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Analysis of article: Sinking Oil Prices Send Job Cuts Soaring

Subject: Marketing Research

Paper Model: APA

Paper Type: Research Paper

Total Words: 378

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Document Outline

Economic Concept of the article
List of the players involved and impacted
Opinion on the impact of the article


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Economic Concept of the article: This article is about the effects of the oil prices on the income of the individual. This includes the employment and per capita income of the individual.

List of the players involved and impacted: The players involved are Bureau of Labor Statistics, employers, employees, Chief Economist and Federal Reserve Chair.

Opinion on the impact of the article: This article is about prices of oil in the international market. Due to the decrease in the market of oil in prices, many employers in the US are going to cut down the employees from the companies. The reason is the sudden reduction in the revenues and profits of the companies. According to the Bureau of Labor Statistics the unemployment rate, will 5.6%.  The oil prices are responsible about 36% cut in the jobs for the year 2015. This is an alarming situation for the economy of US. The increase in the unemployment rate increases the burden on the economy of the US. Moreover, the huge job cuts also affect the payroll of the labor force.


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