Unemployment and the Great Recession Essay - 1516 Words

The largest cause of unemployment can be attributed to recession. The term recession refers to the backward movement of the economy for a long period. People spend only when they have to. (Nagle 2009). With people spending less there would be less money in circulation therefore, enterprises would suffer financially and people would suffer too. This is so because recession reduces the fiscal bases of enterprises, forcing these enterprises to reduce their workforce through layoffs. These enterprises lay off their workers in order to cut the costs they incur in terms of wage and salary payments. However, this move is not always a wise one because when an enterprise has fewer workers it would reduce its productivity which would mean more†¦show more content†¦In 2011, the rate of unemployment is at 9%. Although there is a decline it has been rather slow. Financial analysts predict that unemployment rate would drop to 8%. Even for the people who still have their jobs the hours that they work have been reduced since then. With reduced hours the productivity of the workers would not be fully exploited which in the end, affects the economy. This is so because with a small fiscal base the economy has not been able to recover from recession fast enough. Although there have been positive growths in the employment rates these growths are barely enough. They do little to help in the dire situation. This only means that joblessness is something that the population would have learned to live with. The minority communities like Africans have tasted the worst impacts of recession. This is so because unemployment rates are highest within these communities. By the year 2010, the unemployment rate of the African population in the United States stood t 16.1%. These groups have been hit most because the level of education among the majority of them is low, compared to that of the dominant population. Language barriers can also, be considered a cause. As a result of, the growing unemployment, these groups have turned to crime. For instance, the black population is branded as violent. It is true thatShow MoreRelatedA General Slowdown In Economic Activity, A Downturn In1664 Words   |  7 Pagesare characteristics of a recession. A recession has a domino effect, where increased unemployment leads to less growth and a drop in consumer spending, directly affecting businesses, which lay off workers due to losses. A recession occurs when there are continuous (two or more) quarters of negat ive gross domestic product growth (GDP). In plain english this means, that economic growth slows down during a recession. Data showing an economy experiencing a period of recession include a fall in revenuesRead MoreThe Beginning Of The Great Recession1392 Words   |  6 Pagesa. The Beginning of the Great Recession The definition of a recession is this: a significant decline in general economic activity, typically involving two consecutive quarters of decline in gross domestic product (GDP). In December of 2007, the American economy experienced an event of this nature—the Great Recession. This global financial crisis stemmed from what seemed like an isolated disturbance within the subprime US housing market but transformed into a catastrophic event. The GR officiallyRead MoreRunning Head: Great Recession 1. Great Recession5. . .884 Words   |  4 PagesRunning head: GREAT RECESSION 1 GREAT RECESSION 5 Great Recession Name Institution Great Recession There are times when a nation undergoes economic hardship for a long or short period of time. The recession is the term used by economists to define this period, it is a time when the nation?s economic GDP is low for more than two quarters consecutively (Beckworth, 2012). Recession often results in plunges in the stock market, unemployment, housing market, and a decrease in the qualityRead MoreThe Great Recession Lasted From December Of 2007 Until1229 Words   |  5 PagesThe Great Recession lasted from December of 2007 until June of 2009, making it the longest recession since World War II. During this time, gross domestic product (GDP), inflation, unemployment, and interest rates were all greatly affected. The previously mentioned metrics are used to compare today’s economy to the economy during the Great Recession to see how the United States has rebounded since 2009. Monetary and fiscal policies were also implemented to combat the recession, and their effects determineRead MoreThe Success Of A Recession1418 Words   |  6 Pagesthe road. For example, a recession is not something that just happens over night. In the event leading up to a recession, there are many factors and every recession is unique in their own way. As for the great recession in 2008, the causes included subprime lending, and greed amongst lenders and borrowers. Before jumping straight into the causes of the 2008 recession, first you must be informed of the history in previous recessions America has had to face. Since the Great Depression ended in midRead MoreFederal Reserve Should Raise The Federal Funds Rate1467 Words   |  6 Pagesrates when the unemployment rate was under 5% and inflation was at a target of 2%. Enigmatically, since the Great Recession and despite a strengthening economy, year-over-year total inflation since 2008 has averaged only 1.4%—as measured by the Personal Consumption Expenditures Price Index (â€Å"PCE†). Today, PCE inflation is at 1-1.5% and has continuously undershot the Fed’s inflation target of 2% three years in a row. (Evan 2015) In the six years since the bottom of the Great Recession the U.S. economyRead MoreThe Great Recession Essay1692 Words   |  7 Pageshistory are doomed to repeat it. This quote applies to the Great Depression of 1929 and the Great Recession of 2008. There are many similarities between the two, like the causes, the actual events, and the aftermaths. Several factors led to the Great Depression, which were the following: overproduction by business and agriculture, unequal distribution of wealth, Americans buying less, and finally, the stock market crash of 1929. The Great Recession also had similar factors leading to it, like the housingRead MoreThe Rate Of Gross Domestic Product And Unemployment863 Words   |  4 PagesProduct and Unemployment Of an economy† The economic power of an economy is what truly enables it to be a global ruler; furthermore a strong economy means the people are employed, successful and thriving. The best way to measure the economy’s current health is to just take a look at their Gross domestic production and unemployment rate. A strong economy stands for global dominance and influence, resulting in high standards of living, decreased unemployment, and prevention from recessions, depressionsRead MoreResearch Paper on the Recession of 2007-20091672 Words   |  7 Pages| Research Paper on the Recession of 2007-2009 | Cynthia Funes | | American Government 2301 | 9:40-11:40 A.M. | Mr. Jacobs June 28, 2011 | Everybody in the United Stated was affected by the recession that began in December of 2007 and spanned all the way to June 2009. Even though the recession is over, many people are still being affected by it and have still not been able to recover from the great recession. â€Å"The recent recession features the largest decline in output, consumptionRead MoreDemand Side Policies And The Great Recession1191 Words   |  5 Pages DEMAND-SIDE POLICIES AND THE GREAT RECESSION OF 2008 TIMOTHY W. AUSTIN AMU/APUS ECON102 MACROECONOMICS DR. FREDERIC BOUCHET MARCH 25, 2016 INTRODUCTION According to Investopedia, â€Å"a recession is a significant decline in activity across the economy, lasting longer than a few months.† Technically a recession is viewed and measured by evaluating and verifying negative growth in a nations’ Gross Domestic Product (GDP) for two successive quarters. A recession can be seen when there is a decline

