The introduction of new technological advanced innovations...

The introduction of new technological advanced innovations and methods during the Market Revolution changed the means of production and transportation for the future, creating an easily accessible, interconnected world. As people rejoice over the positive outcomes due to the spread of ideas, goods, and services, many neglect the detrimental results. Due to modern mechanism of transportation and production, ideas, goods and services arent the only things transported across national borders. Human trafficking, the transportation of people across international borders, increased tremendously after the Market Revolution and continues to be a dominant issue in present day. Although some people cross borders in search of a better life, an†¦show more content†¦However, limited types of jobs are offered to uneducated and unskilled women. According to Lillian Robinson in her journal about the limited job market for women that increase the employment in the sex industry, â€Å"†¦all available jobs share the drawbacks of long hours, hard work in unsafe conditions, an absence of collective bargaining, fringe benefits, and protective legislation and little hope for advancement through workplace training or seniority† (Robinson, 56). Robinson explains that the most common types of job offered are domestic servants, factory or restaurant workers, and prostitution and due to gender inequality, employers offer employment for women with lower wages for strenuous hours in unsafe working conditions, thus copious women choose prostitution with the desire of earning more money to send home and having more control of their work in certain aspects. Furthermore, some women have no choice because many cultures value males more than females, thus daughters are more likely to be sold. Families often sell their daughter(s) to recruiters in exchange for a sum of money. While some women are able to buy themselves out of prostitution after working a certain amount of yea rs, many remain in the sex industry. As the sex industry becomes more prominent in society, copious individuals urge the government to take actions. These people argued for the total prohibition of prostitution with strict regulations against those participating in either the act ofShow MoreRelatedProstitution : Prostitution And Prostitution1169 Words   |  5 PagesProstitution is illegal in the United States, except for some counties in Nevada. However, prostitution is in most part of the United States, despite the fact that it has been legalized. Prostitution is an act whereby, one sells his/her body for sex. In the United States, Prostitution is divided into three broad categories; street, escort, and brothel prostitution. Brothel prostitution takes place in brothel houses, which are houses where prostitutes can sell sexual services. This kind of prostitutionRead MoreThe Legalization Of Prostitution And Prostitution858 Words   |  4 Pagesthe decriminalization of prostitution helps, there will still be a heavy demand for it. One of the biggest industries in the world has it entrapped, which is the sex based human trafficking. According to the International Labor Organization, human trafficking generates around $150 Billion per year. And Two-thirds of this money ($99billion) comes from commercial sex exploitation. But at the same time there is in fact evidence out there, that displays legalizing prostitution reduces sex traffickingRead MoreProstitution And The Act Of Prostitution1401 Words   |  6 Pagesâ€Å"world’s oldest profession,† also known as prostitution, is considered a grey area in morality (Thiroux). Prostitution is defined as selling oneself or one’s talents for base purpose (Agnes). Contrary to popular belief, there are plenty of arguments for prostitution and the act of prostitution becoming legal. Coinciding with popular belief, there are more arguments against the act of prostitution being legalized. While some con sider the act of prostitution to be an immoral act others will considerRead MoreProstitution : The Crime Of Prostitution1671 Words   |  7 PagesBefore conducting extensive research on the crime of prostitution I wrote down several different explanations that I believe explain why women participate in prostitution. Women participate in the act of prostitution for many reasons. First and foremost prostitution is known to be a very lucrative business, similar to the porn industry and stripping industry. Therefore, women participate in prostitution to make large amounts of money; in prostitution (like in any other profession) money is always theRead MoreProstitution : The Issue Of Prostitution1401 Words   |  6 PagesProstitution â€Å"There is no clear boundary† between voluntary and involuntary prostitution says Janice Raymond of the University of Massachusetts.