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Jack Place Essay

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Article 1
1.1 Summary of Article………………………………………………..
1.2 Definition and analysis of economic concepts………..
1.3 Conclusion……………………………………………………………..

Article 2
1.4 Summary of article……………………………………………….
1.5 Definition and analysis of economic concepts………
1.6 Conclusion……………………………………………………………
1.7 Reference………………………………………………………………

Article 1
1.1 Summary of article

The main objective of this article is to tell us about how the unemployment rates in America is slightly getting worst ever month. There is some improvement in the unemployment rate in few sectors such as, Health care and assistance and Retail industry, Construction sector etc. This article also speaks about how the workers have to even pay their taxes at the start of the year which is a very disappointing site and which also affects the GDP growth to slow. While there is some hopes for job growth in the latter half of the year the writer is still worried if his predictions turn out to be true and hopes that by the end of 2013 many more workers receive paychecks. The writer also assumes recession is the main cause for unemployment in the U.S

1.2 Definition and analysis of Economic concepts used
From the article, we can see the people who are looking for the job in Los Angeles were more than before. Those people have no job and actively look for a job which is called unemployed. Otherwise is called employed.

Unemployed

Labour Force

+
Employed

* The labour force is the sum of employed and unemployed.

Unemployed

: The unemployed includes everyone aged 15 to 69, who during the survey week: 1. Had actively looked for a job at any time in the four weeks up to the end of the survey week. 2. Were available to work in the

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