Wednesday, July 8, 2015

Employment issues

"US employment, in September decreased in 34 states - 14.4 percent is the highest unemployment rate Nevada
http://www.bloomberg.co.jp/apps/news?pid=jp09_newsarchive&sid=aVWH4m9n_3UE
The number of employees in the United States decreased in 34 provinces in central California, the New York provinces in September, showed that employment downturn has spread to the United States.
According to the US Department of Labor's announcement of the 22nd, a California employment of 63 500 people were lost. Then New York State 37 600 people, Massachusetts 20 900 people, New Jersey became a decrease of 20,200 people employment. Nevada's unemployment rate is 14.4% of unchanged from the previous month, it was the highest level in the United States. (Koryaku) "

Is not a story of Japan and employment issues, it is an American story. After all, America's employment problem, because there is enough of an impact to very directly linked to the world economy.
Although previously I wrote, in the United States of the Great Depression, 25% across the country is the unemployment rate has reached in urban areas to 50%. That is in the city unemployed to fainting from the "hunger" in public places, I frightful spectacle was seen frequently. Already the world's largest economy from that time, in the United States just handed the hegemony of the world from the United Kingdom, it is why people lose attention to the reason for the hunger.

In the current America, poverty has decreased over the IT bubble period, has started to increase.

By the way, in does not matter, but the Clinton administration period, the United States in 2000 has achieved a fiscal surplus. The reason is, it is of course is the economic boom due to IT bubble, and more specifically depressed, probably larger that the United States of the poor has decreased in this period. If poor Hereford, also reduced spending of government. Government spending is reduced, because is not the government of tax revenue increases in the boom at the same time, finance is not be profitable.
Boom (or bubble) became a budget surplus in the, not only the United States separately from '00. While the Ministry of Finance referred to as the "fiscal consolidation! Fiscal consolidation!", Actually it does not try to see all the fiscal consolidation was the case, and not to even try to explain, you do not have to say other only with mystery. After all, fiscal consolidation is you can not achieve I must depend on the "boom".

Anyway, the transition of the American poor, please refer to the following graph.

[Trends in the United States of the poor]
http://members3.jcom.home.ne.jp/takaaki.mitsuhashi/data_31.html#Poverty

By the way, here referred to as "the definition of poverty" is a four-member family (two children under eighteen years of age), annual income will not mean less of household $ 21,756 (about 1.85 million yen). Monthly income in four family is about 154,000 yen. In Japan, it will enough be "poor families".

The poor, is not after the sub-prime bubble collapse, has started the surge. (The most recent figures, the highest value since the statistics started) As you know, the United States because there is no national insurance system, life of the poor is really disastrous.

To resolve this problem, it precisely as Clinton era to attract the "boom", but is not only increasing the number of employment, most difficult of the work to increase the employment at a time when asset prices are falling after the collapse of the bubble economy It is. So, the United States in order to solve this problem (unemployment, poverty increases), the exit to the relentless attitude to foreign (ostensibly, in the guise of fair good) is why I'm sure.

[US dollar versus the Japanese Yen, Euro, British Pound, Yuan, Korean Won transition (one month)]
http://members3.jcom.home.ne.jp/takaaki.mitsuhashi/data_31.html#USD2

With the exception of the British pound to the economic downturn began to be "almost certain" in the austerity, the currency of major countries began with the recent highest value across the board against the dollar. Of course, is no exception even the Japanese yen.

"Dollar is about 15 and a half years lows against the yen - one o'clock 80 yen 66 sen, persistent US easing
http://www.bloomberg.co.jp/apps/news?pid=jp09_newsarchive&sid=aY0yCS2YaFNg
In the Tokyo foreign exchange market, the dollar has become the deployment of one stage depreciation, and temporary $ 1 = 80 yen 66 sen is against the yen, since April 1995, has been updated for about 15 and a half years of low prices (yen value). Passes through the 20 countries and regions (G20) Finance Ministers and Central Bank Governors meeting, in additional to the background the uncertainty of the US economic mitigation measures is conscious again, and became dressed gradually dollar selling is activated . (Koryaku) "

If you start actually the United States further quantitative easing, the dollar, but I do feel like some return rather, long-term dollar in any case will continue to decline. At least, the currency depreciation for the United States, more than it is one of the method to solve the unemployment and poverty problems, I think this is a certainty.

When incidentally writing, honesty, the yen and the euro is for the United States, to be or not a major problem. Problem is still, is the renminbi. Only RMB dollar peg (Now I was back to the managed float system), is the main cause of an enlarged global imbalance, it is not that the main culprit that is causing the unemployment and poverty problems in the United States (at least, American lawmakers It would appeal to so voters).

Mid-term elections was approaching. No matter what the consequences, even if that pair medium pressure of the United States is growing, it will not fit. That the United States of employment and poverty, as long as this does not solve the large book of problem.

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