(341) Prostitution as the society knows the women that sell themselves on the street as, is presented as a debate around the world, whether it be legalized or not. In the article â€Å"Decriminalizing Prostitution† Sarah Glazer reports on the views people have towards prostitution in their cities. Many people have different opinions on this debate such asRead MoreThe Legalization Of Prostitution And Prostitution2217 Words   |  9 PagesI find the legalization of prostitution important because it seems as if gender stereotypes, that are mostly taught to us through different social roles, play a role in the reason that prostitution is not legal- seeing that most prostitutes are women. I agree that prostitution should become legalized for a multitude of reasons, such as, helping bring down the percentage of sexual harassment, being abl e to be protected by the police, and being able to make a legitimate living- by doing what they wouldRead MoreProstitution Article On Prostitution Laws1640 Words   |  7 Pages Prostitution Laws in Canada Karlene Wright November 19, 2014 Prostitution Laws in Canada Introduction Prostitution is considered by many to be the oldest profession. Throughout civilization many society have had to address the issue of prostitution. Canada is a nation renown for promoting the advancement of women in all parts of the world. However, it is a nation guilty of punishing women for the circumstances in which they find themselves. The prostitution laws in Canada showsRead MoreProstitution And The Law : Prostitution2362 Words   |  10 PagesProstitution and the Law Prostitution, also known as commercial sex or solicitation, is the business of preforming sexual activities in exchange for monetary compensation. Prostitution can be seen in many different outlets, from brothels and streetwalkers, to top of the line escort or call-girl services. Prostitution laws make it a crime to suggest, consent, or participate in a sexual act for the benefit of receiving payment (FindLaw, 2016). Prostitution is one of the first known female occupationsRead MoreProstitution, The Act Of Prostitution1324 Words   |  6 Pages Prostitution, the act of â€Å"providing or receiving sexual acts, between a prostitute and a client, in exchange for money or some other form of remuneration† (Hock 557). The idea of exchanging sex for valuables has been seen since the beginning of human society; the first reported data about prostitution was reported around 3000 B.C.E in one of the first known civilizations, Mesopotamia (Caraboi and Fierbinteanu 362). Also, prostitu tion is often referred to as â€Å"the world’s oldest profession.† TodayRead MoreLegalization Of Prostitution And Prostitution1612 Words   |  7 PagesLegalization of Prostitution Prostitution law varies widely from country to country, and between jurisdictions within a country. Prostitution or sex work is legal in some parts of the world and regarded as a profession, while in other parts it is a crime punishable by death. In many jurisdictions prostitution is illegal. In other places prostitution itself is legal, but surrounding activities are illegal. In other jurisdictions prostitution is legal and regulated. In most jurisdictions which

Psychology and Geology - 965 Words

Psychology is the study of the mind and the behavior of mammals. Geology is a science that deals with the history of the earth and its life, recorded in rocks. The earth is consistently moving its tectonic plates. Therefore, there may be over 100 earthquakes a day; most of these earthquakes go unnoticed by humans on the crust of the earth. Other earthquakes for example, the one in 2011 located in Japan and the Loma Prieta earthquake of 1989 (Earth- Marshak). Unfortunately, many people died in horrific ways during these deadly earthquakes, leaving thousands diagnosed with psychological disorders such as, Posttraumatic Stress Disorder and Specific Phobias directly related to the natural environment of the earth. Having a specific†¦show more content†¦Four areas in Oakland and San Francisco were entirely destroyed including Los Gatos, Santa Cruz, and Watsonville. This earthquake caused 63 deaths, 3,757 injuries and over $8 billion in property damage. The Loma Prieta eart hquake’s epicenter was in the forest of Nisene Marks State Park, which is about 7 kilometers south of the Loma Prieta Mountains. There were 92 centimeters of displacement near the San Andres fault and only 2 centimeters of right lateral displacement in the Corralitos area. Some of the traumatic events that occurred during this earthquake were fires, that people burned alive in, falling building, that fell onto homes and loved ones, and various other devastating accidents. The next earthquake that will be discussed took place on March 11th in 2011. In Japan, not only was there a disastrous earthquake of an. 8.9 magnitude but a mortifying tsunami. Due to the earthquakes epicenter being located off shore this caused the shoreline to retract back out to sea and then pound back to the shoreline. Unfortunately, tsunamis are not easy to prepare for, the size in which they can occur is only known once it is in full motion. This tsunami took buildings out to sea, along with peop le, cars, and various other seemingly permanent objects. When all of the commotion was over, the Japanese still had to endure more than 100 after shocks while trying to find missing family members and friends. No ne couldShow MoreRelatedMy Favorite Time Of The Year1266 Words   |  6 Pagesfavorite time of the year was coming to an end, as I had to say goodbye to those worry-free, beach-bum summer days. Summer had passed before my eyes and it was now the