Saturday, July 28, 2012

Author:M. Azim Ulfati

Competing in the World Markets

Determine what action steps a manufacturing business would take to decide whether to trade with a foreign country. If this were a service business, determine what action steps might be similar or different. Prioritize three key factors for participating in the information economy on a global basis and provide your rationale.
I believe that business is a crucial and profit seeking activity for growth through providing goods and services for the economy of a nation. It is the exchange of product between buyer and seller.
In order to decide and make stable action steps toward business, participate and trade with a foreign country, extend the potential business of a company on a global basis, you need to incur additional costs and watch for action steps and key factors for participating in the economy on a global basis as the following.
Methods of doing business with foreign country like, ways of entering a foreign market, direct and indirect exporting and importing, licensing, joint ventures and off shoring production.
International business plans and decisions like importing and exporting strategies, markets and legal requirements.
Analyzing industry and business capabilities like preview of your current industry status today and prediction of your company for the next few years in domestic and foreign market, assessment of your business for it’s weaknesses and strength, your competition in domestic and foreign market, the needs that would need to be filled by your products in a foreign market, restrictions of your products in a foreign country and so on.
When you decided to seriously participate in foreign information economy business then you need to find out and prioritize the following factors for your trades and businesses with any foreign country.
Geographic and demographic factors like per capita GDP, population size, and infrastructures, human and natural resources.
Political factors like security and stability in the country, the relations and political differences of countries, trade obstacles or restrictions tariffs and administrative barriers and compacts.
Economical factors for example, currency exchange rate, stability, capital incomes, legal regulations and laws and inflation rate.
Cultural and social factors for instance, language, customs, traditions barriers, and education or literacy rate, background, religious and attitude values.
Market factors like trade barriers, limitations such as documentations, infrastructures, skills, country law, policies and regulations, high tariffs level.
Distribution and production factors like local labor laws and policies, manufacturing conditions, infrastructures and so on.
Any way at the end I want to say that it is very important for any business person to first determine about the expansion of market in which they want to do business and also which market to enter and find out the barriers or obstacles to foreign or international trade, key factors like tariffs, non tariffs, taxes, imports, key decisions and all the other above discussed steps and factors for a good and successful business on a global basis.
Author:M. Azim Ulfati

Unemployment Rates in the United States of America and two States with the lowest unemployment


The United States of America unemployment status rate has not changed very much from 8.2 percent according to the U.S. Bureau of Labor Statistics on June 2012 but it has gradually risen in the past 8 years, the number of unemployed people are (12.7 million).
Based on the argues in media, the United States of America may face greater unemployment if more jobs are not added by the USA industries, factories and all other private enterprise sectors who have economical influences within the United States and overseas.
I believe that there is relatively not enough research about unemployment within the United States of America. It seems that changes in the flow of laborers have caused by a cyclical shock and as well as the unemployment rate affected by the mutual interaction of movements unique to each demographic property. Following is a chart of data extracted on July 2012 by the labor force statistics from the current population survey. There are many factors that contribute to unemployment of Virginia state for instance, recession, inflation, rapid changes in technology, lack of employment. All the above factors can be categorized to cyclical unemployment and structural unemployment.

Series Id: LNS14000000
Seasonally
Adjusted
Series title: (Seas) Unemployment
Rate
Labor force status:  Unemployment rate

Type of data: Percent or rate

Age:16 years and over
Year
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Annual
2002
5.7
5.7
5.7
5.9
5.8
5.8
5.8
5.7
5.7
5.7
5.9
6.0

2003
5.8
5.9
5.9
6.0
6.1
6.3
6.2
6.1
6.1
6.0
5.8
5.7

2004
5.7
5.6
5.8
5.6
5.6
5.6
5.5
5.4
5.4
5.5
5.4
5.4

2005
5.3
5.4
5.2
5.2
5.1
5.0
5.0
4.9
5.0
5.0
5.0
4.9

2006
4.7
4.8
4.7
4.7
4.6
4.6
4.7
4.7
4.5
4.4
4.5
4.4

2007
4.6
4.5
4.4
4.5
4.4
4.6
4.7
4.6
4.7
4.7
4.7
5.0

2008
5.0
4.9
5.1
5.0
5.4
5.6
5.8
6.1
6.1
6.5
6.8
7.3

2009
7.8
8.3
8.7
8.9
9.4
9.5
9.5
9.6
9.8
10.0
9.9
9.9

2010
9.7
9.8
9.8
9.9
9.6
9.4
9.5
9.6
9.5
9.5
9.8
9.4

2011
9.1
9.0
8.9
9.0
9.0
9.1
9.1
9.1
9.0
8.9
8.7
8.5

2012
8.3
8.3
8.2
8.1
8.2








("Economic news releases," )

HOUSEHOLD DATA
Table A-12. Unemployed persons by duration of unemployment
[Numbers in thousands]

Duration
Not seasonally adjusted
Seasonally adjusted

June
2011
May
2012
June
2012
June
2011
Feb.
2012
Mar.
2012
Apr.
2012
May
2012
June
2012

