quot;
is the most common lament amongst the teenagers looking for work.
Sounds like a %26quot;catch 22%26quot; situation to be sure. But sooner or later a teenager does find employment and with that; the teenager gains time in the workforce. Having that short time employed is long enough to gain a small resume for prospective employers. By the time you are 21 to 25 years of age then you are in a stronger bartering position for a good lifelong career, or trade.
That%26#039;s the way %26quot;growing up%26quot; works in the employment field.|||Many jobs require a degree of education, skill, and experience that teenagers lack. The degree of specialization and increased knowledge in a field, not to mention an understanding of the demands of many workplaces, will tend to make an adult worker more productive than a teens.|||It%26#039;s only a statistic. As a teenager I enjoyed CASH, under the table. Hence to the Gov%26#039;t I was unemployed.|||Is it possible that it has to do with the fact that at this point in time, the baby boomers are the most productive group and the largest percentage of the working population?
Next, keep in mind that the economy is fairly weak at this time, and most companies are making every effort to maximize their investment.
Outsourcing of jobs to less costly regions on the planet has made a lot of people with established skill sets available for employment.
Is it possible that teens still don%26#039;t have the assets to invest in, just like I didn%26#039;t have when I was 30 years younger? However, I believe that employers worth their salt are going to keep their eyes open for the driven teen ager, who already knows that today%26#039;s skills developed become tomorrow%26#039;s skills rewarded. Practice this and the jobs will come your way.
I would just like to add that I don%26#039;t see any point in finding a way to become skilled in doing nothing but twiddling your thumbs, and isn%26#039;t that basically what you do when you play video games?|||Because not all teenagers choose to work for pay. Some choose just to focus on school. (And, of course, there are some who are lazy also.)
Teenagers generally don%26#039;t %26quot;need%26quot; to work to survive - they do it for %26quot;wants%26quot; vs. %26quot;needs.%26quot; (Unless they are from a family that can%26#039;t provide all the %26quot;needs%26quot; and they have to help out.)|||Not true Octogenarians and Nonogenarians both have higher rates of unemployment.|||Most are lazy and supported by their parents. They%26#039;ll start working though, mommys money wount last 4 ever!|||schools have failed to teach good working practices.
I could post an answer if you had some figures. I don%26#039;t feel like finding my own. Also, what country are you talking about? I%26#039;m in the US. And didn%26#039;t you ask about inflation rates earlier under a different name?
What do you think the national unemployment rate will be this year (2007)? Higher or Lower than 2006? Why?credit bureau
I THINK IT WILL BE HIGHER WITH ALL THE FLDDING GOING ON IT REALLY REDICOULIS
Just looking at the rate is not the best idea because it doesn%26#039;t take it to account people who have stopped looking for a job or people who make substantially less money than at a previous job where they were laid off.
Economists have called the past couple of years a %26quot;Jobless Recovery%26quot;.
How can it be that an unemployment rate is low for an area - but locals say the economic condition is bad?child tax credit
Another reason is that they are taking the statistics of people who are actually on unemployment benefits.
Greed. And did you know there is a governmental office, funded by your tax dollars, that assists corporations interested in moving their factories to China. Amazing!
Why are employers contributing to the unemployment rate in the US by outsourcing?mortgage lenders
Because they can make more profit if they use cheap labor
Why are employers contributing to the unemployment rate in the US by outsourcing? loan
Mostly greed. They want more and more profits.
But there are some exceptions. For example if you have a factory making something and all other makers of this something already have a factory in a cheap country, then you have little choice, but to build one yourself (or outsource the work) or you%26#039;ll go out of business.
Another reason can be that there%26#039;s some kind of work in an office that nobody likes to do. They can send just that part of the work to some cheap place and make somebody else do it for pennies. This way the people back at the original office may seem more happy.
Yet another reason can be that the work you outsource is just plain dangerous (or heavily polluting). It%26#039;s much easier to send it to a place where nobody cares if you%26#039;re killing the birds, fish in the river, or poisoning your workers, than to make changes at home.
Somehow all the reasons go back to greed.
Higher than it is now 4.2%!
Employment data from the U.S. Bureau of Labor Statistics and found that 60 months into the Clinton expansion, the unemployment rate was 4.7 percent vs. 4.5 percent for Bush. The last time the jobless rate was as high as 5.3 percent under Clinton was January 1997, 49 months into the Clinton expansion. The Clinton administration clearly benefited from an expansion that began well before the election and well before they ever passed a single piece of economic legislation.
=
What is the lowest US national unemployment rate during Clinton%26#039;s Administration?unemployment rate
Hahahahaha....he was trying to argue with me on another question where I posted Bush%26#039;s UR was lower than Clintons.....LOL
Better luck next time.
What is the lowest US national unemployment rate during Clinton%26#039;s Administration?
loan
Well lets see, conservative data says that Bush%26#039;s was lower, liberal says that Clinton%26#039;s was. Just pick one and go with it, you can find data to support either claim.|||How is it that the Bush Administration has continually lied to us yet you still believe any numbers that come out of the government agencies. You are not very bright are you ?
You can start with the 2000 presidentail election. GW was appointed by the Supreme Court because his father appointed some of the judges.
You can then go to the staged covert operations that were run for him by the CIA %26amp; friends. Killed over 3,000 people without batting an eye. Free 9/11 video downloads are available
http://www.question911.com/linksall.htm
You can then go and illegally invade Iraq on a trumpted up charge of them having WMDs.
You can then be told that the %26quot;mission is completed%26quot; on an aircraft carrier.
You can then believe that by jailing Border Security Guards by giving imunity to an illegal immegren drug smuggler that he is really interested in halting the invasion from Mexico.
He has even refused to grant them pardons.
You can then believe that the FDA is doing everything in their power to inspect the food that China is shipping to the US after pets and people are getting sick %26amp; dyeing.
You can then hear Bush say that he thinks that the Mexican Attorney General is doing his job when the atty general shows up to give testamony with no documents to support anything he says and states over 60 times %26quot;I Don%26#039;t recall%26quot;.
You can then believe that George Bush is so concerned for the troops in Iraq that Walter Reed Hospital, which used to be THE place to go to get treatment was left to run down and mistreat the wounded soldiers.
You can then believe the the us military has no officers left that care enough for their uniforms and/or oaths to tell the truth to the president. those that did were transferred and/or retired.
You can then believe that high ranking officers can tell the parents of a soldier that died in combat was %26quot;warm dirt%26quot; and have a higher ranking officer tell a congressman that there wasn%26#039;t any laws that were broken. then after the congressman asked him about laws for Conduct Unbecomming an Officer%26quot; he admitted that there was such an offense.
I can go on and on and on but what difference does it make.