start of my sophomore year in college. I was enrolled in a couple psychology classes for my major and a Geology class that would count towards my GE. The semester before was not the best, as it had a negative impact on my grade point average. So here I am again, another semester hoping the same thing does not happen again. I wake up, goRead MoreSocial and Natural Sciences Essay855 Words   |  4 Pagesmixing the solution and placing nails in it. Experiments are generally applicable to most of the natural sciences, including biology and physics. On the other hand, some natural sciences such as geology and certain areas of geography require naturalistic observation to create or justify knowledge. In geology, if one desires to obtain knowledge on glacier origins, he must physically observe the progressive formation of the glacier. This is a perfect example in which action is not applicable in the naturalRead MoreEnvironmental Psychology1009 Words   |  5 PagesEnvironmental Psychology Paper Robyn A. Cole August 13, 2012 PSY 460 Edward A. Muhammad, M.S. Environmental Psychology For more than the past ten years, the field of psychology has covered drawn out analysis and delved into the correlation among human beings and the environment. Clayton and Myers state that, â€Å"Recent quantitative assessments of the human impact on nature give a sobering picture: the Millennium Ecosystem Assessment found that about 60% of the earth’s ecosystem Read MoreCharles Darwin s Theory Of Natural Phenomenon And A Collector Of Specimen Essay853 Words   |  4 Pagesformed in Darwin’s book â€Å"On the Origin of Species† in 1859. Evolution by natural selection is one of the best substantiated theories in the history of science, supported by evidence from a wide variety of scientific disciplines including paleontology, geology, genetics and developmental biology. The process of natural selection can be â€Å"microevolution† or â€Å"macroevolution.† Darwin also showed that somehow all the species are somewhat connected. Basically Darwin was proving that life on Earth simply the resultRead MoreCommon Criticisms in Psychology Paper1486 Words   |  6 PagesCommon Criticisms in Psychology Paper University of Phoenix August 9, 2009 Common Criticisms in Psychology Paper The artificiality of inventive conditions in experimental environments is a repeated concern. How real can laboratory-based research be? This paper will explain the criticism of artificiality in the discipline of psychology and apply this criticism to at least three sub disciplines within psychology. This paper will also compare and contrast the breakthrough model of scientificRead MoreCharles Robert Darwin and his Revolutionary Ideas1111 Words   |  5 Pagesracism and classism, stating that individuals on the fringes of society must be there because they are literally an inferior subspecies of the human race. Darwin was also quite influential in the fields of: â€Å"geology, zoology, taxonomy, botany, paleontology, philosophy, anthropology, psychology, literature, and theology† (Darwin-online.org). Darwin’s theory of Natural Selection was so influential in these fields that it is called â€Å"the unifying theory of life sciences† because it helped others identifyRead MoreGlobal Warming Forewords Global warming is the result of a large concentration of CO2 and1400 Words   |  6 Pagesinvolves the understanding of thermodynamics in physics, carbon cycle in chemistry, effects of climatic changes on biosphere and carbon cycle in biology, and invariably, geology. The controversy regarding climate change can best be understood by studying elements of politics, international relations, business studies, and psychology involved in the phenomenon. The Mechanism of Global Warming The sun is the major source of energy to the earth. The energy generated from the tidal warming by the moonRead MoreScience Throughout the Ages912 Words   |  4 Pagesnations/states. The scientific revolution marked the separation of science into two main categories: Natural sciences and Social sciences. The natural sciences include physics, geology, chemistry, Astronomy, Biology, and Ecology as examples. The social sciences include Political science, Linguistics, Economics, Psychology, Sociology, and Anthropology. The natural sciences are the sciences that seek to answer the rules that govern the natural world through scientific methods. The social sciences applyRead MorePsychology in Greek Philosophy, Paragraphs1403 Words   |  6 PagesParagraph 1 Many people have contributed to the filed of psychology. Three whom I believe made significant impacts are Socrates, Aristotle and Rene Descartes. In the following section, I will briefly discuss a bit about each individual, and then talk about which of the four archetypes they each fall under based on the information presented. Socrates was a classical Greek philosopher who devoted his life and work to searching for moral good, virtue, and justice. He developed a methodRead MoreCharles Darwin : Explaining Emotion Through Evolution1526 Words   |  7 Pages As most of us know, Charles Darwin is known as the father of the theory of evolution. Darwin not only advanced our understanding of nature in the fields of science and biology, he also made a huge contribution to the field of psychology in his book entitled â€Å"The Expression of the Emotions in Man and Animals†. In it he argued that organisms develop the ability to express emotion as an adaptation to enhance their skills at surviving (Hockenbury Hockenbury, 2014). In essence

