Obviously, Germany benefits weak euro as the car industry flourishes. Euro (Eurozone?) - all those sovereign debt crisises with obvious consequences in Portugal, Ireland, Greece and others coming make quite a contribution to the unemployment rate of Euro(what?). Japan - it is their culture that children carry on their parents' wayward in terms of work, therefore they are less likely to have huge unemployment. Once again, mostly because of culture. Plus, they were benefiting a monopoly power in quite a few industries, as the earthquake experience showed. USA - CHINA TOOK THEIR JOBS! however, they should not worry, as a demand for American products grows from the Chinese side and it is very likely to go down soon. Unless the Congress takes too long with the Budget. UK - the Parliament knows the ways to tax and cut so people keep on losing their jobs. Should go down, though - manufacturing sector grows extremely fast, the demand is quite weak but getting better, the process of crowding in takes place which makes me happy (CAPITALISM!), however, we are going to observe a J-curve style unemployment graph soon, as obviously people are made redundant in the public sector and it takes time to transfer to private sector (Examiner's notice: where is the term of Frictional Unemployment with the definition of it!?).
That was my small analysis of the graph. No depth, just a glance look
Obviously, Germany benefits weak euro as the car industry flourishes.
ReplyDeleteEuro (Eurozone?) - all those sovereign debt crisises with obvious consequences in Portugal, Ireland, Greece and others coming make quite a contribution to the unemployment rate of Euro(what?).
Japan - it is their culture that children carry on their parents' wayward in terms of work, therefore they are less likely to have huge unemployment. Once again, mostly because of culture. Plus, they were benefiting a monopoly power in quite a few industries, as the earthquake experience showed.
USA - CHINA TOOK THEIR JOBS! however, they should not worry, as a demand for American products grows from the Chinese side and it is very likely to go down soon. Unless the Congress takes too long with the Budget.
UK - the Parliament knows the ways to tax and cut so people keep on losing their jobs. Should go down, though - manufacturing sector grows extremely fast, the demand is quite weak but getting better, the process of crowding in takes place which makes me happy (CAPITALISM!), however, we are going to observe a J-curve style unemployment graph soon, as obviously people are made redundant in the public sector and it takes time to transfer to private sector (Examiner's notice: where is the term of Frictional Unemployment with the definition of it!?).
That was my small analysis of the graph. No depth, just a glance look