In assessing an economy's health, the nation's unemployment rate plays a major factor in setting monetary policy and making strategic economic decisions. There are various ways to calculateunemployment, however, the general public is most familiar with the U-3 rate. The calculation for this itera...
What Is an Exchange Rate? An exchange rate is the value of a nation’s currency when it is traded for another currency. The relative strength or weakness of a nation’s currency has a strong impact on its trade with other nations, on its tourism industry, and on the prices its ...
it brought him back through a “contingent workforce company,” essentially a temp agency, that’s now contracting with George to do the work. In return, the agency is taking a chunk of George’s hourly rate.
Unemployment Reached 25% The Great Depression affected all aspects of society. By its height in 1933, unemployment had risen from about 3% to nearly 25% of the nation’s workforce.Some workers who kept their jobs saw their wages fall, many others had to work lower-paying jobs that they wer...
As Wraypointed out, “Since WWII we have had the longest depression-free period in the nation’s history. However, we have had nine recessions, each of which was preceded by a reduction of deficits relative to GDP.” This directly results from the impact of large swings in the federal gov...
after emerging from a painful recession. If the intent had been to put pressure on the Russian economy, officials in Washington would have directly imposed sanctions on institutions such as Gazprom, Lukoil and Rosneft in the all-important oil & gas sector, or Sberbank, the nation’s largest ba...
New York State's 5 Most Dangerous Roads [RANKED] With plenty of big cities and numerous busy highways, it should come as no surprise New York state is unfortunately home to some of the most dangerous roads in the nation. While you would expect New York City to be the home of such road...
Thank you for the information. Bypharmchick78— On Oct 09, 2010 Why is it called frictional unemployment? I don't really get the frictional part -- where's the friction? Also, are those who are unemployed because of this reason -- students, craftspeople, etc, are they called "frictionall...
The U.S. unemployment rate as of July 2024 was 4.3%.5 Inflation (or Deflation) Inflation in consumer prices is measured and tracked so that problems in the economy can be pinpointed. If the rate of inflation is outpacing the rate of income growth, the economy is in trouble. Inflation ...
The money supply is the entire stock of a nation's currency and other liquid instruments in circulation at a given time. more What Is the Dutch Disease? Origin of Term and Examples Dutch disease is an economic term for the negative consequences that can follow a spike in the value of a ...