Question

Due to low interest rates, increased banking regulations, and technological change, JPMorgan Chase announced it would ________ the number of persons it employed in 2015 and this would ________ the total number of persons unemployed in the economy.

Answer 1

Reduce the number of persons it employed

This will increase the total no of unemployed

Step-by-step explanation:

Some of the effects of low interest rate , increased banking regulation and technological change is the reduction in the size of employees which leads to an increased no of unemployed in the society.

As banks generate most of its income from interest rate , a lower interest rates mean that less income will be generated and reducing the staff strength is a way of managing this.

So also , technological changes mean that a whole lot of function can now be automated .

Answer 2

Reduce. Increase

Step-by-step explanation:

Low interest rates are the worst ever kind of crisis that a firm ,business or company wishes to be in. The main aim of every business is to make profits and when a major aim is defeated, the reason for existence is void. JPMorgan Chase might not be willing to let go of so many employees but are being forced to because they may be stuck in a pool of losses and will not wish to drown in it. Relievinge some workers of their duties might be a sensibl step because this helps to cut down some expenses and this might check if the firm can maintain some balance or be forced to close down due to debts.

On the other hand, reduction of workers increases the number of unemployed in a state. it cuts down expenses through wages for a firm but increases the unemployment rate in that state.