Analysis of Market Sector and Analysis of Business Plan Samples

Question: Discuss about the Analysis of Market Sector and Analysis of Business Plan. Answer: Banking Product Alignment of Business Busysim hardware is a financial services offering company that intends to offer several financial products and services to its entire target market segment. The target market of the company can facilitate the manager of the company in determining the best suitable marketing mix in serving the target market segment (Coffee Jr, Sale Henderson, 2015). The company will target its present consumers from personal banking, personal finance services and assets and investments. Busysim hardware can amalgamate its customer base at the time of amplification of the revenue from within the present consumers through greatly targeting the consumers those intend to spend on the card rather than hunting for new prospects. The target consumers of the company is intended to exist within middle to high range income segments as the products offered by the company is supposed to be moderately priced (Joshi, Bhatia, Raikar Pall, 2017). The company segments its target market relied on demographic and psyc hographic such as social class, age, occupation. In targeting its consumer segments within Australia, Busysim Hardware Company intends to support its important consumer groups that includes increasing number of globally minded, group of educated individuals internationally minded along with ambitious people from the middle market those consider valuing efficiency, simplicity and time (Joshi, Bhatia, Raikar Pall, 2017). The target consumers are also intended to be forward-looking and self-directed people those consider gaining access to broad along with practical knowledge and advice from a trusted partner to enhance their way to financial independence. To offer its consumers with range of financial planning resources that encompasses a team of accredited and trained financial planners. Target consumers of Busysim Hardware Company have a comprehensive selection of insurance, investment along with retirement savings products with exclusive offers. Banking and Financial Products Package Development Based on the needs and preferences of the target consumers of Busysim Hardware Company, it has considered developing several banking and financial products packages for addressing the needs of its target consumers. The financial services company includes several types of products for all its target consumers with distinct needs and wants (Law Robson, 2014). The company also considers offering financial services to all its consumers tat includes offering investment advice particularly for the stocks. Several types of credit card are offered by the company that includes classic, gold, platinum and premium credit cards. Through the credit cards offered by the company, the target consumers will be able to maintain the balance transfer that can facilitate them to transfer several dues of outstanding credit cards for the repayment at decreased interest rates. Moreover, the credit cards come with the facility of Loan on Phone because of converting certain purchase into easy instalments. Busysim Hardware Company will also have associations with CPP Assistance Services Private Limited for safeguarding the interest in case of card loss, related fraud (Mariotti Glackin, 2014). This card protects from the loss of vital cards and important documents that includes other debit, credit, membership, and ATM and loyalty cards. Moreover, the role shoppers can additionally apply within three additional credit cards for their siblings, children, spouse and parents. Certain other financial products that Busysim hardware company intends to offer includes refund application loans, debt collection, mortgage loan modification services, used car loans along with payday loans. Communication Channels and Campaign Busysim Hardware Company centres on maintaining sound communication with the customer along with implementing direct marketing strategies. The company considers advertising its credit cards by means of several marketing channels such as telemarketing and e-mail, hoardings, brochures, trade magazine advertisement and co-branding (Mills Haines, 2015). The company also considers generating a positive image of its offered financial products in order to make sure word-of-mouth strategy is effective for the product. The credit cards and several small business loans will be marketed trough co-branding with several business partners in form of coupons and discounts for the present cardholders (Coffee Jr, Sale Henderson, 2015). Busysim Hardware Companys strategy to offer several types of products expands the companys market horizons and also entertains convenience and effective communications. The company considers e-mail marketing as an important aspect of their total marketing mix that facilitates them to communicate in a better manner with all its target consumers