The one thing that I can look forward to is waking up tomorrow and watching the whole thing over again.
round, and, round, and, round we go, where it stops no one knows|||this is really not rocket science... easy to find... easy to prove...
http://data.bls.gov/PDQ/servlet/SurveyOu...
clearly...
Clinton low = 3.8 for April 2000
Bush low= 4.2 the month he was inagurated
in other words, someone is riding someone else%26#039;s coat tails... and averages (the only thing conservatives discuss) hide this FACT very well...
HW%26#039;s huge rate that he gave to Clinton, like 6 or 7 percent, ruined Clinton%26#039;s average...
a simple look at the numbers clearly shows this... (you can change the years at the top of the chart for proof, if you want to go back to Clinton%26#039;s first year)|||Clinton may have been lower, but he didn%26#039;t give tax breaks to companies that sent American jobs overseas. Plus the jobs that were here paid better than they do now. I don%26#039;t think the question or answer is in the numbers it%26#039;s in who was looking out for US citizens and who is looking out for corrupt corporate scoundrels. Clinton wins that one, since we actually saw minimum wage go up when Clinton was around, Bush fights it tooth and nail
Liberals seem to be stocking up on food and water for the economic collapse of America. Wasn%26#039;t the Bush attacks on 9/11 supposed to be the economic ruin of America, according to liberals? What about the Bush tax cuts during wartime? What about all the corporate scandals? What about hurricane Katrina? What about the housing market bubble that was to send us into a recession? It seems like anytime there is a cloud in the sky liberals are predicting the economic destruction of America.....or are they really hoping for the economic destruction of America? Whatever hurts America, hurts Bush, right? It is obvious what the liberals would be praying for if they weren%26#039;t all atheists.
How bad is a 4.5% unemployment rate?payment calculator
Where I live, it%26#039;s even lower than that.
Yes, ANYTHING to makes things look bad. To them it%26#039;s all about doom and gloom.
And those foreclosures that you%26#039;ll hear and read about? Stupidity caused those, not the economy. But I%26#039;ll betcha those bleeding hearts will want us to pull them out of that as well. Grrrrrrrrrrrrr!
How bad is a 4.5% unemployment rate?
loan
It%26#039;s the Greatest Economy in the History of the Nation.
Democrats are in a Rage. They are going to raise billions in taxes.
Democrats want Revenge on the Working People for getting Tax Cuts.
The Democrats are going to punish us workers, and we will pay dearly.|||It is actually too low. The ideal rate is 5% so that their is enough flexibility for emerging businesses but it is more important a measure regionally.|||very bad when the 95.5% employed are working McJobs and Wal Mart.|||Only dummies and retards believe what Liberals say.
Liberals predict %26quot;the sky will fall%26quot; since 01/20/2001..... I am still waiting...|||One of the best in history. I can%26#039;t imagine why Hillary and the democrats need to fix it. Tax cuts are working.|||It%26#039;s at an all time low. basically it means that everyone who wants a job, pretty much has one. 4.5 is amazingly low, but to hear the libs talk the sky is falling.
VOTE OUT ALL INCUMBENTS|||Not the numbers game.
This just means that 4.5% of the people filed for unemplyment benefits. It does not reflect people losing 60K and up careers for 30k and below, dead end jobs.
Neo-cons will take anything they can and twist it to something good for America.|||It%26#039;s only bad if you%26#039;re one of the statistics. If you%26#039;re working, it%26#039;s okay. A foolproof formula that works for 4.5% or any other number!|||4.5 means there is no unemployment. In 1992-93 unemployment was almost at 8%.|||Great question.
Liberals really hate these facts:
Stock market at all time high, revenues at all time high, unemployment near record lows. Anyone who wants a job in America can find one.
Why do liberals hate these facts?
Because they hate America. There is simply no other explanation.|||Seems that they were cheering Bill Clinton for what he did
in Arkansas, but just how many chicken plucker%26#039;s do you
need on one state. Also notice that they bring up Mc Donalds
and Wal-Mart as the source of jobs and accuse Bush for
throwing unemployed drug dealers in jail to reduce the
unemployment rate. Guess they need their dealers back
on the street so they can get their drugs.
If you want to see the unemployment rise, wait until a
Democrat becomes President and raises taxes, there
will be less money for people to spend meaning that
less products will get sold and companies will be forced
to layoff workers to hold their margins.
9/11, Katrina and every other disaster in the US has been
the fault of Bush, according to the Democrats, I%26#039;ll bet that
they even blame him for Global Warming (to bad that one
is a lie). I am sure that they blame Bush for the high cost
of housing but doubt that they would sell their own house
for less than the market price.
This is the reason that the Democrats have a JACKASS
for their mascot, and it sure fits.|||%26quot;Doomsday soon%26quot; and %26quot;Y2k All Is Lost%26quot; stocked up as in 1960s days of fallout shelters.
Bush attacked nobody on 9/11 but Arabs claimed Jews were behind it despite 17 skyjackers of 19 being Saudi Arabians. JFK wanted tax cuts in a speech available on the internet because the 90% on highest was %26quot;confiscatory%26quot; AKA %26quot;legal taxation robbery%26quot;. He died soon thereafter.
When Brits forgot to renew ONE onerous tyrannical tax, revenues flowed in like Niagara Falls!
Bush tax cuts have turned loose the American GIANT, with revenues flowing in like the waves of a tsunami! People work over-time again, businesses are booming, and TAX MONEY ROLLS IN LIKE an 18 wheeler! Democrats regained control of Congress, made TAX INCREASE noises, and scared the hell out of wage-earners who stopped spending and started bracing themselves/grabbing for ankles. Even peacable Europeans would kill Muslims for 4.5%...we are the envy of the world!
YES, modern liberals want America punished for being hard-working, punished for being successful, punished for all our charity for the entire world...it makes the poor feel poorer especially when wealthy Arabs have billion$ to build islands in the Mediterranian as tourist attractions but NOT one dime for capitalism so their own people can pull themselves out of poverty and squalor and deprivation and disease and lack of education (except %26quot;kill the infadel%26quot; schooling).|||The global unemployment rate is 6.3%.
I learned in first grade that 4.5 is less than 6.3.
Therefore I%26#039;m thinking 4.5 sounds pretty darn good!
ANd if you are working at McDonalds as a frycook (and you are over 21) or WalMart as a greeter (and you are under 65)....then I suggest you are unskilled, uneducated, or just plain unambitious.
All of which are your own fault.|||Welcome to Wal Mart...The U.S. economy grew at an annual rate of 0.6 percent in the first quarter of 2007, the worst showing since the final quarter of 2002, the Commerce Department reported Thursday. The growth rate in real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- was slower than the 1.3 percent pace originally estimated and the 2.5 percent pace in the final quarter of last year. We are going BACKWARDS AGAIN...A Good economy is rooted in Good Fiscal Goverment Management and we are not doing it very well.|||Anyone notice, you still get posters, who think the number of people applying for unemployment benefits, has anything to do with the unemployment rate.
