The rate of unemployment is equal to the number of unemployed people divided by the labor force. On the website bls.gov it is reported that, “Annual data on the labor force, employment, and unemployment in States and substate areas are available from two major sources—the Current Population Survey (CPS) and the Local Area Unemployment Statistics (LAUS) program.” As of February 2016, the current unemployment rate as shown by bls.gov is 4.9%. When you take into consideration that the natural rate of unemployment is between 4.7% - 5.8% and that our current unemployment rate is at 4.9%, we can determine that the current unemployment rate is at the low end of the natural rate of
(b) Prepare the year-end adjusting journal entry to record bad debts using the aged uncollectible accounts receivable determined in (a). Assume the current balance in Allowance for Doubtful Accounts is a $650 debit. Dr. Cr. (c) Assume that the company has a policy of providing for bad debts at the rate of 1% of sales, with Sales for 2008 being $55,000. Prepare the adjusting entry for bad debts under the percentage of sales basis.
States Where the Middle Class Is Dying. Retrieved June 21, 2015 , from 24/7 WallStreet : http://247wallst.com/special-report/2015/01/22/states-where-the-middle-class-is-dying/4/ John Frohlich writes the article “States Where the Middle Class is Dying” to detail the declining effects of the middle class for certain states. This report describes how the states detailed have suffered the greatest during the decline of the middle class. This article is considered creditable and relates to the research. Gary Koenig, M. D. (2015, June 23).
With the recession, people will not squander like they used to be. People would be willing to pay for what they want to purchase and the amount of spending would be reduced to a certain amount, so that they can get what they want. During the crisis period, the levels of the employment, poverty, inflation, lack
In ' 'The Twilight of the Old Consensus, ' ' Gordon provides a trace of the fiscal policy after the end of World War 1 and how it led to the shock experienced during the Great depression. Finally, in ' 'Keynesianism and the Madison Effect, ' ' Gordon argues that after the end of World War 2, economists relied on Keynesian deficit-spending theory to dictate fiscal and monetary policy. These chapters have been used to sum up the
To Kill A Mockingbird. New York City, Grand Central, 1976. Reis, Ronald A. Milestones in American History The Great Depression and the New Deal America’s Economy in Crisis. New York, New York, Infobase Learning, 2011, pp 68-69 University of Cambridge. Agricultural markets and the Great Depression: lessons from the past.
So, what is the situation of poverty in the United States? According to the National Poverty Centre, in 2010, “15.1% of all persons lived in poverty”. SOURCE: U.S. Bureau of the Census, Income, Poverty, and Health Insurance Coverage in the United States: 2010, Report P60, n. 238, p. 61. A sampling of the 2010 America Poverty Thresholds, as provided by the U.S Bureau of the Census
Unemployment happens when individuals are without work and effectively looking for work.  The unemployment rate is a measure of the pervasiveness of unemployment and it is figured as a rate by separating the quantity of unemployed people by all people presently in the work power. Amid times of recession, an economy more often than not encounters a generally high unemployment rate.  According to International Labor Organization report, more than 200 million individuals universally or 6% of the world 's workforce were without a vocation in 2012 There remains significant hypothetical civil argument with respect to the reasons, outcomes and answers for unemployment. Traditional financial matters, New established financial aspects, and the Austrian School of financial matters contend that market instruments are solid method for determining unemployment.
Bernstein, J. (2007, April 22). Is Education the Cure for Poverty? Retrieved December 8, 2014, from http://prospect.org/article/education-cure-poverty In this article written by Jared Barenstien is asking us the reader if education is the cure for poverty here in America. Barenstien listed how much of a difference in salary is made between a high school dropout and high schooled with an diploma.
Realities of the Recession and the Changing Workforce. Retrieved from http://www.pbs.org/newshour/bb/business/july-dec09/workforce_09-07.html) FAIR (2006) Projecting the U.S. Population to 2050: Four Immigration Scenarios. Retrieved from http://www.fairus.org/site/PageServer?pagename=iic_immigrationissuecenters7d78) Perlino CM. The public health workforce shortage: left unchecked, will we be protected? Washington: American Public Health Association; 2006.