in a targeted manner (Mariotti Glackin, 2014). The company also promotes that its financial services that includes short term loans and credit cards needs a pass code on manual swipes such as it ensures secure payment for the online purchases. Mechanisms to Monitor Suitability of Products Busysim Hardware Company can consider selling tangible consumer financial products those are obligated to monitor the financial products safety after they are sold to the target customers. For the investors, understanding and knowledge also has a vital role in the suitability of the financial products (Mariotti Glackin, 2014). The investors must be waiting of the risk understanding of the securities risk in their portfolios. The suitability of the financial products offered to the consumers can be monitored if the financial products help them in making informed. Moreover, suitability of the financial products can also be monitored through observing whether the target consumers are making effective choices through understanding the features of all its financial products, whether it is suitable for their personal purpose, financial products risk and price along with the interest conflicts associating the provider. Suitability of the financial services can be understood as the requirement in order to determine if the financial services have certain matching attributes based on the requirements of the consumers (Law Robson, 2014). Consumer suitability of the financial products can be monitored through analysing the financial services financial strength along with claiming paying ability, pricing stability, cost competitiveness, cash value liquidity along with historical performance of the assets invested within the policy cash values. Staff Briefing Plan for Tailored Product The staff of Busysim Hardware Company will include the founders of the company along with certain personnel associated with offering financial services to the target consumers (Law Robson, 2014). The personnel that will be include staff such as: Company research, sales and development of markers will be conducted by the founders of the business Personnel will be appointed that will be responsible for sales, account management, accounting and finance and marketing Research assistant will be appointed for assisting the founders on their reassert Bookkeepers will be responsible for handling the everyday accounts receivables along with payable duties Administrative assistant will be responsible for assorting odd and ends Accounts manager will be responsible for offering consumer support for their investment accounts Banking Product Alignment of Segment: Business Segmentation Based on Certain Variables Computershare is a financial services offering organization that means to offer a few financial items and administrations to its whole target market segment. The target market of the organization can encourage the manager of the organization in deciding the best appropriate marketing mix in serving the target market segment (Law Robson, 2014). The organization will focus on its present consumers from individual banking, individual finance services and assets and investments. Computershare can amalgamate its consumer base at the time of intensification of the income from inside the present purchasers through incredibly focusing on the customers that plan to spend on the card as opposed to chasing for new consumers. Demographic variables- The target consumers of the organization is proposed to exist within middle to high income sections as the items offered by the organization should be reasonably priced. The company will operate within retail industry and will be positioned as small company that needs findings from the financial service company (Coffee Jr, Sale Henderson, 2015). In targeting its shopper sections inside Australia Computershare organization plans to bolster its vital customer groups that incorporates expanding number of internationally minded, gathering of educated people along with ambitious individuals from the middle market those consider valuing effectiveness, straightforwardness and time. Operating Variables- the target consumers are additionally proposed to be forward-looking and self-guided individuals, those consider accessing wide alongside useful information and practical knowledge in accomplice to upgrade their approach to monetary freedom. To offer its consumers with scope of monetary arranging assets that includes a group of authorized and prepared financial planners (Coffee Jr, Sale Henderson, 2015). Target buyers of Busysim equipment organization have an exhaustive choice of insurance, investment alongside retirement funds products with selective offers. Banking and Financial Products Package Development In view of the necessities and inclinations of the target customers of Computershare organization, it has considered building up a few banking and financial products portfolios for tending to the requirements of its target consumers (Joshi, Bhatia, Raikar Pall, 2017). The financial services organization incorporates a few sorts of items for all its target customers with particular needs and needs. The organization likewise considers offering financial services to every one of its customers that includes