Thursday, May 16, 2019

Current event on macroeconomics Article Example | Topics and Well Written Essays - 500 words

Current event on macro economicals - article ExampleThe article indicates that in 2013, northeastward Carolina was the only state in US where the jobless were non provided with the extended benefits yet the state registered had one on the largest improvements in market performance as healthy as economic growth (John 16). US Bureau of Labor indicated that in the second half of 2013, the payroll department jobs in North Carolina rose by 1.5% comp bed with 0.8% rise in jobs opportunities nationally. Similarly, the unemployment rate in the state dropped by 17% while the nationally it dropped by 12%. Despite the dropping labor force in North Carolina in 2013, it started to rise again in the first quarter of 2014. This article indicates that from June 2013 up to June 2014, North Carolina employment population ratio increased three times more than that of national average. Thus, it is an indication that by ending the extended benefits program, it led to job creation as well as job acce ptance. celebrated macroeconomic concepts that are covered by the article include unemployment and extended benefits programs. Extended benefits entail the payments that are available to employees who have exhausted regular employment insurance benefits. During the periods of high unemployment, the states provides weeks of benefits, a vital economic strategy that aims increasing the consumers purchasing power as well as the aggregate demand. After expiry the American Taxpayer Relief Act of 2012 and the signing by the President, the deadlines for the Emergency Unemployment Compensation were extended to December 2013. However, the minute did not affect the number of weeks of benefits available under the Emergency Unemployment Compensation. According to the Department of labor, the federal governing body budgets reduction referred to as sequestration may affect the residents unemployment insurance benefits in the week ending October 6th. The government has directed the Department o f labor to reduce by 7.2% the payments of individuals who are receiving the

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.