Sunday, November 8, 2009
Behind the Jobless Rate
This article contains interactive graphs. Click the numbers (1-8)on the right to view the specific graphs. What do you infer from these graphs?
Subscribe to:
Post Comments (Atom)
skip to main |
skip to sidebar
Welcome. This is a blog dedicated to the students enrolled in the CSHS AP Economics classes. Click on the title of the article, read, and click comment.
Favorite Links
Followers
Blog Archive
-
▼
2009
(21)
-
▼
November
(9)
- How Did Economists Get It So Wrong?
- Wave of Debt Facing US Government
- Developing Countries Voice Complaints About Chines...
- Fixed rates and protectionism
- Paying More For Flights Eases Guilt, Not Emissions
- Lump Sum vs. Per Unit Cost in 60 seconds
- Monopoly graph in 90 seconds
- Who are the unemployed?
- Behind the Jobless Rate
-
▼
November
(9)
I certainly think that the recession being techincally over does not fix our economy over night, but that's something I think is universally thought among us. Keeping this in mind, I think we will follow a similar path of unemployment recovery from the recession of the 80s, but I think in order to get our employment to it prerecession status, we need to bring industry back to America. In other words; stop outsourcing so much. I think the most feasible opportunity at the prsent moment to bring industry back to America is gree energy. If the U.S. can become a world leader in the development and production of green energy and green energy related outputs, our employment rate would return to normal in a much shorter period of time and hopefully our economy would restabilize.
ReplyDeleteThe graphs and pictures give accurate numbers as to the current unemployment in the United States, and compared it to unemployment in the past. Not only are people out of work, but they have been for some time, and that the unemployment rate has skyrocketed over the past few years. The graphs also reveal that when the unemployment rates were this high in the past, in 1982, it took practically 5 years for the rates to go down.
ReplyDeleteSo as to what this all means, is that even though we can celebrate the 'end of the recession', the unemployment issue is bigger than many people realize. This isn't just going to go away overnight, and it can't be swept under the rug. Someone needs to start a business that will jumpstart our economy and create jobs. Garret's idea to develop green technology is definitely a start, because it's something with great prospects and will be huge.
Whatever solution we come up with, it's evident it isn't going to cause an instantaneous change in our economy.
I think that these graphs are very accurate. When people think about the economy they do not take into account the unemployment rate and how it effects it. Most people look at whether they have a job or not and not at how many people do not have jobs. This causes fewer people to spend money, which lowers cash flow. We then have other countries make things because they have cheaper labor then we do. When we send items to other countries. The result is, decreasing jobs in the U.S. and higher unemployment. As Christina and Garrett said, we need new businesses to open so that there will be more jobs. It will then cause more people to spend money, which will help the market. Now that the economists and the news have said that we are out of the recession people think that the market will all of a sudden get better, but do not understand that it won't. I think that it will take at least 3-5 years if not more to bring the market back up and the unemployment down. I believe that it will be close to what happened in 1982, but hope that we will recover faster.
ReplyDeleteWait wait wait.. I thought someone promised that if we passed the "Stimulus" Bill that umemployment would not go over 8% Hmm. Oh yeah, that was the Statement made by the very accurate Obama Administration. This is unaccetable, and should be a wake up call for those who champion the "Stimulus" and those who feel like the government is the answer to the worlds problems. We need to be looking at free market solutions and promoting Small Business.
ReplyDeleteOur economy is obviously in trouble. Unemployment rates are higher than they've been in a long time, and these graphs show that. The graphs compare today's statistics to those of the past. Everyone is right. This should be a wake-up call. Something must be done to jumpstart the economy again and create jobs.
ReplyDeleteThese graphs are definitely an eye opener, and depicts an accurate amount of unemployment. Not only do they illustrate today's statistics, but they compare them with previous ones. One of the messages I took from them was that no matter what we do that is intended to aid the economy, we will unfortunately not be able to see the impact of such actions decreasing the unemployment rate for another 5 years.
ReplyDeleteThat was really cool, informative, and fun. More articles like this please?
ReplyDeleteI think we can infer that we're going to be screwed like this for a long time, and that we should laugh when the radios and televisions tell us that everything is back to "normal". I guess they have a very different definition of normal than the rest of us.
The graphs truly show the average man how great unemployment is today as an effect of our economic downturn. Many people don't feel the effects of our bad economy because they themselves, job-wise, have not been affected. But it's there, it's real and we have to deal with it. The comparison of unemployment to previous years shows the actual change for many who,again, do not see it.
ReplyDelete