economic situation fall 2011
DESCRIPTION
Economic Situation Fall 2011. Ryan Dover, Amanda Eddie, Emily Knapp, Brandon Palmer, Mike Shields. Introduction. 13 Recessions, since Great Depression Oil prices 1970's Tech stocks 1990's Subprime mortgages Job lag Poverty Unemployment . Recession. - PowerPoint PPT PresentationTRANSCRIPT
Introduction
• 13 Recessions, since Great Depression• Oil prices 1970's• Tech stocks 1990's• Subprime mortgages• Job lag• Poverty• Unemployment
Job Growth
http://www.cleveland.com/datacentral/index.ssf/2010/10/us_job_growth_and_loss_under_p.html
Jobs Program
• Keynesian Fiscal Stimuli• Payroll Tax Cuts• New Demand
Increase GDP Creation of More Jobs
http://www.msnbc.msn.com/id/44489655/ns/business-eye_on_the_economy/
Job Outlook
• Positive • Not Drastic• Added 1% by
2014• Slow Recovery
http://www.usatoday.com/money/economy/story/Jobs-Forecast-2011/34083932/1
Poverty on the Rise
According to Census Bureau data, the U.S. poverty rate rose last year to 15.1 percent, the highest level in 17 years.http://www.npr.org/2011/09/13/140438725/census-2010-saw-poverty-rate-increase-income-drop
Typically, “job leavers” comprise about half of total unemployed. Today, “job losers” account for a
much higher portion.