No Title Admission Essay

No Title
A look at what can be done to boost the US economy using social networking technologies such as Facebook.
# 153810 | 1,611 words | 6 sources | APA | 2014 | KE
Published on Jan 31, 2014 in Economics (National) , Computer and Technology (Internet)


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Description:

This paper points out that, even though the United States economy is recovering, it is still facing very many obstacles that could hinder it's recovery. The paper then considers how social sites such as Twitter, Facebook, and the rest to could spearhead the recovery process. Security issues associated with such sites are also discussed.

Outline:
Introduction
The United States Economy in Brief
The Recovery
The Role Technology Plays in the Growth of the Economy
Conclusion

From the Paper:

"For the past few months, there have been mixed reports on the state of the economy. From time to time we have received reports that the economy is healing well, and in the next month, statistics speak a different language from the one received on the previous month. One moment the level of unemployment is low, then the next is rising. These are the kinds of information that confuse citizens and job seekers in our economy. Despite all these mixed reports and feelings on the economy, it is rather obvious that the economy will take a while to heal. The road to recovery seems to have been dealt a huge blow as the rate of unemployment has been on the rise up to 8.2 percent (Rushe, 2012). This rise in unemployment is bad news as it comes after nine months of good tidings. A lot of pressure is on the incumbent President since his government has only been able to create a paltry 69,000 new jobs in the month of May.
"The bad news of unemployment rates starting to rise, coupled with the fact that there are new fears on the euro zone's future, has led to a tailspin on the United States stock markets. By the afternoon of June 1, 2012, 270 points had been lost by Dow Jones stocks; this represents all of the gains that they had made by then, since 2012 began. To put the drop into better perspective, in April of 2012, the department of labor had reported 115, 000 more jobs only to revise the number down to 77,000. Even the revised number is higher than the one that has been achieved for the month of May. Moreover, the U6 measurement of unemployment went up to 14.8 percent from the previous one of 14.5 percent for the month of April. The U6 measurement normally takes into account a broader unemployment scope. It represents the number of job seekers, as well as the number of the people working full time. "

Sample of Sources Used:

  • American Economic Alert. (2012, June 1). THE BIG PICTURE: HUMMING ALONG? . Retrieved June 2, 2012, from AmericanEconomicAlert.Org: http://americaneconomicalert.org/charting_economy.asp
  • Economy Watch. (2010, June 30). US Economy. Retrieved June 1, 2012, from Economy Watch: http://www.economywatch.com/world_economy/usa/?page=full
  • Giridharadas, A. (2012, June 1). Is Technology Fostering a Race to the Bottom? Retrieved June 1, 2012, from The New York Times: http://www.nytimes.com/2012/06/02/us/02iht-currents02.html?_r=1&ref=unitedstateseconomy
  • Rushe, D. (2012, June 1). US recovery stalls as unemployment rate rises amid dismal job growth. Retrieved June 2, 2012, from theguardian: http://www.guardian.co.uk/business/2012/jun/01/us-recovery-unemployment-rate-rises
  • United States Department of Labor. (2012, June 1). Economy at a Glance. Retrieved June 2, 2012, from Bureau of Labor Statistics: http://www.bls.gov/eag/eag.us.htm

Cite this Admission Essay:

APA Format

No Title (2014, January 31) Retrieved September 23, 2019, from https://www.academon.com/admission-essay/no-title-153810/

MLA Format

"No Title" 31 January 2014. Web. 23 September. 2019. <https://www.academon.com/admission-essay/no-title-153810/>

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