What performance trend developed in the us economy in 1982

Answers

Answer 1

Answer:

As 1981 began, the Federal Reserve reported that there would be little or no economic growth in 1981, as interest rates were to continue rising in an attempt to reduce inflation.

After failing to gain traction during the weak and brief recovery from the 1980 downturn, weakness in manufacturing and housing caused by rising interest rates began to have an expanded effect on related sectors beginning in mid-1981. Job losses resumed, this time expanding to nearly all employment sectors through the end of 1982. Goods-producing sectors were hardest hit: 90% of all job losses in 1982 came from manufacturing, despite this sector making up only 30% of total non-farm employment. The machinery industry shed 400,000 jobs. Transportation equipment manufacturing fell by 180,000 jobs. Layoffs in electrical and electronics manufacturing exceeded 100,000. The mining sector shed 150,000 jobs, likely a result of high commodity prices and cratering demand from the recession. Construction shed a total of 385,000 jobs from July 1981 through December 1982. Non-durable goods manufacturing (e.g. textiles, rubber, apparel, plastics, tobacco, food, etc.), already under pressure since the mid-1970s, suffered some 365,000 job cuts.

The unemployment rate for auto workers rose from just 3.8% in early-1978 to 24% by the end of 1982; construction worker unemployment peaked at 22% during the same time.

The services sector, while not hit nearly as hard as manufacturing, shed 400,000 jobs during the recession, with sharp declines in transportation, utilities, state & local governments, and wholesale and retail trade. However, the finance, insurance, and real estate sector gained 35,000 jobs over the duration of the recession.

The heavy losses in manufacturing and construction, contrasted with more minor losses in services, also affected the unemployment rates for men and women differently. While the increases in unemployment for both sexes were roughly equal during the recession of 1973-1975 recession, the unemployment rate for men increased 4.5 percentage points during the 1981-1982 recession, while women suffered a comparatively more mild 2.5 percentage point increase in joblessness. Between the fall of 1981 and the end of 1982, nearly 70% of the increase in unemployment came from men's unemployment.

Unemployment had changed very little in the period between the end of the 1980 recession and the July 1981 start of the second, never dropping below 7.2%. Unemployment rose to double digits for the first time since 1941 in September 1982, and stood at a postwar high of 10.8% by the end of the year. The total increase in unemployment was 3.6%, which was less than the 1973–75 recession increase of 3.8%, yet still higher than the 2.9% average. Because the recession began with already elevated levels of unemployment, the increase easily pushed it higher than any other post-war recession. Overall, the recession caused the loss of 2.9 million jobs, representing a 3.0% drop in payroll employment, the largest percentage decline since the 1957–1958 recession. The number of underemployed workers (those who are working part-time but want full-time work) rose to the highest number ever recorded at that time since data collection began in 1955.

Unemployment was particularly severe amongst teenagers and racial minorities: the unemployment rates for black Americans peaked at 20% in December 1982, compared to 15% for Latinos and 9.3% for white Americans. Teen unemployment hit 24%, and was particularly severe amongst black teenagers: for most of 1982, unemployment for black teenagers stayed at roughly 50%.

Ronald Reagan, who had assumed office in January 1981, brought his own economic plan to the table. In August 1981, the president signed the Economic Recovery Tax Act of 1981, a three-year tax cut plan. As the recession deepened in 1982, Reagan's approval rating also dropped. As a result, during the 1982 midterm elections, Republican gains made in the House of Representatives during the 1980 election were reversed. However, control of the Senate was retained by the Republicans.


Related Questions

Life & legacy president Dwight D Eisenhower?

Answers

Answer:

He signed the Civil Rights Act of 1957 and sent Army troops to enforce federal court orders which integrated schools in Little Rock, Arkansas. His largest program was the Interstate Highway System. He promoted the establishment of strong science education via the National Defense Education Act.

Explanation:

approximately how many people were killed during the battle of okinawa?​

Answers

Answer:

D. 200,000

Explanation:

Tax bills may be introduced either in the House of
Representatives or in the Senate. *
true
false

Answers

Answer:

True.

