09
02/11
NEW YORK (CNNMoney) — Unemployment has tumbled by nearly a full percentage point in the last two months, even though employers didn’t hire many people.
That’s a neat trick which puzzled economists and investors trying to make sense of the closely-watched government report Friday. (more…)
03
09/10
Introduction To World EconomyAfter the recession of 2008, the world economy is seen on a revival path since the second quarter of 2009. It is seen as an outcome of revised policies introduced in after the recession stepped in. Yet, the recovery is not uniform across the globe and is not robust enough to provide positive stimulus.
The recession of 2008-09 was created by financial institutions and they were the worst hit. However, the cascading impact can be seen in all the economies. The foreign direct investments have gone down drastically because of funds crunch. Lack of foreign investments has dried the resource pool and many projects had to be scrapped. It had direct impact on trade and productivity declined in the absence of financial resources and led to massive lay offs adding to the unemployment rate. The number of unemployment has doubled in United States since 2007. However, the job losses are mostly in the manufacturing and export oriented sector. Labour markets are expected to remain weak in 2010. (more…)
19
02/10
What is a an Economic Depression?
An economic depression is a severe downturn that lasts several years. Fortunately, the U.S. economy has not experienced an economic depression since The Great Depression of 1929, which lasted ten years. (more…)