... 1990's than any time in the past. Employment in construction and trade decreased at a faster rate than the average for prior recessions, and unusual weakness was evident in the services industry as well. In contrast to these worse-than-average performances mining, transportation, and public utilities had milder employment declines than prior recessions. Another notable first time decrease came ... as construction posted a loss of 3.4 percent. The service sector managed to keep a small increase of 0.1 percent, barely escaping from losses. This recession shows similar stability in the hea...

• Word Count: 3070
• Approx Pages: 12
• Grade Level: High School

... Province 1 January 2004 - Shantou (ÉÇÍ), Chaozhou ( ±ÖÃ"), Meizhou (aÖÃ"), Zhaoqing ( Ç), Yunfu (' ¸á),Qingyuan(Çå ¶) Source of Information: Ministry of Public Security (7 August 2003) and News (31 December 2003) The reason for launching individual visit scheme The main reason for launching the Individual Visit Scheme was to boost the economy of Hong Kong. The outbreak of the SARS ... Mainland tourist arrivals will help to ease the high unemployment rate in the territory. In the past, up to 90% of tourist spending has gone to shopping, dining and hotel services. These la...

• Word Count: 1153
• Approx Pages: 5

... general economic thought was that these phases of the business cycle were normal. The must just be accepted and not messed with. During the Great Depression production of goods and services fell by 30 percent. This led to a new view of these economic cycles. Ever since the Great Depression the length of the expansions have increased and the severity of the ... market for a car to buy sooner but will doubtfully pull any new customers. The problem with this scenario is that the car sales that would have been spread out through December, January, and February have now taken place in a shor...

• Word Count: 1132
• Approx Pages: 5
• Grade Level: High School

... 12 percent to about 6 percent of the total. Deficient demand unemployment results from a general lack of need for workers when the nation's total spending is too little. As goods and services remain unsold, industries reduce production and lay off employees. Deficient demand unemployment is called cyclical unemployment if it occurs during periods of decreased business activity. But it also can occur ... had been deficient demand unemployment. In 1969, the government reduced spending to curb inflation, and unemployment rose again. A recession during the early 1980's led to another rise i...

• Word Count: 2554
• Approx Pages: 10
• Grade Level: High School

... as the people who did not want to work for their food. If there had only been a few of these "deserving poor," then charity services would have taken care of them; but the numbers were too large. In December of 1929, 3 million people were unemployed; by 1932, 8 million people were out of work. Many people who had jobs took care of the ... ...

• Word Count: 422
• Approx Pages: 2
• Grade Level: High School