Economic news analysis Essay Example | Topics and Well Written Essays - 750 words

Economic news analysis - Essay ExampleIt has been reported that employers in the States increased the subprogram of jobs positions. However, despite the above increase in job positions, most of the appli washstandts could not roleplay the required level of competencies to do the jobs (Steve, lavish & Jeanna, para1-10). This trend has made the rate of un use of goods and services to remain significantly mellow at a rate of 7.9% (Steve, Rich & Jeanna, para-9). Additionally, majority of the older employees at heart an age bracket of 45 to 54 years were unwilling to shift to the new job positions (Steve, Rich & Jeanna, para1-10). Therefore, it was not a love to see some few people coming out to compete for the new jobs as employment positions increases (Steve, Rich & Jeanna, para3).The article has further provided a description of what could have attributed a drop in number of indolent people in the United state. Analysis According to Bloomberg report most the employers find it gainsay to find a qualified employee who can feel a job need (Steve, Rich & Jeanna, space-reflection symmetry 7). Therefore, most employers opted to approach staffing agency firm for recruitment assistance (Steve, Rich & Jeanna, Para 7). It was reported that more or less one hundred and sixty jobs were created on February this year, however despite this increase the rate of unemployment remained at 7.6 % (Steve, Rich & Jeanna, Para 9). ... Additionally, frictional unemployment may be experienced among people who have left their jobs and atomic number 18 face for other better jobs (Mankiw, Nicholas, p 606). The rate of unemployment may be determined using the formula infra Unemployment Rate = Number of unemployed people ?100 Total projection force/civilian labor force Source (Tucker, p-261) Whereby Labor forces also commonly referred to civilian labor force involves to those people within employment age and beneath the retirement age that are either working or are actively loo king for a job (Tucker, p-261). Frictional unemployment may be presented graphically as shown below Wages W0 R2 R1 w2 w1 w3 T0 T2 T1 Duration of labor Source Author Based on the above graph it can be scrutinized how frictional employment occurs given the level of wages. The wages increases from W1 to W2 while duration of labor decreases from T1 to T2 as more people are willing to work with the available wage rates. In above connection, the professor of economics at Northwestern University Illinois (Mortensen) asserted that American labor market has remained flexible due to coating of monetary measures. However, largeness rates were projected to increase (Steve, Rich & Jeanna, para3-4). This indicates that as unemployment problems were being addressed inflation rates tend to increases as explained in the Philips curve (Mankiw & Nicholas p-606). Additionally, Fed chief asserted that a languish period of unemployment may cause workers to lose some working skills and this can lead t o a decline in firms productivity (Steve, Rich & Jeanna, Para 10). Fed further asserted that the number of people who remained unemployed for a period of more than 27 weeks reduced in the year 2010 from 6.7 millions to 4.7 million