The Events Of September 11th - 1646 Words

One of the most controversial events ever to occur is still being talked about to this day. September 11th, 2001 will forever go down in history as one of the most tragic disasters to hit the United States of America. It was heartbreak for all of us to see those towers fall and thousands upon thousands of American lives destroyed. One might ask themselves; didn’t everything get explained a little too quickly? Why did everyone so quickly forget the details to this tragedy? The events of September 11th, 2001 are surely going to be remembered for its brutal truth and will always remind us of the hate that we as humans can create. The events of September 11th happened so fast that lots of details were overlooked but now, six years later one can finally take a breath and really look into what happened. The inevitable outcome is simply that George W. Bush and his government secretly put together the events of September 11th to rally the support of the U.S. citizens on many issues. T his is such a strong accusation to make but a little common sense and evidence can quickly refute that our president is anything but a human being. What really happened to the World Trade Center on September 11th? One of the most confusing things about the tragedy of September 11th is the collapsing of the World Trade Center’s. The World Trade Center’s collapse in such a short amount of time that any human with simple common sense would raise an eyebrow as to why. How many buildings in our historyShow MoreRelatedThe Events That Happened On The 11th Of September1999 Words   |  8 PagesEdwina Jones Candace Taylor English 12 September 1st September 11th The event that happened on the 11th of September were a series of four coordinated terrorists attacks by the Islamic terrorist group al- Qaeda and Osama Bin Laden, on the United States on the morning of Tuesday September 11, 2001. 19 militants associated with the Islamic extremist group al-Qaeda hijacked four airliners and carried out suicide attacks against targets in the United States. Two of the planes were flown into the towersRead MoreEssay about A National Tradegy648 Words   |  3 PagesTragedy In September 11th- A National Tragedy, James Peck writes about how the tragic event, September 11th has affected our world today. Peck states that tragedy is a word that has commonly been overused by Americans throughout news articles and magazines when a significant event happens. When referring to September 11th, the crashing of the twin towers, this is a tragic event. Peck states, â€Å"I do know life is life and theatre is theatre† (735), but we as Americans immediately turn life events into narrationsRead MoreThe Bombing Of The United States1463 Words   |  6 PagesSeptember 11th, 2001, the United States of America was attacked on its soil when alleged Al-Qaeda members hijacked four passenger planes, Boeing 757s. Two planes flew into the North and South Towers of the World Trade Center in New York, one plane flew into the Pentagon, and the remaining plane was possibly targeting the White House or the Capitol but was unsuccessful. People all over America felt an utter shock and disbelief after this tragic event as people demanded answers. After the terroristRead MoreTerrorist Attacks On The United States1453 Words   |  6 Pages September 11th, 2001, alleged Al-Qaeda members attacked the United States of America with four passenger planes, Boeing 757s. Two planes flew into the North and South Towers of the World Trade Center in New York, one plane flew into the Pentagon, and the remaining plane was possibly targeting the White House but was unsuccessful. People all over America felt an utter shock and disbelief after this tragic event as people demanded answers. After the terrorist attacks, a portion of AmericansRead MoreThe September 11th Attacks And Its Impact On The United States1155 Words   |  5 Pages The September 11th attacks became a turning point in the evolution of security systems and models in the United States. These horrific events also challenged the security status quo around the globe. The current evidence suggests that the level of planning in the September 11th attacks was truly unprecedented. The complexity of the activities, systems, resources, and decisions involved eventually tr anslated into a terrorist attack of enormous scope and magnitude. The September 11th acts of terrorismRead MoreGeorge Bush: Congress and 9/111290 Words   |  6 Pageswield power in times of peril. In this time, saw the role of congress diminish, while on contrary expanding the power of the executive. Following the events of September 11th, 2001, which change the setting of the presidency and congressional relationship.By means of manipulation, deceiving, bypassing congress, and using the crisis of September 11th to greatly expand the power of the executive branch, while diminishing the role of congress. Although the threat of Al-Qaeda is prevalentRead MoreEssay on The 9/11 Conspiracy1711 Words   |  7 Pagescontroversial events ever to occur is still being talked about to this day. September 11th, 2001 will forever go down in history as one of the most tragic disasters to hit the United States of America. It was heartbreak for all of us to see those towers fall and thousands upon thousands of American lives destroyed. One might ask themselves; didn’t everything get explained a little too quickly? Why did everyone so quickly forget the details to this tragedy? The events of September 11th, 2001 are surelyRead MoreThe Attack Of Osama Bin Laden On The World Trade Center876 Words   |  4 PagesTuesday, September 11th, 2001 was a morning of heinous and catastrophic events that took place on United States soil. The attacks ordered by Osama Bin Laden on the World Trade Center will be remembered throughout time, not only by those affected first hand but also those who witnessed it with their own eyes or through a television screen. The single most impressionable event on that fateful morning was the attacks on the World Trade Center, also known as the Twin Towers, in New York City. â€Å"TheRead MoreWhat Happened in September 11th, 2001 Essay889 Words   |  4 Pages September 11th, 2001 What happened on September 11th, 2001? A day that will be remembered and never forgotten, a day that many innocent people died because of a terrible tragedy that happened on September 11th, 2001 at the World Trade Center in New York City. To many people it probably just looked like another regular work day, but didn’t expect the worst that day. On September 11, 2001, nearly 3,000 people were killed in the terrorist attacks at the World Trade Center in New York City (†11Read MoreThe Cold Disturbing Day Of September 11th1630 Words   |  7 PagesOn the morning of September 11th, 2001 at 8:45am a hijacked plane stuck the first building of the World Trade Center causing the building to go up in flames and viciously forcing out the citizens who occupied it at that time. Just over an hour later a second hijacked plane crashed into the second building, having the same effect. Another tragic event took place at 11:26am when a third plane collided into a ration of the Pentagon in Washington, DC. The day of September 11th, nearly 3,000 people lost