Why won%26#039;t they go to the Department of labor web page and actually read , how the Dept of Labor calculates the unemployment rate.
Or would they rather continue to look silly, by quoting some liberal myth they read on some blog?
Kind of like the liberal myth that all the new jobs are at walmart or mcdonalds.
You have noticed, that they never ever supply any links to back those silly statements up.|||We don%26#039;t have to predict the Republicans that have never ran an administration in the last 3 republican presidents that have not made the deficit grow and economy drop, its plain to see. We don%26#039;t want economic slowdowns like we get with Republicans that is why we vote democrat so it doesn%26#039;t happen. You are a troll, go back under your bridge and stay there.|||No different than the 54% increase in Fast food resturants.
That means the 27%er%26#039;s can all have 2 jobs now to cover the cost of renting a double wide.
Go Team Bush Go
pls answer asap...
What is the total population,employment, unemployment rate in India?credit check
try to check it out at census in india via email.
What is the total population,employment, unemployment rate in India? loan
popullation - over a billion.
but if u r seeking a job in it sector then no problem coz there are plenty of jobs and good companies like infosys, satyam and wipro
It measures the strength of the job market. You honestly cannot get much better than people looking for work divided by the job market.
As long as you%26#039;re watching real wages as well.
What is the strength of using unemployment rate statistic?student finance
It is an indicator of the health of the economy. However, it%26#039;s not entirely reliable. There is always some unemployment -- the natural rate of unemployment -- and economists don%26#039;t always agree with what that level is. For example, the recent changes in the minimum wage will likely affect the natural rate of unemployment, but no one agrees on how much.
USING : Not in the Labor force45
Unemployed10
Discouraged workers 4
Employed98
Total (?) Population 9
Not of working age30
U = 10/10+98x100
U= 9.25 ?
Is this correct ?
MATH PROBLEM : ECONOMICS - CALCULATING LABOR FORCE %26amp; UNEMPLOYMENT Rate, Also see if needs correction?credit union
You are correct:
The unemployment rate equals
total number unemployed/
(total no. employed+Total number unemployed)
= 10/98+10) = 10/108
Or would it just cause a whole set of new problems since the majority of the nation would be able to afford the necessities and some of the luxuries in life?
If the poverty rate in the United States was as low as the unemployment rate would that be something positive?heart rate
It would be a great thing and create tons of great jobs as people purchased everything.
The big problem with teh US today is the disparity of income. We have a wider gap between the rich and the average and the poor than since the depression. This mean average people cannot buy things that stimulate the economy.
Henry Ford understood that you must pay people enough to buy your product. A wealthier and larger middle class helps everyone. A small number of extremely wealthy helps no one.
If the poverty rate in the United States was as low as the unemployment rate would that be something positive?
loan
Not sure that I understand the question. But I do know that America is the wealthiest nation on earth. So what do you classify as poverty? unemployment rate would also go down if people would start up their own businesses.|||The only reason the unemployment rate is low is because people have stopped looking for work. It is not because they have found work that is equitable to the jobs that they lost because of Bush%26#039;s fuzzy math.|||The poverty rate in America is between 10 and 15%.
That means a family making under about $25,000 a year.
All I can say about that is:
I can work full time at McDonalds at $8 an hour. 8 * 80 * 26 = $16,640. Both parents working at McDonalds is $33,280, above the poverty level.
Throw in a couple of better jobs than working at McDonald%26#039;s, and you have to wonder: How can ANYBODY live in poverty in America?|||Just a question here ok ...? but do you believe the poor should not have to work for those luxuries like everyone else does who want luxuries?
By your reasoning, not only should taxpayers give to the ppor everything thing they absolutely need.. but they should also want to and must throw in an Escalade as well. That makes no sense.|||Yes, that would be great assuming you mean 5.1%.
Phillip Mc---
A Family of FOUR
Assuming there are two parents-33k=Net under 2k/mo
Three bedroom apartment = $2000-$1400=$600 max
$600 minus utilities=$400/mo (assuming heat included which it%26#039;s not)
$400 divided by 4.33 weeks per month= $92 per week
Ever try to feed a family of four on $92 per week much less clothe one and pay school costs, transportation, medical co-pays, etc.? That%26#039;s how people live in poverty if they%26#039;re THAT lucky.
because Papua New Guinea have a larger population than countries like Australia. So, under normal circumstances, more people = higher umemployment rate.
there%26#039;s also the problem with less education provided, so companies like MNCs (Multi-national companies) most likely won%26#039;t employ them.
Why Papua New Guinea suffers high unemployment and country like Australia has low unemployment rate?credit counseling
Australia has great mineral wealth, and efficient, mechanised agriculture, as well as an educated and well trained workforce. Far too many of PNG%26#039;s people live in isolated villages, from subsistence farming, and have low or no literacy and numeracy. One way to start changing this, is to take the brightest and best, and train them to be teachers, doctors, health educators, midwives, agricultural advisers, etc., and require that they spend several years (say, 4 - 5), back in those villages, making their contribution to their community, to discharge their education debt to the government. With the advent of the new, wind up computers, this is an opportunity PNG cannot afford to miss out on, or it will be a basket case for many decades to come. See www.barefootcollege.org A similar college in PNG, as well as the above, would be highly beneficial. Small trail bikes (125cc), with carriers attached, would seem to suit, as are in use in Africa. I know the riverways are important, and light plane travel is often used for the more inaccessible places, but a more extensive road network is important, too. It needn%26#039;t be all weather, sealed bitumen ones. Elysium is incorrect: Australia has a population of around 23 million, PNG%26#039;s is approximately 5.7 million.
will it affect the country?why or why not?
What will be the effects of 10% unemployment rate?credit repair
There will be a considerable level of pressure on the government to provide jobs for the unemployed.
Economic environment would also get affected as there will be a drop of productivity / out put that could have got from the unemployed if they were employed.
Society would also get affected as there will be rise in crimes , roberry%26#039;s etc..
What will be the effects of 10% unemployment rate?
loan
10% increase crime rate.
yes it will affect the country because the increase crime and social problem. everything is interlink.
Because they want us to believe that their economic policies are working. Unfortunately the policies are only working for the rich.
Why does this Administration say that the %26quot;Unemployment Rate%26quot; is less than 5% when 10% quit looking?postage rate
And where do you get your numbers ?