Explanation:

The tax bill must be introduced in the House of Representatives because the House is supposed to represent individual citizens, rather than whole states, as with the Senate.

What motivated Lawrence to accept the risk of acquiring and organizing resources to start a hot sauce business?

Answers

Answer:

Lawrence's motivation to accept the risk of acquiring and organizing resources to start a hot sauce business is because:

"He believed that the efficiency of his hot sauce manufacturing process would allow his business to make a profit."

Explanation:

Efficiency in production reduces production costs.  When a product can be produced at a cost that is lower than the competitors', the firm gains much competitive advantage.  This can singularly help the firm to increase its sales volume, make profits, and remain in business even when competitors are liquidating theirs.  Essentially, it was Lawrence's research, which uncovered an opportunity of limiting production costs to a minimal level, that motivated him to enter into the hot sauce manufacturing business.

Answer:B

Explanation:

Is it true that each side of the 4 sides of a pyramid would face in a different direction: north,south,east,west

Answers

Answer- Yes, I think.

How- Stuff is looking at stuff so yeah

1. Who was born in Florence Alabama in 1873 and is called “ Father of the Blues" ? The
park on Beale Street is named after him.
Ans.

Answers

Answer:

William Christopher Handy

Explanation:

William Christopher Handy

tanka at haiku panahon kung kailan naisulat

Answers

Answer:

.................l....... .

What is the answer

Please help me

Answers

Answer:

what was your answer for number 5

In order for me to help I need to know what your answer was to question number five...

what was one of the main effects of black death in europe

Answers

Answer:

around 75% of their population died, and we got to take baths and clean up the streets

Explanation:

hope this helps

Answer:

Trade suffering, abandoned wars, labourers died, decrease of population

What did the Gunpowder Empires have in common?

Answers

Answer:

Explanation:

What did the Gunpowder Empires have in common? left splendid artistic and architectual legacies that were created in part to reflect the legitimacy of their rulers. Islam was strong in three of those empires.

The original counties of Franklin were named after which people

Answers

Answer:

Franklin County

It is named, of course, for Benjamin Franklin, author, statesman, diplomat, philosopher and signer of the Declaration of Independence. Carnesville, the county seat, is named for Thomas B. Carnes, a member of the third Congress of the United States.

Explanation:

Hope this helps

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On March 30, 1803, the State of Ohio authorized the creation of Franklin County. The county originally was part of Ross County. The county was named in honor of Benjamin Franklin. In 1812, Columbus became Ohio's state capital.

Who ran for President with the campaign slogan "In your heart you know he's right"?

Answers

Answer:

Sep 15, 2020 — Political campaign slogans haven't always caught on. ... Dewey ran for president again in 1948, this time urging voters to “Dew It with Dewey” ... His campaign slogan, “In Your Heart, You Know He's Right,” was interpreted as a ...

Explanation:

Answer:

Barry Goldwater

Explanation:

What did the emperor Lalibela have architects build in Ethiopia?

Answers

Answer:

Lalibela, the best-known Zagwe emperor, ruled at the beginning of the 13th century and is known for building the monolithic rock-hewn churches at the Zagwe capital, which was later renamed for him.

Explanation:

Hope this answers your question!!

arranged na jumbled letters
1 the individuals position in the social structure. TTSASU
2.the movement of a person between social class levels or another class.ARETVIC TLOBMIIY​

Answers

Answer:

1. The individuals position in the social structure. TTSASU= STATUS.

2. The movement of a person between social class levels or another class. ARETVIC TLOBMIIY​= VERTICAL MOBILITY.

Explanation:

Arranging jumbled words means the words given in a disorderly pattern to make a meaningful and correct word. This involves the structuring or arrangement of the given letters to make a complete and correct word that will have a meaning.

1. The correct answer is "STATUS", which implies a person's position in society. This tells the individual's standing in the social structure.

2. Though one letter is missing in the given jumbled letters, the correct answer is "VERTICAL MOBILITY". This means the 'mobility' of a person in-between class levels or positions. And vertical means the movement from in the down-up pattern.

