MPW Economics Discussion Board

Economics news post for AS and A2 students at MPW Cambridge - please add brief comments to stories you find interesting or relevant. You can: speculate on future trends; link in with other topics or units; interpret/analyse; evaluate (magnitude of change/short term/long term...); offer a personal evaluation (normative statements) but please offer evidence or an explanation. You can also evaluate other students' comments but please be professional in your response.

Sunday, 11 January 2009

Surprise rise in US jobless raises spectre of Great Depression

6 comments:

Aaron 施 said...: another fearing news passing to us make me feel the sunlight is coming without any reason; 11 January 2009 at 21:30
Aaron 施 said...: This comment has been removed by the author.; 11 January 2009 at 21:39
econinfohunter said...: The trend cannot continue forever - even if unemployment rises to 12% - the country will bounce back.; 11 January 2009 at 22:53
Fabio xu said...: In A Monetary History of the United States Milton Friedman and Anna Schwartz showed that the dominant influence on the slump in output and employment in the Great Depression was a fall in the quantity of money.; 12 January 2009 at 12:20
Oliver.Ma said...: If the rate of unemployment continues to rise over 12%,US government would have to spend more in order to reduce the unemployment.; 12 January 2009 at 12:23
Anonymous said...: The fall in employment is due to the shrink of the demand.It takes time to recover since the nightmare is not over and the down has just begun.But anyway, if it is the worst then things will show up to be better for it could be any worse.; 12 January 2009 at 13:43

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