offering investment advice especially for the stocks. A few sorts of Visa are offered by the organization that incorporates classic, gold, platinum and premium MasterCards. Through the Visas offered by the organization, the target consumers will have the capacity to maintain the balance exchange that can facilitate them to transfer several duties of exceptional credit cards for the reimbursement at diminished loan fees (Mills Haines, 2015). Additionally, the MasterCards accompanies the office of "loan on Phone" as a result of changing over certain buy into simple instalments. Computershare organization will likewise have affiliations with CPP Assistance Services Private Limited for defending the enthusiasm for instance of card loss, related fraud. This card protects from the loss of essential cards and vital documents that incorporates other debit, credit, membership, and ATM and loyalty cards (Joshi, Bhatia, Raikar Pall, 2017). Besides, the target customers can also apply inside three extra loan amounts for their new business or business expansion decisions. Certain other financial items that Computershare organization expects to offer incorporates discount application loans, debt accumulation, mortgage loan modification services, utilized auto loans alongside payday loans for small businesses (Coffee Jr, Sale Henderson, 2015). Monitoring Campaign and Performance Indicators for Ensuring Small Business Engagement Computershare organization can consider selling substantial consumer financial items those are committed to screen the financial items wellbeing after they are sold to the target clients. For the investors, comprehension and information additionally has an imperative part in the suitability of the financial products. The investors must be awaited of the risk comprehension of the securities chance in their portfolios (Joshi, Bhatia, Raikar Pall, 2017). The appropriateness of the financial items offered to the consumers can be checked if the financial items help them in making informed. In addition, suitability of the financial items can likewise be checked through observing whether the target consumers are settling on successful decisions through understanding the elements of all its monetary items, whether it is reasonable for their own motivation, financial item's risk and cost alongside the interest conflict with the supplier (Joshi, Bhatia, Raikar Pall, 2017). Suitability of the financial services can be comprehended as the necessity in order to decide whether the monetary administrations have certain coordinating attributes in light of the prerequisites of the buyers (Mills Haines, 2015). Consumer suitability of the financial items can be checked through examining the financial services, financial quality alongside asserting paying capacity, evaluating dependability, cost aggressiveness; cash esteem liquidity alongside historical performance of the assets invested inside the policy money values. Segment Information and Product Package with Communication Campaign Computershare organization focuses on keeping up sound communication with the consumers alongside using direct promoting procedures. The organization considers advertising its credit cards and small business loans by methods for a few marketing channels, for example, telemarketing and email, hoardings, leaflets, trade magazine ad and co-branding (Joshi, Bhatia, Raikar Pall, 2017). The organization additionally considers creating a positive image of its offered financial products and services keeping in mind the end goal to ensure mouth-to-mouth strategy are powerful for the item. The credit cards and a few private business loans will be promoted trough co-branding with a few business partners in type of coupons and rebates for the present cardholders. Computershare organization's technique to offer a few sorts of items extends the organization's market skylines and furthermore entertains accommodation and viable communications. The organization considers email advertising as an essential part of their total marketing strategy that encourages them to impart in a superior way with all its target consumers in a focused way (Coffee Jr, Sale Henderson, 2015). The organization additionally promotes that its financial services that includes short-term loans and credit cards needs a password on manual swipes, for example, it guarantees secure instalment for the online buys. References Coffee Jr, J. C., Sale, H., Henderson, M. T. (2015). Securities regulation: Cases and materials. Joshi, S., Bhatia, S., Raikar, K., Pall, H. (2017). Customer experience and associated customer behaviour in end user devices and technologies (smartphones, mobile internet, mobile financial services).International Journal of High Performance Computing and Networking,10(1-2), 118-126. Law, M. D., Robson, G. (2014). A Case Study For Accounting Information Systems-A Business Continuity Plan For Protecting Critical Financial Information In The NYC Financial Services Industry.The Review of Business Information Systems (Online),18(1), 15. Mariotti, S., Glackin, C. (2014).Entrepreneurship and small business management. Pearson Higher Ed. Mills, A., Haines, P. (2015).Essential strategies for financial services compliance. John Wiley Sons.