NUMBER OF UNEMPLOYED


Less than 5 weeks
3,808
2,572
3,627
3,068
2,541
2,572
2,543
2,580
2,810

5 to 14 weeks
2,698
2,442
2,546
2,976
2,807
2,754
2,814
3,002
2,826

15 weeks and over
7,903
7,257
7,010
8,137
7,397
7,175
6,984
7,073
7,182

15 to 26 weeks
1,845
1,852
1,793
1,874
1,971
1,867
1,884
1,662
1,811

27 weeks and over
6,058
5,405
5,217
6,263
5,426
5,308
5,101
5,411
5,370



Average (mean) duration, in weeks(1)
38.0
41.4
38.2
39.8
40.0
39.4
39.1
39.7
39.9

Median duration, in weeks
19.3
22.0
17.4
22.1
20.3
19.9
19.4
20.1
19.8



PERCENT DISTRIBUTION


Less than 5 weeks
26.4
21.0
27.5
21.6
19.9
20.6
20.6
20.4
21.9

5 to 14 weeks
18.7
19.9
19.3
21.0
22.0
22.0
22.8
23.7
22.0

15 weeks and over
54.8
59.1
53.2
57.4
58.0
57.4
56.6
55.9
56.0

15 to 26 weeks
12.8
15.1
13.6
13.2
15.5
14.9
15.3
13.1
14.1

27 weeks and over
42.0
44.0
39.6
44.2
42.6
42.5
41.3
42.8
41.9

Footnotes
(1) Beginning in January 2011, this series reflects a change to the collection of data on unemployment duration. For more information, see www.bls.gov/cps/duration.htm.
("Economic news releases," )

NOTE: Updated population controls are introduced annually with the release of January data.("Economic news releases," )

("Economic news releases," )

Virginia Unemployment
According to the BLS current population survey (CPS), the unemployment rate for Virginia fell 0.0 percentage points in May 2012 to 5.6%. The state unemployment rate was 2.6 percentage points lower than the national rate for the month. The unemployment rate in Virginia peaked in January 2010 at 7.3% and is now 1.7 percentage points lower. From a post peak low of 5.6% in March 2012, the unemployment rate has now grown by 0.0 percentage points. You can also see Virginia unemployment compared to other states. ("Economic news releases," )
Unemployment Rate
May 2012
Month/Month
Year/Year
National
8.2%
+0.1
-0.8
Virginia
5.6%
0.0
-0.6
Unemployment Rate: Virginia, National

Virginia Unemployed
The number of people unemployed in Virginia peaked in February 2010 at 307,130. There are now 65,268 fewer people unemployed in the state. From a recent trough of 241,571 in April 2012, the number of unemployed has now grown by 291. Virginia job growth data is also available. ("Economic news releases," )
Unemployed Persons
May 2012
Month/Month
Year/Year
Virginia
241,862
+291
-24,353
Number of Unemployed Persons

Virginia Unemployment History
Date
National
s Unemployment Rate
Virginia
s Unemployment Rate
Virginia
s Unemployed
May 2012
8.2%
5.6%
241,862
April 2012
8.1%
5.6%
241,571
March 2012
8.2%
5.6%
244,799
February 2012
8.3%
5.7%
249,620
January 2012
8.3%
5.8%
253,548
December 2011
8.5%
6.1%
263,722
November 2011
8.7%
6.2%
267,090
October 2011
8.9%
6.2%
270,318
September 2011
9.0%
6.3%
273,073
August 2011
9.1%
6.4%
274,390
July 2011
9.1%
6.4%
273,286
June 2011
9.1%
6.3%
270,017
May 2011
9.0%
6.2%
266,215

("e u.s. bureau," 2012)
Nebraska -- 3.9% Unemployment
The rate of unemployment has fallen just six-tenths of a percentage point since May 2011. But with today's 3.9 percent unemployment -- less than half the national average unemployment rate -- few in the Nebraska Cornhusker State are likely to complain about it.The unemployment in this state is due to the agricultural strength and we can say that it is the second state that has the lowest unemployment rate.
The factors of unemployment in this state is also due to minimum wage set by federal law.
 No state statute protecting former employers who provide references
Relatively high workers’l compensation benefits.

 North Dakota -- 3.0% Unemployment
I think that North Dakota's unemployment may not have fallen all that much since May of last year, but no matter. From an already stellar 3.5% to today's 3.0%, no other state manages to get closer to perfection. On the other hand I can say that it has the lowest foreclosure and credit card default rate too.
This state produces 50% of the entire nation's spring wheat crop, more than the next largest wheat producers --  Minnesota, Montana and South Dakota -- combined. 
In conclusion we can find out that the factors of unemployment in this state is due to shortage of labor and certainly oil.

References

Christian, J. (2012). 10 states where the unemployment rate keeps shrinking. Retrieved 

(2012). e u.s. bureau of labor statistics. THE EMPLOYMENT SITUATION —JUNE 2012 , Retrieved from http://www.bls.gov/

(n.d.). Economic news releases. HOUSEHOLD DATA Table A-12. Unemployed persons by duration of unemployment , Retrieved from http://www.bls.gov/bls/newsrels.htm