Unemployment in the U.S is a huge issue.
The US' trade deficit is a major concern as it directly affects the economy. This is the among the gauges used to judge the competitiveness of the US economy.
The United States has the world's largest economy by a large margin.
According to the US census conducted for the years 2008-2010, the median income was $53,000.00. Since then, the US economy has not grown substantially due to the depression and unemployment.
Macroeconomic factors are the factors which affect the wider economy. In other words these factors seems to summarize the picture of economy. For example, unemployment, inflation rates, GDP etc. All these tell us about the story of whole economy.
Asia
The US' trade deficit is a major concern as it directly affects the economy. This is the among the gauges used to judge the competitiveness of the US economy.
unemployment
Earthquakes in the middle US states are a concern because the fault line there could lead to the highest loss in economy due to a natural disaster.
The United States has the world's largest economy by a large margin.
The unemployment rate in the US in 1928 was around 4.2%. This was before the Great Depression, and the economy was experiencing a period of growth and prosperity.
The US has a better economy. The economy of the US is approximately six times the size of England's and is currently growing 1% faster than England's as well. The unemployment rates are virtually equal (although the US obviously has more unemployed people due to having a larger population) at 7.8%.
According to the US census conducted for the years 2008-2010, the median income was $53,000.00. Since then, the US economy has not grown substantially due to the depression and unemployment.
Macroeconomic factors are the factors which affect the wider economy. In other words these factors seems to summarize the picture of economy. For example, unemployment, inflation rates, GDP etc. All these tell us about the story of whole economy.
No they couldn't, because the US had larger population, more resources, and bigger economy.
It is well known that in a free market economy, such as the one in the US, 100% employment is not realistic. The measure of a healthy amount of unemployment is based on prosperous times and the steady amount of unemployment that goes along with it. Using that as a criteria, then an unemployment rate of 4.5 to 5% is normal and expected. The lower the better of course.
The Official Unemployment rate (U-3) in US for August 2011 was 9.1.Below are the other unemployment rates in US for August 2011 :U-1 Unemployment rate : 5.4U-2 Unemployment rate : 5.3U-3 Unemployment rate : 9.1U-4 Unemployment rate : 9.7U-5 Unemployment rate : 10.6U-6 Unemployment rate : 16.2
Well I personally think that if the unemployment issue is not resolved then i do think that we will be seeing another Great Depression. Since our economy has grown and we have more jobs we will be seeing a Depression that only a war will bring us out of.