Why does this Administration say that the %26quot;Unemployment Rate%26quot; is less than 5% when 10% quit looking? loan
the administration lies about unemployment and only uses people registered with unemployment offices to get their statistics. they%26#039;ll lie about anything to make the economy look better to get votes. They don%26#039;t care about minimum wage only being $5/hr when they are making millions and giving billions of tax payers money away daily for their own greedy purposes.|||%26quot;And where do you get your numbers ? %26quot;
In order to make his point, if he had one, he pulled his numbers outta his a$$...
http://jobsearch.about.com/gi/dynamic/of...
Total nonfarm payroll employment increased by 128,000 in August, and the unemployment rate was little changed at 4.7 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Payroll employment grew notably over the month in education and health services; several other industries had modest increases. Average hourly earnings rose by 2 cents, or 0.1 percent, in August following larger gains in the prior 2 months.|||How can they count those who quit looking? compared to those who found jobs? Its all political fullbarts.|||We got the Hispanic Caucus of the Democratic Party holding the door open for new workers. Ask Solomon Ortiz why folks have quit looking.|||No one wants to tell Bush the truth and Bush doesn%26#039;t want to know, let alone tell, the truth. But, after artificially maintaining the economy after the .com bust by dropping interest rates, the truth is beginning to catch up to him.
Drive through the ghost town that used to be Silicon Valley and ask what the real number is.
They want your vote.
The economy is very unstable. All you have to do is issue a press release stating that the unemployment rate is over 15% and stock prices will drop resulting in more people getting laid off resulting in more stock price drops, and so on.
www.freedomtofascism.com/
That%26#039;s what happens when you raise the minimum wage... those worth less than the minimum wage get canned. Why do libs want to see so many Americans lose their jobs?
Why do Democrats want to raise the unemployment rate?honda finance
The more people they can get to be dependent on government the better. Duh. Any moron should be able to see that!
Why do Democrats want to raise the unemployment rate? loanCorrection, only morons think that. Report It
|||So they cab have more people on welfare and get more votes by keeping them there.|||Because keeping them poor, scared and ignorant makes them more dependant on Big Brother -- so they vote democratic.|||Sorry, you are wrong. Raising the minimum wage has never had a significant negative effect on employment. Watch a different news show than Fox and try reading independent economists and read the studies, not the opinions of neocon think tanks.|||Maybe the unemployment rate is going up because Bush is sending our younger workers over to Iraq. Just a thought.|||More repuglican horse pucky that just isn%26#039;t true. Jobs are actually created when the minimum wage is raised. Stands to reason more people have more money to spend which requires more product which creates more jobs. I just can%26#039;t figure why repuglicans do not get it.|||So your answer would be for the poor to remain poor and live hand to mouth? Minimum wage is not proportionate to the cost of living increase, an increase is necessary or these people to live! But of course cons and Republicans don%26#039;t care about the working poor, just what lines their own pockets, typical.|||The only thing you are exposing is your ignorance. Do some research and you%26#039;ll find that you are 100% incorrect.|||Unemployment is not directly related to the rise of the minimum wage. I am certain that there are statistics that will show a correlation, but that does not make the case.
The current unemployment figures are artificially low because the figures only count those that actually recieve unemployment compensation. This count is but the tip of the iceberg. It is a number that looks good when it is small, but that does not accurately reflect reality.|||Even if the unemployment rate and minimum wage are raised, it is not going to affect any Americans in the long run. When minimum wage rises, eventually the cost of living rises as well. Earning a little more money may help some people in the beginning, but even that small increase will not make a huge difference.
My guess would be that people who want to raise the unemployment rate want to help others support themselves, but if that was really the goal other changes to our economic system would have to be made. Raising unemployment rates / minimum wage are really quite pointless acts.|||Why is it that there are Nobel Prize winning economists that disagree with you???? are you somehow smarter and more knowledgeble than they are???|||No actaully it%26#039;s not what happens that is a conservative myth like the estate tax causes people to lose family farms myth, there is not one documented case of the estatye tax causing this lose but the right screams it every chance they get. In states that have raised the minimum wage above the federal level like Utah there has actully been greater economic growth than the national average so that kind of shoots your lie in the keester there moon bat|||What good is a job if you can%26#039;t earn a living wage ?|||I wonder why the question references just democrats and not the 82 republicans in the house and 45 republicans in the senate who also voted for it.|||The federal minimum wage (applicable only to workers that qualify for the Fair Labor Standards Act) is $5.15/hour. If the worker doesn%26#039;t qualify, then don%26#039;t be surprised if the worker gets paid even less.
In Kansas, they have set their state minimum wage to $2.65/hour (with overtime at the 46 hour mark, not 40-hours as in most states), which applies to those workers that do not qualify under the federal Fair Labor Standards Act. And Kansas has a state minimum wage. Other states like Alabama don%26#039;t have any.
The federal standard for those workers that qualify for the Fair Labor Standards Act was set 10 years ago. Recently this past month, the 110th US Congress is proposing to raise it to $7.25/hour over a 26-month year period.
If Bush signs it today and becomes law, the first increase will occur in March 2007 at $5.85/hr. This would affect about 19 of the 50 states. Then bumps up to $6.55/hr in March of 2008 then finally $7.25/hr in March of 2009.
14 states today have their own standards that are already at $7/hr or greater with Washington having a $7.93/hr minimum wage. The federal standard wouldn%26#039;t have any impact on them when all the federal increases have been completed in two years.
Obviously, the federal standard has not caught up with inflation, which is why the Democratically-controlled Congress proposed this legislation. Taking into account inflation, the minimum wage has not been at its highest since the late 1960s. Since then, only mimimal amount of effort was made to have it keep up with inflation.
Those with their hidden agendas have %26quot;re-interpreted%26quot; the proposal as Democrats promoting unemployment while ignoring any Republicans that supported it.|||Wow....the lawyer was pretty pissy. However, I have read other think tanks......They don%26#039;t use numbers!!! I just don%26#039;t understand the Democrats on this argument either.
What makes it worse is that the original arguments for a minimum wage in 1938 did not make sense either.
There are three kinds of unemployment: Frictional, cyclical, and structual.
Frictional unemployment are people quitting jobs, getting fired, moving, just graduating from school, reentering the workforce after having children, and so on. These people are unemployed only temporarily but still fit into the unemployment statistics.
Cyclical unemploymet is unemployment that occurs due to the business cycle. When there is a recession, there are people put out of work. The general economy is not experiencing this right now (outside of a few industries like home building and mortgage lenders). That is why we have a historicaly low unemployment rate right now.
Structual unemployment is when there is demand for labor, but the unemployed do not have the desired skils needed, or are just incompedident, lazy, or cant take any resposibility.
Assuming that there is not a recession going on, the cyclical unemployment does not exist, but there are always people who fit into the other two.
