Sunday, February 1, 2009

Why is US unemployment rising?

Read this BBC article and answer the following questions:

1) What is unemployment, and what is the current US unemployment rate?
2) According to the article, what factors are causing unemployment to increase in the US?
3) Why can US businesses cut their workforce quicker than European businesses?
4) Explain what is meant by the phrase “unemployment is a lagging indicator”
5) Which US sectors are currently losing workers?
6) Describe how the US Government plans to reduce unemployment

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