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Unemployment Status During Recession

July 16, 2009 | Business News | Comments (0)

Economic recession is a general slow down of economic activity. The recession is all over the world and the result is the increasing percentage of unemployment rate.  Many reports and studies can show how much we affected with this economic problem.

The Reuters poll report says that last June 2009 the unemployment rate in US rose up to 9.6 percentages. It was the highest rate since 1983.  Last May 2009

The record was 9.4 percent. The report showed that a labor market is struggling because of recession. The point of comparison was on 1983, wherein US also experienced economic recession, but the Reuters said that this year was still the highest.

Whoever saw the statistics, will surely comment that this is one of the worse economic and unemployment situation. Many people are not sure if they will still be employed to their company for the next 2 (two) months. As the circumstances showed that not even a regular employee is safe to their job,

Institutions are finding ways on how to prevent their respective companies from shutting down, as many big companies closed within this year only. As a result, some of them are controlling their work force. They are cutting down the number of their employees by force resignation, force leave and early retirement. They will think that it is better than ending up of company closure.

Most of the populations are affected with the labor problem, but there are few who are somewhat impinge on to the issue. They are those people who are at the least affected countries. Look to the listed data below, they generated through research.

Here are the short lists of the most affected countries (not in order)

  1. United states
  2. Germany
  3. Middle east
  4. Japan
  5. Canada

Least affected countries

  1. Australia
  2. China
  3. Singapore
  4. Hongkong
  5. New Zealand

Groups that are most affected of unemployment (not in order)

  1. Young people (new graduates)
  2. Undergraduate (those who did not finished their studies)
  3. factory worker
  4. real state agent
  5. Those people who are residing at depressed areas

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The Role Of Real State Industry To The Global Recession

July 2, 2009 | Business News | Comments (0)

Real state also known as real property, pertains with land and everything attached to it such as house, condominium unit and office building, while recession is the slow down of the economic activity in a certain period of time.

Let us discuss the importance of Real State in the economy of United State and the factors that affects other country. Buying land properties is one of the good investments in USA, mainly because of the fast increasing of such value. If you will search real state to the search engines, you will see various results for real state websites. They offer agents, available properties and methods on how to avail a land property. Some of the real state agents also offer to assist on how to get financial assistance. At times, they do offer to process the client’s paper to process the credit evaluation for them. These will only show how big the industry of a real state is.


global-economy

Not until the time of recession, as you look around, you will realize a big slowdown in the buying and developing of properties. The impact is the increased of the number of unemployed in the industry and affecting the profession of architect, engineering and construction jobs. Slowdown of the industry considered as a major cause of loosing jobs and when the number of unemployed increases, expenditures of consumer decreases.

United state ranked as top two in top 10 GDP (gross domestic product) countries according to http://geographic.org. Many countries are doing business such as exporting and importing to this country, and since 2008, real state industry in the United State was not doing well. Meaning the number of unemployed increases in the country and people are getting cautious spending money, which affect the importation and exportation industry that led to slow down of economic activity globally. Many big and small establishments and organizations were close last year and even this year (2009), we all just hope to get back before the year ends.

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