People change jobs all the time, for good or bad, and there is always a segment of the population that is lazy, incompedint, etc, and just cant hold down a job. These two reasons are why %26quot;full employment%26quot; is considered to be around 5% or so historically.
But what you have to keep in mind, is that a 5% unemployment rate does not mean 5% of the population can never find work. It includs the temporary people. The average time of unemployment is about 8 - 9 weeks right now.
Only about .5% - 1% of people fit whithin the long term structual enemployment who just cant get and hold onto jobs.
Why will we never reach a zero% unemployment rate?heart rate monitor
We are constantly adding to the work force with people leaving school or returning to work after a hiatus.
0% unemployment is not even a desirable goal. If we have that, there is no labor pool for expansion of existing businesses or for the opening of new ones.
Why will we never reach a zero% unemployment rate?
loan
I will bring an example to show that it%26#039;s impossible: one of the types of unemployment studied by economics is frictional unemployment, which counts those who are seeking a new (possibly better) job or changing it. Since workforce is not %26quot;binded%26quot; to workplace there will always be some people unemployed. Further, a lot of people can be considered economically active (i.e. be part of those who can work), but still be out of actual workforce due to certain reasons (students, unwillingness to work, etc.).|||Because the bible says there will always be the poor.|||There are different types of unemployment which are unavoidable such as
Frictional unemployment wen pple move from 1 job 2 another:
Seasonal Unemployment due to changing seasons%26amp; demand for labour depending on the nature of job;
Cyclical unemployment which is cozd by fluctuations in demand for labopur, depending on the economic upswings or recession, In addition to that the number of pple employed depends on the demand for labour by firms. Firms will not hire more labour than they need just to lower unemployment bcoz they are profit making units
then Structural unemployment cozd by the situation in which pples%26#039; skills do not match with the job requirement skills. This is also aggravated by a growing population rate which is larger than the GDP growth rate
.
Like myself,I am unemployed and seriously thinking of an out of state move real soon. Taxes are also being raised,and this is another reason,why so many people are moving out of state.It is awful,that people have no choice,but to put their home up for sale,and move on.Our Big 3 factories are in trouble,and then everyone else is too.
What do I think of the Michigan unemployment rate?Why do you think so many people,are moving out of state?credit card debt
I agree. My wife can%26#039;t find a job to save her life (medical records management). And, I can transfer with the company I%26#039;m with. We%26#039;re seriously considering leaving.
What do I think of the Michigan unemployment rate?Why do you think so many people,are moving out of state? loan
Blaim your governor for the tax hike. She is a democrat, a Liberal. She was not even born in the United States, but was in Canada. She can%26#039;t know what is best for Michigan. I%26#039;ll bet you a thousand dollars she doesn%26#039;t even buy her cars from Detroit! I%26#039;ll bet my last dime she buys them from Japan while she makes taxpayer%26#039;s pay for her Limo driver!|||All Governor Granholm needs to do is to continue to raise taxes until the people and business return. The more taxes you pay the more you want to live here, right?|||My wife, who has a master%26#039;s degree, a teaching certificate, and a paralegal certificate, has been looking for a job for over a year. I%26#039;m very fortunate because my job pays well enough for the two of us to keep our little ranch in Redford Township. My whole family is here, as is hers, so we%26#039;re not going to move. We%26#039;re the exception to the rule. I can%26#039;t see any reason for anyone to stay here with the economy as bad as it is, the Big Three about to go under for good (the only good thing about that is it%26#039;ll mean the end of the worst thing to ever happen to the auto industry -- the UAW) and a moron in the Governor%26#039;s mansion saying %26quot;We%26#039;re so sorry that so many people in Michigan are out of work and having such a tough time getting by, so to fix the problem we%26#039;re going to take away more of what we already know you don%26#039;t have and give it to a government that will be in no way held accountable for how that money is spent.%26quot;
Don%26#039;t blame me; I voted for Dick DeVos.|||We have a similar problem in Ohio, massive job losses, lousy economy. Most of college grads seem to permanently leave the state ((same for the past 2 decades).
There are macroeconomic changes under way that will devastate automotive %26amp; manufacturing. This harms OH, %26amp; MI even moreso. You can%26#039;t blame the governor/government for that.
However what is clearly required is some sort of plan to create jobs in our states and keep *good* jobs here. and to encourage the educated to stay here. Ohio%26#039;s gov has completely failed at that and I think MIchigan is the same.
I had a small biz for the past 11 years and recently stopped and went to work for a company headquartered in California. The laws in OH for small biz are horrible. I%26#039;ve been involved in several attempted Tech startups and no one in this part of the nation seems to understand ventuer capital. They will bankroll a service business or a retail, but there is absolutely no money for anything that will create good jobs. The one startup that did get off the ground was immediately moved to Arizona (a right to work state without the union and workerscomp problems) as soon as the initial design work was done and a customer secured.
People will have to get far angrier about the situation before anything will be done.|||Your right on the Unemployment, yet our government in the U.S. is allowing it to happen in more states also. We do not make it fair for manufacturing in the U.S. to make products by allowing more imports in with out the proper taxes to make it fair. yet if you look at the taxes foreign countries charge us to bring in our goods it charged way more than it should be. Our government is helping us to fail here in the U.S.|||michigan has a canadain socialist for its gov. she has taxed everything and every one to death. Peopel and jobs are leaving and moving to sane states with sane governments. She and bush should marry, hes ruining america and she,s ruining michigan
Iqaluit, Nunavut
What city in Canada has the highest unemployment rate?care credit
quebec ******
What city in Canada has the highest unemployment rate? loan
When did they get cities in Canada?|||Detroit|||all cities probably... b/c you dont have to have a job to have med. insurace!|||idk, try living in michigan|||I would say anywhere in Newfoundland. They all move else where to work because the province has nothing to offer. There are more newfies in Alberta than native Albertans in some towns.
It wont. Increasing the minimum wage makes small businesses have to employ fewer people because they can%26#039;t afford to pay more. It obviously helps people who are already working at minumum wage, but hurts people who are looking for jobs.
How will increasing minimum wage help the unemployment rate?inflation rate
No that will mean that employers will have a larger payroll expenditure and will be less likely to hire more people.
How will increasing minimum wage help the unemployment rate? loan
It won%26#039;t, the unemployment rate is unrelated to minimum wage, time and again it is nothing more than a shift in assets.|||it wont it will actually decrease the workforce if it raises pay|||I don%26#039;t think it will help the unemployment rate... On that note, I don%26#039;t think that it will really help the minimum wage workers.. Wages go up, cost of living goes up!
I have a great idea... It willnt help anything but, lets see the lovely elected officials of the Louisville Metro Government work for minimum wage. That would be a hoot! Better yet, lets go out to Prospect and tell them that they cant pay their maids/ nanny%26#039;s/ gardeners minimum wage anymore. Talk about a revolution!
