The Business Cycle Of Unemployment In The United States

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Unemployment is everywhere in the U.S today. Whether it’s a small or big job people still are unable to find jobs. Then again some people file for unemployment if they are going through a tragedy and you just can’t seem to be able to work anymore. All of this, meaning unemployment has to do with the business cycle. There are four stages of the business cycle and they are recovery, peak, recession, trough. These are all stages whether the economy is at its highest point, lowest point, or just staying the same. The peak is the highest stage that the economy can possibly reach. Recession is where the economy becomes to struggle and start dropping off. The trough is the lowest point the economy can reach. Recovery is where we begin to build the economy back up after being in a trough. I believe that today our U.S economy is at its peak but beginning to recess. …show more content…

Earlier this month gas prices were the lowest they’ve been in about 10 years. Gas was only $1.75 a gallon. So if you were to need 20 gallons you would only need to pay $35. Although the prices are beginning to rise back up no one expected them to be that low forever. This winter was one of the coldest winters in a while. This being said, it is causing the oil to go cruel. With this happening they are losing oil so that causes them to bump up the prices so they can make their money back. I still think our economy is in good shape when it comes to gas prices because over the past year gas prices have dropped $1.10(nationally) but let’s just hope they do not sky

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