Economics News Investigation

By: Zach Boisen

Jobs Lost in August

According to CNN in August the job market only gain 142,000 jobs. CNN expected a way higher number than 142,000 jobs. They were expecting in the 200,000. The unemployment rate dropped by 1%. The job market needs to raise the unemployment rate by adding more jobs to the market.


Unemployment: occurs when people are without work and actively seeking work.

The Dual Economy of America

It is no secret that the U.S. economy is expanding and that unemployment is at a low six year point. The gas price is shocking to people at a low of $3 a gallon and at a price that people didn't expect to see ever again. The stock market is at an all time high. The job gains are right back on track, they are the best since 1999. America is obviously better off and headed back in the right direction, and is also stronger than other countries like Japan and Europe. But not everything is crystal clear, there are some negatives too. Wages aren't rising and the middle class Americans are bringing the same amount in as they did back in 1995. On the other hand the rich are getting richer and having really no troubles.


Dual economy: is the existence of two separate economic sectors within one country, divided by different levels of development, technology, and different patterns of demand.


http://money.cnn.com/2014/11/07/news/economy/us-economy-inequality/index.html?iid=SF_E_River

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Jobs

U.S. payroll went up in October and unemployment rates dropped as wages went up. These are signs of labor market improvement. 224,000 jobs were added in the last 3 months. Unemployment hit its lowest level since September 2008. Jobless rate fell due to more Americans joining the labor force.


Unemployment: occurs when people are without work and actively seeking work.


http://blogs.wsj.com/briefly/2014/11/07/october-jobs-report-the-numbers/

Recovery for Some

Richest Americans are in a recovery while the lower class Americans are not. Lower class Americans took jobs with low pay and need government help to make ends meet. Americans receiving food stamps has increased dramatically. The nations poverty rate remains high.


Recovery: a return to a normal state of health, mind, or strength.


http://www.nytimes.com/interactive/2014/06/14/business/this-side-of-the-recession.html?ref=economy

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Stock Market Comeback

Since being in the negative in mid- October, the S&P 500 has increased by 10%. The gains could be even higher due to: Shop till you drop, no worries mentality, and Europe. Anxieties have subsided for now. Since these fears have gone away, the market will continue to improve. If consumers do their part the market can only keep improving.


Stock market: the market in which shares of publicly held companies are issued and traded either through exchanges or over- the-counter markets.


money.cnn.com/2014/11/09/investing/stocks-market-lookahead-rest-of-2014/index.html?iid=mkt_SF_news

Gas Prices Plummets

The price of gas plummeting down is scaring the bond traders. The bond traders are scared of having to drop the expectations for inflation. The consumers are not having to change their expectations for inflation at all. Gas is falling to 17 month low. Consumers sentiments continue to climb.


Inflation: is a sustained increase in the general price level of goods and services in an economy over a period of time.

Jobs Added, Unemployment Down

Economy adds jobs and unemployment continues to go down. Economic growth continues. In the recent election, however, the economy was a concern of the voters. Not all people have felt the improvement.


Unemployment: occurs when people are without work and actively seeking work.


http://www.npr.org/blogs/thetwo-way/2014/11/07/362246455/economy-continues-adding-jobs-unemployment-rate-dips-to-5-8-percent

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Income

Americans overlook actual levels of income and wealth inequality. The Americans think that the ideal income and wealth distributions are the same if not more then what they think. Americans are not paying attention. They are overlooking the value of benefits for the poor.


Income: money, especially on a regular basis, for work or through investments.


http://www.forbes.com/sites/jeffreydorfman/2014/11/11/income-inequality-deception/