As a rule it%26#039;s going to increase Unemployment,or at a minimum force people into other professions since most cannot afford to work at the wages Illegals will take. After all it%26#039;s easy to undercut the other guy when you%26#039;re not sending the IRS their cut,as is the case with the vast majority of Illegals.
Others who are forced out of their jobs by Illegals undercutting them will also often go into business for themselves,as my brother did. So I suppose it helps some in the long run. As long as people aren%26#039;t stupid enough to believe that all this %26quot;cheap labor%26quot; is helping them,because it is not helping,and in the long run it isn%26#039;t cheap either.
Every community that gains a large Illegal Population inevitably sees declining schools,increasing taxes,ever increasing crime rates and overburdened social services. So in the long run all this %26quot;cheap labor%26quot; is actually rather expensive.
YTP
How does immigration affect bordering states (TX) unemployment rate?credit bureau
Illegal immigrants take jobs like roofing, construction and factory work away from American citizens. They wire most of their money back to Mexico and drive down wages. So yes they have a very detrimental effect.
How does immigration affect bordering states (TX) unemployment rate? loan
There are those who say only illegals will work certain jobs. Not so. There are any high schoolers and kids waiting to enroll in college who are legal citizens who apply for temporary jobs in the entertainment industry, restaurant industry, and I can remember when many yard crews were 17- 22 year old Anglo or black men. Illegals have driven wages down, so these legal kids can no longer find work. So... yes, it affects unemployment. Also, where the legal citizen spends his money here, the illegal sends it back home to Mexico.
Technology makes it rise. Go to a ford plant and see all things that are being accomplished mechanically today. Years ago human beings where doing them.
Mechanization and the improvement of technology to become more robotic in manufacturing trades had cost jobs.
How have either history or technology effected unemployment rate?child tax credit
xcbv
How have either history or technology effected unemployment rate? loan
Look up the industrial revolution and this will tell you how both technology and history have effected unemployment.
The Bureau of Labor Statistics
http://www.bls.gov/web/laumstrk.htm
Where can you go to find the unemployment rate for your state?mortgage lenders
try googling unemployment and the name of your state. It should give you the right site.
A rise in GDP is simply a measure of the real increase in production of goods and services. There are two basic components to increasing production: 1) having more workers to produce things 2) having better productivity among the existing workforce.
It%26#039;s possible that productivity growth alone will enable a certain amount of rise in GDP without hiring more workers, but as a general rule more jobs are in fact created when GDP is growing. Down at the level of any business, to increase production when demand calls for it, you might buy new equipment or pay existing workers overtime to increase your productivity -- but often it is just cheaper and easier, or otherwise necessary, to hire more humans.
When GDP rises it seems that the unemployment rate falls...why is that?unemployment rate
When the GDP rises so does the need for workers. The more goods and services the public requires the more people it takes to see that these needs are met.
Basically, anyone who is looking for a job but does not have one. That%26#039;s the definition of unemployment. So for example, stay at home mothers are not part of the unemployment rate since they are not in the job market looking for a job.
This F#@!iN%26#039; Economy
A: Its harder to screw your girlfriend when her husband%26#039;s always home.
What%26#039;s the worst thing about the rising unemployment rate?
the people who do not pay taxes and make money
What%26#039;s the worst thing about the rising unemployment rate? loan
Bush will attack another country under false pretences|||we have to deal with more hobos in america|||my friends always wanting to borrow money.
I would give them jobs that aren%26#039;t so difficult that is able to be done by the disabled
How would you decrease the near 70 percent unemployment rate amongst disabled Americans?
Expand opportunities for part-time employment with benefits, telecommuting, part-time telecommute/part-time in office, to learn how to use computers that use adaptive equipment, and micro-enterprise loan funds so people can start up business that are small.
The main issues is not difficulty of the job itself - it is commuting difficulties, health benefits, and inability to work full-time.
How would you decrease the near 70 percent unemployment rate amongst disabled Americans?
loan
I agree with Chiliswoman. Also, I would change the Soc. Sec. rules on working so that the disabled can keep their health benefits and not have to lose $1. in benefits for every $2. earned. My brother got a job, yet with the cut in his disability pay, he earns just enough to be able to buy himself lunch, carfare for work, and to skimp out a few packs of cigarettes a week. He%26#039;s basically working so that he isn%26#039;t as bored- the material benefits of working are very small.|||I agree with Chillswoman and That Girl. I would also make changes to the Vocational Rehabilitation program. They are not helping the disabled get jobs like they should. I have talked to several professional people who have told me that there are major problems with that program I have also tried to get a job through them.|||Well, a first step is being proposed now-the %26quot;Americanswith Disabilities Restoration Act%26quot; that seeks to put some teeth back in the ADA. At this point,it has been so watered down by 12 years o fneoconservatives in Congress its not worth the paper its printedon. Sothat%26#039;s a beginning.
There are three important steps that need to be taken. One is to reform tehe teaching of children with disabilities. They are not being served adequately--and without adequate education, they have little chance of working
The second isto restore job training and placement programs (over 100 have been cut by the Bush administration).
But the biggest thing that is needed is to change the public perception of people with disabilities. We continue to see ourselves portrayed as helpless and unproductive. If a woman or black person were presented the way disabled children are , say on the %26quot;Muscular Dystrophy Telethon,%26quot; the outcry would rattle every windo in the country. But such derogatory and stereotyped images and attitudes are still applauded in America. That needs to change. Things like tehe MD telethon belong inthe same category as a cross-burning by the KKK--a disgusting example of bigotry and prejudice.|||In my mind there are four categories of disabled people. Those who want to work, those who can work, those who can%26#039;t work, and those who don%26#039;t want to work. Those who don%26#039;t want to work do that for a purpose. Those who can%26#039;t work (well that%26#039;s understandable). Those who want to work can work state, county and city jobs more easily than any other jobs, they can have MLM%26#039;s, and they can work on the net, can do warehouse jobs or be baggers, or work behind the scenes in business, or even work among the public, but it depends on what they %26quot;can%26quot; do, so first they need to be tested to find that out. Vocational Rehabilitation is the place to go to get that checked out. ....ok, then there are those who %26quot;can%26quot; work and are hesitant to work, so they will need to be trained or retrained and Voc Rehab does that too. A lot of people don%26#039;t work certainly because they don%26#039;t have the transportation or they need equipment (which not all employers can supply however they can accommodate). It is harder for a disabled person to get things done so the jobs have to be, (in my mind) more rote...like we here have the Assn for the Blind whose disabled people make large clocks, so we know disabled people can accomplish tasks and can work in industry. The problem is that a lot of our industry went overseas so it%26#039;s not just disabled people who are out of work. Those people who are in really tough situations can maybe do art for thank you or greeting cards, or cartoons, or for automated dialing on the phone they can plug in a recorded message to remind people to do something (like even for the elections to vote, or to call a number if a person needs a ride). Or they can duplicate videos or cd%26#039;s for a company who made the original. These days disabled people who can still multitask can have websites, and now with 2008 being better for exporting they will have more of a chance to own their own business. I%26#039;ve heard of places out there that would lend money for small ventures (do an internet search for that). There are lots of ideas and jobs that are now available...but a lot of time there is difficulty connecting people to the jobs that are available...so there needs to be researchers who do that and people who connect them to the jobs plus get the proper transportation, etc. And Voc Rehab is one of the groups that does that. In fact they are constantly searching among large companies to locate jobs for their clients.|||MOney to help us start businesses.|||There is a terrible fear of losing your social security and medicaid/medicare benefit if you work part time. SSI docks you for every $2 you make (and that first $65 is free is a joke - food stamps cuts you right away!) So if you have a part time minimum wage job, you are down to $3.50 an hour right off the bat because of the SSI docking you, but it costs money to get to your job, you are still disabled, so you are tired and maybe have to eat more convenience meals which cost more, need more nice clothes, etc. NOT WORTH IT!