Unemployment in New Jersey

Introduction New Jersey is a state in America that boarders New York and Philadelphia. Economic situation of New Jersey is essential to world’s economy. Labor force is integral to economic situation of New Jersey. In this regard, employment and levels of unemployment should be monitored so as to ensure that economy is stable.Advertising We will write a custom essay sample on Unemployment in New Jersey specifically for you for only $16.05 $11/page Learn More The essay will focus on outlining trends of labor force in New Jersey over the last one year. Focus will be on changes recorded from October 2012 to October 2013, in relation to labor force. Factors that affect participation rate in labor will be highlighted. Age and ethnicity will be considered in process of comprehending trends of labor force in New Jersey. A comprehensive summary of findings will be made, so as to provide a valid conclusion on the situation of labor force in New Jersey. Geog raphically, New Jersey is the fourth smallest but eleventh state in terms of population size. Economically, it is third richest state in America. According to population estimates by United States Census Bureau in 2012, New Jersey had 8,864,590 residents. Population of the state had increased by 0.8% from estimates done in 2010. In 2010, the state had 8,791,894 residents. Ethnic categories in New Jersey comprise of 68.6% White Americans, 13.7% African Americans, 0.3% Native Americans, 8.3% Asian Americans, 6.4% other races and 2.7% Multiracial Americans. Latinos constitute 17.7% of the population, while Non-Hispanic Whites are 58.9% of the population. According to US Bureau of Labor Statics, there has been a rise of 204,000 people in nonfarm employment in October, 2013. The unemployment rate is at 7.3%. There has been a notable increment of employment in trade, technical services, health, manufacturing, and hospitality sectors. Out of the total population11.3 million people living i n New Jersey were unemployed by October 2013. There was an increase in number of temporal layoffs, as evidenced by an alarming figure of 448,000 people. Teenagers were the most affected by unemployment as they constituted 22.2% of unemployed population. Adult men accounted for 7% of unemployed population while women constituted 6.4%. Whites accounted for 6.3% of unemployed population while Hispanics constituted 6.8%. 13.1% of those who were unemployed were Blacks. Asians accounted for 5.2% of the unemployed population in New Jersey. More Whites are in white collar jobs, while most Blacks engage in manual jobs. Notably, statistics have changed slightly over the past twelve months.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Long term unemployment that is defined as job lasting for less than 27 weeks, increased to 4.1 million people in New Jersey. Long term unemployed residents constitute d 36.1% of total unemployment levels. There has been a decrease of 954,000 people who are unemployed in the state over the past 12 months. There has been a decrease in labor force of civilians over the past year, as evidenced by a decrease of 720,000 in October 2013. The decrease is interpreted as a 0.4% decline from month of September. There has been a decline in overall employment of 735,000 residents of New Jersey between September and October. Percentage of employment decline from September to October is 0.3%. The decline was attributed to a drop in employment in federal government sector. The level of part time employment slightly increased to 8.1 million in October. Part time workers were those who were unable to find full time jobs or had tight schedules and had to engage in economic generating activities. Labor force accounted for 2.3 million marginal attachments that had decreased from 2.4 million in the past 12 months. Those who were marginally attached could not be consid ered as unemployed. The decline in those marginally attached can be attributed to frustrations and discouragements. There was an increase in number of people who had been discouraged to find jobs over the year, since October recorded a figure of 815,000 people who never sought for jobs. There has been a notable increase of nonfarm employment over the past twelve months. Every month accounted for 190,000 employment growth. Despite the employment increase in October, government employment assumed a downward trend. Hospitality industry employed 53,000 people in October 2013. Twelve months recorded uniform growth of 29,000 jobs in food industry. Retail trade employment growth can be averaged at 31,000 jobs over the past twelve months. However in October, the industry recorded an increment of 44,000 jobs. The unemployment rates have been stagnant over the past twelve months. Despite the fact that there are high levels of unemployment, there is a difference in the percentage constituted b y different ethnic groups. The trend of 2013 seems to be a continuity of year 2012 that was characterized by high unemployment rates. Over the past one year unemployment population has reduced from 7.9% to 7.3% in New Jersey. There has been an increment of people who are not in labor force from 88,507 in October 2012 to 91,541 in October 2013.Advertising We will write a custom essay sample on Unemployment in New Jersey specifically for you for only $16.05 $11/page Learn More Total number of residents in New Jersey who want a job has decreased from 6,584 in October 2012 to 6,162 in October 2013. Participation rate has decreased over the year as evidenced by 68.8% in October 2012 and 62.8% in October 2013. The percentage of those employed has also reduced as evidenced by 58.7% in October 2012 and 58.3% in October 2013. There has been a rise in the number of