Res341

ES

Business Research Project Paper

Ashanique Turner

RES 341

February 23, 2012

Dr. Jay Klagge

Business Research Project Paper

The job market has continued to do budget and exhausted the states unemployment resources. Unemployment continues to rise in every state, that recession has not taken a change in any region of the United States. There is a possibility that this recession will continue to rise in budget cuts and joblessness and last just as long as the Great Depression. In the United States we expect more companies and industries to continue to cut positions within their organizations for several more years, causing and effect on various fiscal and monetary stimuli. Just as in previous recessions, it is becoming clear that some people will suffer a much higher incidence of unemployment during this downturn.

The problem started in 2007 in the U.S. noticed the non-farm payrolls started to fall in forty-eighty states, according to the Labor Department (Wall Street Journal, 2009). There where some exceptions in other states like Louisiana, which was trying to recover from Hurricane Katrina and the District of Columbia, which was cushioned by federal spending. Also, another problem was the mortgage industry and larger industries causing a turn for the worst in our economy.

Because of less income to spend is leading the lower consumer spending, which causes a demand and lower growth rates which causes a rapid rise in or unemployment. We do know that there is know cost in hiring people, there would be no unemployment, that’s why the government have created some stimulations on companies otherwise we would reach full unemployment. Therefore, like temp agencies when there is a cost in hiring employers and employees, there is a barrier to job creation.

President Barack Obama is trying to push for a stimulus plan that Congress is holding off on. This plan is to aid several states for the next two fiscal years to help assist with jobs, housing and...