I have severe mental illness. What I am doing is sewing doll clothes to sell at craft shows. If I%26#039;m too sick to go to the show, I get a sister to do it for me. I sell on Ebay a little bit too. I still only make $3.50 an hour, though. But I can work when I am a bit less depressed, and I feel less useless because I am contributing something to society.
I think it is cheaper for the government to pay someone to sit at home than it is to provide supportive work for many disabilities.|||eSight.org has a some wonderful articles on debunking the myths on disabilities such as disabled people take more time off , they don%26#039;t . Disabled people cost you more , they don%26#039;t and they usually know where to get their adaptive devices either paid for or for free.
Another myth is because I can%26#039;t imagine a disabled person doing any job , doesn%26#039;t mean they can%26#039;t . Attitude against disabled people being able to function in society independently and just like everyone else is the biggest obstacle disabled persons face.
Oh and despite eSight%26#039;s emphasis on blind and visually impaired people , it is a cross disability site, as all the nformation applies to other types of disabilities as well.|||Dramatically change the %26#039;payback%26#039; rate for %26#039;working%26#039;. The existing rate makes it %26#039;not worth it%26#039; economically to %26#039;nickel and dime%26#039; your way up for most USA people on disability. My case, I am too educated for many (employment) jobs. I would almost %26#039;have to%26#039; run my own company.|||1. Educate business about the tax credit for hiring and employing disable people.
2. Better transportation and more awareness of that provided service.
3. Free business and economic lesson, helping disabled people to learn about opening their own business and learn to use money toward ecomomic like investment. Introduce disabled people to the Social Security%26#039;s SGA status benefit.
4. Better security in protecting against theft of disabled people%26#039;s money.
5. Annual reporting to the medical examiner for any changes in medical condition and blood testing for drug abuse. Void all disabled people%26#039;s benefit from Social Security dues to drug traces. (California is notorious for paying benefit to drug addict)
6. Stop supporting illegal immigrant with benefit and start giving the US citizen and registered green card their job back. We are in recession and we can%26#039;t afford to have illegal immigrant in our country especially the unemployement rate that is sky high. We need college graduate to graduates not having them to wait until 23 years old for Financial Aids because job are hiring illegally.|||put in symtems that encouage employers to employ people with disability.
In Australia alot of people work on supported wage.
understanding of different disability would help to. reduces disability payments when working but don%26#039;t disavanage them for doing so.|||Increase the number of self-employed disabled Americans. There are opportunities out there that are in your %26#039;blind spot%26#039; because all you think about is getting a job. At 70% unemployment, obviously there is a huge problem. In spite of your credentials, your education, and your skills, it%26#039;s still a deliberate problem and you probably know better than I do how many years this problem has existed. So I challenge you to look at network marketing carefully, I repeat, carefully because it does not discriminate and it gives you a much greater income opportunity. But look carefully! Network Marketing is not %26#039;easy.%26#039; It takes effort, belief, and goal setting. But if you crave your independence, then you must consider network marketing and all its possibilities. Jobs are becoming more and more scarce for everyone. Over 40,000 Americans join a network marketing company every week! Network marketing opportunity is my %26#039;Plan B.%26#039; Why, because I have been downsized three times since 911. Disabled Americans should band together and seize the power of a very people friendly network marketing opportunity. Take control of your own lives as much as possible and not wait for government to make %26#039;concessions%26#039; or pass special legislation for you. My name is Wade and I call myself The Health Whisperer. A job can hurt you in far more painful ways than network marketing can. In network marketing, you either succeed or you don%26#039;t, but the outcome depends almost entirely on YOU. Why is that a blessing? Do this. Go to www.thehealthwhisperer.org and perhaps you%26#039;ll be able to tell me. Also listen to a recorded conference call (712) 432-3974 and enter 123455#. I hope that this helps open your thinking a little. Disabled Americans should create a %26#039;tipping point%26#039; that will cause a wave of momentum for disabled people worldwide. So how strong and determined are you? Your collective potential is absolutely ENORMOUS. So let%26#039;s see if someone gets my vision and sees the advantages of network marketing like I do. All my respect, The Health Whisperer.
Go back to the consumer driven economics of the Clinton era. It seemed to work a lot better then the supply side economics of the Bush term in office. How on earth he can say that the economy is strong is beyond me. Just another Repuglican lie from the most corrupt leader in the world.
What can the government do to improve the unemployment rate?
Kick out illegals.
What can the government do to improve the unemployment rate? loan
Waste a bunch of taxpayer money by having more public works projects...that%26#039;s how Roosevelt did it during the Depression....like the TVA for instance.|||create more wars|||provide incentives to employers (especially small business)
provide skill based training for the unemployed
provide incentives and support for new enterprises|||Bush can change the rules on the way %26#039;unemployment%26#039; is tracked. Like he did when he took office. He doesn%26#039;t count certain groups of unemployed people. So unemployment dropped dramaticly.
Also, the count is taken from the list of people getting unemployment insurance. When they have used up all their insurance and still aren%26#039;t employed, they aren%26#039;t counted anymore.
So actually there are a much larger number now than what the stats say.
Bringing more manufacturing back to this country would be a good start. Make education cheaper. Fund schools better.|||Send the illegals home
clinton cleaned up the economic mess that bush sr. and regan left us.
Hey clinton bashers, did you know that the unemployment rate fell from 7% to 5% under clinton?
Do you really think Clinton did that?
Hey clinton bashers, did you know that the unemployment rate fell from 7% to 5% under clinton? loan
And now it%26#039;s around 4.5% with record job growth.