those employed from 143,328 in October 2012 to 143,568 in October 2013 (Shierholz 18). There has be en a decline in participation rate of men aged between 16 and 19 years, as evidenced by 70.2% in October 2012 and 69.2% in October 2013. The number of those who are unemployed has decreased, as evidenced by 8% in October 2012 and 7.6% in October 2013. There have been insignificant changes in those who are employed over the year as evidenced by 76,027 in 0ctober 2012 and 76,074 in October 2013. The participation rate of men who are aged above 20 years has also decreased from 73% in October 2012 to 71.9% in October 2013. There has been insignificant change in this category of men who are employed over the past twelve months. Unemployment rate has dropped from 7.9% in October 2012 to 7.3% in October 2013. Participation rate of women aged between 16 and 19 years has dropped from 57.7% in October 2012 to 56. 9% in October 2013. Unemployment ratio reduced from 53.3% in October 2012 to 53% in October 2013. Unemployment rates of this category of women have dropped from 7.7% in October 2012 to 6.9% in October 2013. Participation rates of women who were above 20 years have declined from 59.4% in October 2012 to 58.5% in October 2013. Unemployment rate of these women have declined from 7.2 % in October 2012 to 6.4% in October 2013. There has been a decline of unemployment in non agricultural sector as evidenced by 7.5% in October 2012 and 7% in October 2013. The government sector has recorded increased unemployment levels over the last twelve months, as evidenced by 4.2% in October 2012 and 4.4% in October 2013. Similarly, agriculture sector has also recorded an increase in number of unemployed people as evidenced by 9.5% in October 2012 and 10.7% in October 2013. Unemployment in white collar jobs has decreased over the years, as evidenced by 8.1% in October 2012 and 7.5% in October 2013. Despite the fact that percentages may indicate that white collar sector is reducing the unemployment levels more than manual jobs, actual figure of unemployment is highest in white coll ar jobs. For instance, unemployment of white collar jobs is at 1,208 while that in agricultural sector is at 163 (Bivens and Fieldhouse 15).Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Summary From above findings, there have been slight changes in the situation of labor force in New Jersey. Men are the most significant contributors to labor force in New Jersey. Despite the fact that there is a difference between participation rate of men aged between 16 and 19 years and those above 20 years, they collectively participate more in labor force than women. Variance between men and women in contribution to labor can be attributed to social as well as biological factors. For instance, women are expected to engage in many activities that are defined by the society, while men engage in income generating activities holistically. There is a variance between the participation rate of teens and adults. Despite the gender, adults participate more in labor force than teenagers. Low participation from teenagers can be attributed to the fact that most employers prefer experienced individuals to inexperienced ones. In this regard, adults have more work experience than teenagers he nce participate more in labor market. High unemployment rates of Black Americans can be attributed to social structures like racism that render the race vulnerable to exploitation and poor living conditions, including unemployment. Whites constitute lowest percentage of unemployment in New Jersey. Notably, most employees in white collar jobs are Whites. There are more Blacks in manual jobs than Whites and Asians. Percentage of Whites who are unemployed is higher than unemployed Whites. It should be noted that, Whites are the majority and representation of a percentage figure does not mean that there are more Asians employed than Whites (Algernon 12). Conclusion Labor is integral to economic situation of any region. Policies should focus on reducing levels of unemployment as much as possible, so as to maximize on the economic growth. Unemployment trends in New Jersey have not changed significantly over the past twelve months. Despite the fact that high unemployment levels can be attr ibuted to recession in 2009, necessary strategies should be adopted so as to remedy the situation. Unemployment in New Jersey assumes ethnic and age patterns. Generally, Whites, Latinos, and Blacks are still in employment crises in New Jersey. Focus should be on creation of more jobs and narrowing the gap between races. Collective approach in solving issue of unemployment is likely to increase levels of employment even more. More specific solutions that reduce percentage of unemployment of Blacks and Latinos should also be adopted. The effects of unemployment are devastating to victims and concerned region as well. Despite the fact that New Jersey has a stable economy, high unemployment is also evident. Works Cited Algernon, Austin. â€Å"Infrastructure Investments and Latino and African American Job Creation.† Economic Policy Institute Issue Brief. 352.1 (2013): 20-52. Bivens, Josh, and Andrew Fieldhouse. â€Å"When and What Kind of Deficit Reduction Matters Most: The Dange r of Aggressive 10-year Deficit Targets in the Current Budget Debate.† Working Economics. 3.2 (2013): 5-20. Web. Shierholz, Heidi. â€Å"Status Quo Is Not Good Enough.† Economic Policy Institute Economic Indicators. 16.1 (2013): 10-20. Web. Appendix Level of unemployment in New Jersey over the last twelve months. This essay on Unemployment in New Jersey was written and submitted by user Dylan George to help you with your own studies. 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