Who sent the Christian army and what symbol did they wear?

Answers

Answer:  Pope Urban II; The Cross.

Explanation:

Assuming you are referring to the First Crusade, the above are the answers.

After the death of Prophet Muhammed, Muslim armies swept across the Middle East and captured territory belonging to the Byzantine empire which was Christian. The empire appealed for help and the Pope at the time, Urban II, called on Christian kingdoms to defend the Byzantine empire from the Muslims.

This was the First Crusade and the armies that came together had the symbol of the Cross to symbolize the death of Jesus Christ and Christianity in general.

How did the economic law of supply and demand increase the wealth of business owners during the Industrial Revolution? As mass production lowered the prices of goods, many more consumers bought them, which increased demand. Mass production led to greater supplies, which meant that more natural resources were needed to meet the demand. Business owners were able to increase profits by lowering their workers' wages but still charging the same price for goods. Consumers demanded lower prices as they came to rely or more types of supplies.

Answers

Answer:

is a

hope this is right if not sorry

Explanation:

Answer:

As mass production lowered the prices of goods, many more consumers bought them, which increased demand.

Explanation:

As supplies increased due to mass production during the Industrial Revolution, business owners were apply to charge less for each item, which caused more people to buy the items. That increased demand for the item, which allowed manufacturers to raise its price again, resulting in higher profit (since workers' wages remained the same).

Why was victory in the space race so important to the United States?

A) It ended the need for America's aerial defenses.
B) It gave America a military advantage over the Soviets.
C) It represented the superiority of capitalism.
D) It provided the United States with lunar resources.

Answers

Answer:

D. it provided the united states with lunar recourses.

Explanation:

the space race was considered important because it showed the world which country had the best science, technology, and economic system.

Answer:

C) It represented the superiority of capitalism.

Explanation:

I just took the quiz.

Who was Toussaint Charbonneau and what contribution did he give to Lewis & Clark?

Answers

Explanation:

Toussaint Charbonneau was a French Canadian fur trader who had lived among the Hidatsa and Mandan Indians since 1796. In October, 1804, when the Lewis and Clark expedition arrived at the upper Missouri villages, Charbonneau worked as an independent “free” trader living among the Hidatsa near present-day Bismarck, North Dakota.

The 45-year-old Charbonneau applied to be a Hidatsa interpreter. Clark wrote on November 4, a “french man by Name Chabonah...visit us, he wished to hire & informed us his 2 squars were Snake [Shoshone] Indians.” he helped with the expedition he gave contribution by other languages that Lewis and Clark did not interpret

Can someone help me to this please

Answers

Answer:

1) 7

2)10

3)3

4)6

5)4

6)1

7)2

8)10

9)8

10)5

I do not know why. But i think two of those are the 10th ammendment

Is Earth a natural magnet? Explain.​

Answers

Explanation:

The crust of the Earth has some permanent magnetization, and the Earth's core generates its own magnetic field, sustaining the main part of the field we measure at the surface. So we could say that the Earth is, therefore, a "magnet."

BRAINLIST

Answer:

yes

Explanation:

The crust of the Earth has some permanent magnetization, and the Earth's core generates its own magnetic field, sustaining the main part of the field we measure at the surface. So we could say that the Earth is, therefore, a "magnet."

please mark me as brainlist

What are the triumphs and limitations of the golden age in Athens

Answers

Answer:

The Golden Age of Athens was during the rule of Pericles over Athens from 457 B.C. to 430 B.C. During this time the Parthenon was built, Aeschylus, Aristophanes and Sophocles were producing plays in the theater beside the Acropolis and democracy flourished. Pericles ruled over what has been described as the world's first democracy and mathematics, the arts, history, astronomy and philosophy flourished under Socrates, the Sophists, Herodotus and Thucydides.

During the Golden Age of Greece Athens was home to about 75,000 people and and between 200,000 and 250,000 lived in the surrounding countryside called "Attica." The city had an area of about 0.7 square miles.

