Economic Recession - Impacts Of Economic Recession on Employment Nowadays

Much is said about the current recession. People complain about how the economic crisis makes your life worse. The economic recession often refers to two quarters of negative economic growth. A severe recession lasting more than two years, is a depression.

A recession is marked by rising unemployment, increasing debt burden of the state, reducing the share and stock prices and under investment. All these financial crisis features affect people.

People have a basic understanding of the negative impact of recovery. But how does an ordinary consumer to maintain employment crisis particularly affected, it is not really clear.

John Schmitt and Dean Baker released a new report on the possible impact of recession as the expected economic impact for the next recession this year. The 2008 report of the recession in the United States is perceived to increase the national employment rate from 2.1 to 3.8 percentage points. This is equivalent to 3.2 million and 5.8 million unemployed Americans. Calculated Risk contained in this report and the history of U.S. recession, which is based on the economic crisis, how high the number of unemployed persons increased measured.

Based on the history of U.S. recession, there were a handful of times when the unemployment rate rose to enlargement.

Unemployment rose from 0.5 percent and there have been cases this will be less. The essence of these scenarios, if the country is in recession. When the unemployment rate reached 0.6 percent, the economy, which is described in a recession. This year, the U.S. unemployment rate about 1.1 percent.

Economists have not yet been officially marked a downturn in the U.S. as an economic recession. Amid falling home equity, the rising cost of food, health and housing to an alarming number of unemployment that economists still argue that there is still a developing economy, though small. We saw no need for an official announcement really feel the recession coming in

According to the Miami Herald, the unemployed receive from despair. The number or people out of work for six months or more increased by 160,000 between July and August. There is a 10.7 per cent of people who want to make a full time job but is unable to do so. Given the lack of jobs.

No matter when you have a college degree under his arm. This year's graduates also face the highest unemployment rate since 2004, with 2.7 percent. Meanwhile, 9.6 percent of high school graduates are unemployed and this figure is also higher growth rate since 1996.

Most job losses in the manufacturing sector lost 61,000 jobs this year. In manufacturing, the Miami Herald reported losing 20 percent of employment, despite the increase in export figures.

Even if the salary or wages increased 3.6 percent compared with 2007 levels is not sufficient in comparison with the rapid increase in raw material prices. The consumer purchasing power remains low. Food and beverage costs are 5.8 percent more than in 2007.

For those who were initially employed and lucky stars, there are still soft. Companies are already reducing health insurance for their employees. Today, $ 694 and $ 3281 respectively, according to the latest data from the Kaiser Family Foundation.

Depression is something that was very important to be difficult for everyone. We hope that the economic reality should be recognized immediately in order to adequately address and resolve.