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Essay / Research Paper Abstract
A 5 page paper discussing movement in unemployment rates and the economic health of the California economy during the summer of 2002. The fallout of the technology sector, particularly in high-tech, Internet-related companies, set investors on their collective ear. Few expected such a correction in market value of these companies, and the losses incurred in returns has been more than only disheartening for organizations and investors alike. The stock market continues its slide, reducing businesses' market capitalization and therefore the amount of capital available to them. Many have laid off workers; many more have placed freezes on hiring. The economic outlook for California as for the rest of the country remains mixed and depressed, yet optimistic. Bibliography lists 10 sources.
Page Count:
5 pages (~225 words per page)
File: CC6_KScaJobMkt.rtf
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Unformatted sample text from the term paper:
10, 2001, the stock market was uncertain but holding its own, and many of the nations largest companies were announcing disappointing second quarter business results. After the longest period
of economic expansion known in modern times, the US economy had entered a decline that slid into recession. Others are not as quick to use the dreaded "R" word,
and point to strong performance in several sectors. The pre-attack fallout of the technology sector, particularly in high-tech, Internet-related companies, set investors on
their collective ear. Few expected such a correction in market value of these companies, and the losses incurred in returns has been more than only disheartening for organizations and
investors alike. The stock market continues its slide, reducing businesses market capitalization and therefore the amount of capital available to them. Many have laid off workers; many more
have placed freezes on hiring. Conditions in California As the acknowledged seat of technological advance
and activity of the country, California businesses were hit particularly hard by the fallout of the technology sector a year ago. The fallout directly affected those organizations inside or
with links to Silicon Valley, but the "ripple effect" carried over into the myriad support businesses that depended on the revenues of those primary ones. This category does not
include only those companies supplying Silicon Valley businesses, but also the retailers and service businesses in local areas so affected. Layoffs directly affect the amount of money available to
local consumers; those not directly affected by layoffs began exercising extreme caution in their spending. Currently, unemployment in California reflects conditions in areas
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