Under Athens and the Delian League the Greeks ruled much of the Mediterranean and trade flourished. Using iron to make tools, superior ships, weapons and machines Athens grew rich by exporting silver and olives. The money earned from this trade was used to construct other great building and support the arts and sciences.

But things were not always as rosy as they seemed on the surface. A lot of the money used to build the Parthenon was looted from the Delian League treasury, less than a quarter of the population had political rights, slaves were often used instead of machines because they were cheaper, and war with Sparta was imminent. The upper classes ruled the government and many of the democratic reforms, such as payment for jury duty, were attempts to placate the lower classes with welfare payments and keep them in place. In the plains of Attica there only about 250,000 people. The population of the city-state of Athens had would later be reduced by the Peloponnesian wars and the plague from around 80,000 to as a low as 21,000."

Explanation:

hope it helps you

please mark me as brainlist

Please please help me :::(

Answers

Answer:

a constitution is: C

first constitution of the USA: A

1 C 2 A
Hope this help

sa kabihasnan ng Meso America​

Answers

umm is this supposed to be a question ?

Who was Zheng He, and what did
he do?

Answers

Answer:

"Zheng He was a Chinese mariner, explorer, diplomat, fleet admiral, and court eunuch during China's early Ming dynasty. Zheng He was a Chinese explorer who lead seven great voyages on behalf of the Chinese emperor. ... His seven total voyages were diplomatic, military, and trading ventures, and lasted from 1405 – 1433. However, most historians agree their main purpose was to promote the glory of Ming dynasty China."

Hope this helps! :)

where is bhimsen stumbha​

Answers

Answer:

Explanation:

Park Sundhara Marg, Kathmandu 44600, Nepal

Answer:

at the center of Sundhara, Kathmandu. It is situated in the historical city of Kathmandu, and is a part of Architecture of Kathmandu Explanation:

PLEASE HELP DUE IN 5 MINS PLEASE CITE EVIDENCE FROM THE TEXT

Answers

Answer:

"For score and seven years ago our fathers brought forth on this continit a new nation"

Explanation:

That small paragragh is important

ALOT OF POINTS PLEASE HELP ONLT IF YOU KNOW

Who started the "Chicago Defender "? Why?

Answers

Answer:

Robert S. Abbott

Founded in 1905 by Robert S. Abbott, the Chicago Defender originally was a four-page weekly newspaper. Like the white-owned Hearst and Pulitzer newspapers, the Defender under Abbott used sensationalism to boost circulation.

Select the correct answer.
Which aspect of the government formed under the Articles of Confederation was best highlighted by Shays’s Rebellion?
A.
The state governments did not have enough political power.
B.
The national government needed more political sovereignty.
C.
Civilians were unable to gather and protest peacefully.
D.
Slaves were not being treated fairly on plantation farms.

Answers

Answer:

D is so such sesfull answer

Four people are described in the chart below.

• Jorge is 35 years old. He moved to the United States 20 years ago. Ten years ago, he passed a citizenship test and took an oath of allegiance to the United States.

Jocelyn's parents are from Ghana. She was born in Ghana but has been a permanent resident of the United States since she was 3 years old.

• James was born in Tampa, Florida. Both his parents are from Cuba.

• Maria lives in Brazil. Both her parents were born in the United States.

Which of the individuals above are U.S. citizens?

Jorge and Jocelyn O

Jocelyn, James, and Maria

Jorge, James, and Maria

O Jocelyn and Maria

Answers

Answer:

It would be 2.Jorge,James and Maria

Explanation:

I took the test

Answer:

Jorge, James and Maria

Explanation:

I just finished the test and it was correct. Hope it helps! :)

Which statement BEST supports the practice of creating majority-minority districts?
a. It makes it more likely that Democrats will get elected. .
b. It was commonly used during the late 20th century.
c. It creates districts that may have a loose geographical connection.
d. It helps minority groups receive political representation.
e. It was found constitutional according to the Supreme Court.

Answers

The right answer is A n E
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