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The Lack of Jobs in America

In: Business and Management

Submitted By marty4512
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Is Lack of Jobs in the United States the cause for recession since 2007?

Is Lack of Jobs in the United States the cause for recession since 2007?
As per John Fitzgerald Kennedy former president of The United States of America (1961-1963): “The American, by nature is optimistic. He is experimental, an inventor, and a builder who builds best when called upon to build greatly”. Although this great democratic country has had bleak periods in its economic history timeline because political, money, and wars through-out time. However, Americans recuperate their path back to brilliant and fascinating rich economy. It is not easy to do so, to get back into good economical shape, however it is feasible. In the 20th century, ending of the 1920’s a severe worldwide economic depression ever experienced in the industrialized force. Although the Great Depression commenced in the United States, it spread over to 15 countries to say the least. Causing gargantuan unemployment rates ever recorded in America and Europe. Moreover, it stroked partially Japan and Latin America. The devastating economy deficiency went on to reach its peak point until 1933, which marked the year that America started to recovery, but went on for almost 7 more years. Approximately lasting till 1939. After this awful period, another, but not as large compared to the Great Depression. In the early 1980’s the country experienced another recession causing yet again employment lack and GDP (gross domestic price) to rise, causing stuff to be more expensive and with jobs being cut down, Americans were struggling once again to brighter times. Following through on America’s economic timeline, there is one more recession in economy. This particular recession even has alias names like; Lesser Depression, the Long Recession, or the global recession of 2009. However it’s more commonly known name is the Great Recession,…...

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