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Low demand for products resulted in fewer job opportunities

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Q: What is a possible explanation for the high unemployment rate between 2008 and 2012?
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Continue Learning about American Government

When is West Virginia's Democratic primary?

West Virginia's democratic primary election will be held on Tuesday, May 13, 2008. You can vote between 6:30 AM and 7:30 PM.

Current national leaders 2008?

who were the national leaders in March 2008?

How many checks were written in the US in 2008?

over 70 billion checks were written in 2008

Largest porportion of federal revenues comes from?

45% of the federal revenue comes from Income tax36% comes from Payroll taxes12% comes from Corporate tax7% comes from Excise Tax4% is other sourcesNotes:In 2008 the federal government collected $2.5 trillion, an amount equal to 17.7 percent of GDP. Federal revenue has ranged from 14.4 to 20.9 percent of GDP over the past five decades, averaging 18.2 percent.Payroll taxes swelled following the creation of Medicare in 1965. Taxes for Medicare, combined with periodic increases in Social Security taxes, caused payroll tax revenue to grow from 1.6 percent of GDP in 1950 to more than 6 percent since 1990. Payroll taxes also include railroad retirement, unemployment insurance, and federal workers' pension contributions.Revenue from the corporate income tax fell from between 5 and 6 percent of GDP in the early 1950s to 2.1 percent of GDP in 2008.Excise taxes fell steadily throughout the same period, from nearly 3 percent of GDP in 1950 to 0.5 percent in recent years.The remaining sources of revenue have fluctuated less, together claiming between 0.5 and 1.0 percent of GDP since 1950 and standing near the bottom of that range in 2008.

What is a pledged delegate?

Have a look at CNN, Election Center 2008 I took the explanation from there: A pledged delegate is elected or chosen on the state or local level with the understanding that they will support a particular candidate at the convention. However, pledged delegates are not actually bound to vote for the candidate. Consequently, candidates are allowed on a state-by-state basis to review the lists of delegates who have pledged their support and can delete anyone whose support they consider unreliable. Hope this helps Mora

Related questions

What was the unemployment rate in 2006 to 2008?

The unemployment rate in the United States was around 4.6% in 2006, 5.8% in 2007, and 7.3% in 2008. This increase in unemployment was largely attributed to the global financial crisis that began in 2008.

What is Italy's unemployment rate?

The estimated unemployment rate for Italy is 6.8% (2008).

What is the 2008 unemployment rate?

It about 6.7%

By how many people did the unemployment rate increase in August 2008?

The unemployment '''''rate''''' from July 2008 to August 2008 increased from 5.80% to 6.10%. See the Related Link below.

What is the unemployment rate of Kyrgyzstan?

8.2% (2008)

What is the unemployment rate of Nepal?

46.0% (2008)

What is the unemployment rate of Mauritania?

30.0% (2008)

What is the unemployment rate of Lesotho?

22.7% (2008)

What is the unemployment rate for the high school dropout in 2008 for an associate's degree?

3.7 is the unemployment rate for the high school dropout in 2008 for an associate's degree.

What was the unemployment rate of Tamil Nadu in the years 2008 and 2009?

Unemployment is caused mainly by the increase of population.

Unemployment rate in cuba?

1.9 percent in 2008

What is Italy's unemployment rate in 2011?

6.8% in 2008