• Research Paper on:
    Types and Sources of Unemployment and Their Impact on the Economy, 1Q2000

    Number of Pages: 5

     

    Summary of the research paper:

    This 5 page paper discusses some of the types and sources of unemployment, particularly as it relates to the economy overall. The writer argues that the economy is being described as having recovered from recession, and that unemployment is also described as improving. However, it is unlikely to ever return to pre-September 11 levels. The writer also argues that the jobs that are being created today tend to be skilled, not semiskilled factory positions. There are 5 sources listed in the bibliography.

    Name of Research Paper File: CC6_KSunemp2002.rtf

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    Unformatted Sample Text from the Research Paper:
    stock market was uncertain but holding its own, and many of the nations largest companies were announcing disappointing second quarter business results. After the longest period of economic expansion  known in modern times, the US economy had entered a decline that some were saying was a recession. Others were not as quick to use the dreaded "R" word,  and pointed to strong performance in several sectors. No one was able to remain in denial, however, and the US officially entered recession  following the January 2002 announcement of business results in 4Q2001. The effects of the recession have been easing for some weeks, and it appears that the recession has been  mild and now is over. Unemployment is one of the last economic indicators to recover, however (Barkey, 2002), and unemployment rose again in March 2002 to a national rate  of 5.7 percent. Current Unemployment The current picture of unemployment is far from straightforward.  Direct and dramatic changes can be blamed on the recession, but the fact is that there are systemic changes occurring in the US economy. Manufacturing continues to decline as  the face of business continues to change. Business is more competitive than ever before, and increasing numbers of manufacturers have moved their manufacturing operations off shore as they seek  to improve internal efficiencies. This shift is a normal one in a mature economy, indeed one indicator of maturity of the economy is a gradual and continual shift from  manufacturing to service. This is indeed the situation that has existed in the US since the late 1970s. "From January 1997 through 

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