Milk and Honey by John Lennon free essay sample

John Lennon: a name that will always be etched into the minds, souls, and hearts of millions of people, young and old, across the globe – and rightfully so, at that. Lennon’s musical prowess had always been present, up to his assassination in 1980, but is there proof that his legacy followed after his tragic death? The artist’s posthumous album, Milk and Honey, suggests that this is true. Released in 1984, four years after the former Beatle’s death, the album peaked on the UK, Swedish, and Japanese album charts at number three. Due to the sudden passing of Lennon, Yoko Ono (who has some of her own works on the album, just as she did on most of the albums the pair worked on together) spent three years working on finishing the album. Lennon was known for being a poetic disaster; speaking his mind when he felt it was convenient for him, and he encouraged others to do the same as well through â€Å"bed-ins† and controversial interviews. We will write a custom essay sample on Milk and Honey by John Lennon or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page He spoke to listeners through raspy and tight vocals and lyrics that almost always revolved around one of two things, or sometimes both: love and society. Ono and Lennon both had an equal six songs on the album, taking turns, it seemed, on projecting their innermost feelings and thoughts onto tracks in rhymes and carried out syllables. If you know anything about Yoko Ono, you would know that she has her own unique way of singing†¦ or howling. The exotic aura is clearly present in her works, which gives the entire album an authentic, Asian twist that very few cared for. Ono’s presence with Lennon had always sparked up some issues in pop and music culture, but by the time this album was released (especially since there had been several albums released prior to this one in particular that she was featured on as a lead vocalist) most of Lennon’s fans had gotten used to it and tolerated it. The first time I had heard a song from the album, I was sitting in my room with the ever-so cliche fairy lights around the ceiling and Spotify was playing songs from my most frequently used ‘John Lennon Radio’ station. The song was â€Å"Nobody Told Me,† perhaps the most well-known piece from the album. The single was one of the incomplete songs due to his death and was originally recorded for former bandmate Ringo Starr for his own album, but of course never made it. As most of Lennon’s lyrics do, the words seem a bit nonsensical at first listen, but the more I listened and paid tender attention to the words, the more I understood. The line Nobody told me thered be days like these. Strange days indeed; most peculiar, mama, is in contrast to the saying of My mother told me thered be days like this. With the exception of some almost incoherent words, provided by Yoko Ono, the album in its entirety is a legendary Lennon work, as was most of his work post-Beatles. I find myself playing the vinyl record often in a candle-illuminated room to let my mind take its own path for the thirty-six minutes and forty-nine seconds the album runs for. I fell in love with the album from the first second I heard a single note from the album, and I continue to fall in love with every piece written and sung by Lennon – no matter how many times I’ve heard the track before. He had a certain way of getting you to shut up and pay attention, all while somehow remaining as charming as can be during his gentle yet aggressive rants that he put to a tune and sung his heart out to.