From 2006 to 2012, the gross domestic product in the Northern - TopicsExpress



          

From 2006 to 2012, the gross domestic product in the Northern Mariana Islands plummeted by 36 percent and the employment rate fell by 45 percent. Average earnings increased by 29 percent, but local prices rose by 31 percent. The wage increases have left the islands’ economies dependent on tourism from Russia and China. Economic conditions are even worse in American Samoa. Since 2007, the minimum wage in American Samoa has increased three times across 18 individual work sectors, ranging from $4.18 to $5.59 per hour. The GAO reported that average earnings in American Samoa rose by 27 percent, but local prices increased by 34 percent. The employment rate in American Samoa declined by 11 percent from 2007 to 2012, and average inflation-adjusted earnings fell by 5 percent. In the tuna canning industry alone, the employment rate fell by 58 percent from 2007 to 2013.
Posted on: Tue, 29 Jul 2014 06:47:52 +0000

Trending Topics



"margin-left:0px; min-height:30px;"> Ke a lekwa le bolela ka fathers day...whyl u r guys r busy
Happy Thanksgiving everyone!!! Im thankful for my family n friend
A GLIMPSE ON MANIPURI AMAIBAS AND AMAIBIS. Khwairakpam
“All The Way” a duet with Frank Sinatra, who is one of

Recently Viewed Topics




© 2015