Stick that in your cigar and give it to Monica.|||And how is that attributable to Clinton?|||Hey, did you know that clinton was fortunate enough to ride the tech boom? that means more jobs. He had nothing to do with economic or job growth. he was just a lucky guy in the right place at the right time.|||you a clint banger|||Yeah and to reward himself he got a *******\
Now Bush is cleaning up the security mess that clinton left us.|||Economic mess? Reagan inherited a far worse mess. And the 90s economy boom was mostly dot-com driven. We all know how that turned out. And don%26#039;t forget all the accounting scandals that came to light in 2000.|||Stop living in the past.|||Definitely - even school girls had good jobs as interns....|||Didn%26#039;t take Economics in college, did you?
Not to bash one president, or defend another, but exactly how much control do you think any president has over the economy?|||It may be better job growth but those jobs are not near as high paying as they were during the Clinton years. Good paying jobs are very hard to come by these days. And not many of us have much money. Alot of older americans are having to choose between their medicine %26amp; their rent or house payment or just the regular bills...which to pay for? And some of us younger people are struggling too. And this country has never been more divided than we are right now. And Bush has run up the defecit to an outrageous amount that may never be able to be paid back...all after Clinton got the deficit down to record low amounts. Not to mention what Bush is doing to our environment. Don%26#039;t get me started on all of this..makes me too mad.|||And currently it is around 4.6 % - So your point is that higher taxes creates a higher unemployment rate, right?!
Clinton did a fine job of riding the dot com reveunues and slashing the military and intelligence agencies budgets for only 3000+ lives on 911. Nice job slick willy.
Balanced budget = no security %26amp; 3000+ innocent lives killed!|||Here%26#039;s real numbers:
In 1996, under Clinton, unemployment reached 4.2% - the lowest since the Kennedy administration.
If you%26#039;d like to see how economic conditions were under presidents since WWII I strongly recommend this great article from Forbes Magazine (not a %26quot;liberal%26quot; source at all).
Even this business-centered magazine is willing to admit that the economy was the best it%26#039;s been under Clinton.
And the current unemployment rate is 4.6% (good, but it%26#039;s not better than Clinton). And while there is job growth, it at an annualized average of .4% - the slowest job growth during any economic recovery in history.
it is because when there is no umemployment, everyone has a job, everyone is happy, everyone has money. one way to inflation is when the firms can%26#039;t find new employees and have to take and %26#039;Steal%26#039; other employees from other firms; which is done by offering a higher salary. as this happens many times, people will make more money. so the cost of production can rise for each firm, so they have to increase revenue, and other firms see this increase in salary and revenue, and raise ther own prices. this chain of events can keep happening for a long time. which will lead to massive inflation.
other way of inflation in case of total employment, is when firms see that everyone is making enough money to live happy. and the products of firms can become inelastic as everyone can afford it. so they raise their prices to make more profit, which will cause another chain of events which will also result to a massive inflation.
so in conclusion, all the developed countries, are trying to keep the unemployment rate at between 2% and 3% in the economy. which is not too low but just perfect.
Why do most economists believe that a low unemployment rate will lead to higher inflation?
When the unemployment rate is very low the marginal propensity of consumers to consume is relatively high. Which means that the amount of money in circulation is relatively bigger compared with the amount being saved and thus being in the banks than when there is a higher unemployment rate.
I.e. means that everybody is taking out of his account more money at the same time, which means, that the banks are left with less cash. The same time people want to take on new credits in order to satisfy their wish for consumption.
The Fed tells the banks how much M1 or gold they need to have in reserve with them for every 1000$ they lend to someone, this is called the reserve rate. If the reserve rate were 10% the bank would need to have 100$ deposited with the fed for every 1000$ they lend, (less the money customers have deposited in their bank). So when the demand for credits goes up the commercial banks pressure the Fed to lower the reserve rate, which means they can give out more money in credits. The same time this means that the total amount of money in circulation goes up, while the amount of gold that is deposited as a reserve doesn%26#039;t grow. Basically a dollar note is a paper that declares that you have a single unit share in the countries gold reserves.
So if there was a small country that owned only on kilo of gold and there were 5000 1$note in circulation. Every 1$note would represent 0.2 mg of gold. If the country would now double the number of dollar notes issued each 1$note would be worth 50% less (by reducing the reserve rate) or represent only 0.1mg of gold.
So in order to provide the banks and the people with more money which they are willing to spend, as they feel save because they all have a job, and the economy is doing fine the Fed lowers the reserve rate which results in an inflation.
So inflation is actually not something that just happens but which is controled by the Fed.
Why do most economists believe that a low unemployment rate will lead to higher inflation?
loan
Everything in economics comes down to supply and demand, and when demand is high and supply is tight, prices go up. A low unemployment rate suggests that the economy is running full-out trying to keep up with demand, and that labor and other resources are stretched to the limit.
When the unemployment rate is really low (say 4.5%), it is assumed that employers are having a hard time competing with each other to hire and retain the available labor, and that they%26#039;ll have to resort to raising wages to get and keep people.
That alone doesn%26#039;t equal inflation -- it may just mean businesses will suffer lower profits. But in such a scenario, it%26#039;s likely that most other goods and services are also in tight supply. There%26#039;s huge demand for raw materials, for electronic components, for consumer products, etc. People buying things are also competing with one another just as employers do for hiring. The result may be that everyone, seeing this supply-demand situation, finds they can raise prices on their own products a bit. And THAT equals general inflation.
The low unemployment rate may just be more of an indicator of this kind of tight supply...or it could in time be the cause, as full employment leads to more people spending more money for things.|||In Keynesian economics, when there is an increase in aggregate demand, two things can happen: (1) either more resources are being utilized to produce more to meet the increase in aggregate demand - in other words, more labor is being employed, more raw materials are being used, and more of the economy%26#039;s productive capacity is being employed, or (2) when the economy can expand no further, prices begin to rise to meet the increase aggregate demand. When the unemployment rate is low, it is a sign that the country is operating at or near full-employment and most if not all the country%26#039;s productive resources and capacity are stretched to the limit. The only thing that can happen when this limit is reached is inflation.|||Because historically, this is what tends to happen...|||Low unemployment causes wages to rise and so increases demand and therefore prices if production does not keep pace. That the fed has suppressed wage growth for the last 30 years out of fear of inflation is partly responsible for the growing income inequality in the US. Economist assume that the rich will save extra income but working people will spend any increases so large wage increases to the super rich is not an inflation problem. Given that the savings rate has declined during this period their assumption appears incorrect. The US experience in the 50%26#039;s and 60%26#039;s which had low inflation, low unemployment, rapid wage growth, and high savings rates indicate that perhaps economist are wrong.
