California Unemployment Essay

An increase or decrease in the unemployment rate can have a multiple effects on the Australian economy, both beneficial as well detrimental to the economic conditions and the societal outlook.

The unemployment rate has dramatically increased over the last several months. This increase has created many complications for the American people. Although the United States economy has created over 7 million jobs, there is still a long way to go until the economy is back on track.

Over the past five years, the federal government has also found it difficult to measure “improvement” in states. Currently, success is based in terms of job entry rate or increases over time in job entry rate, retention rate, and earnings gain. States may use quarterly unemployment insurance wage records, surveys, administrative records, or a combination of those data sources. States are given wide latitude in the sources of information they report. Also, to further distort the findings, there is no baseline data with which to make comparisons (Danziger, 2000).

Beginning with unemployment in the 2007-2009 recession, U.S. unemployment rates peaked at 10% as well as held 41 consecutive months at rates higher than eight percent (Lazear 1). The U.S. economy plummeted during this time; many attributed the shift to a large decrease in the number of employed workers. To be able to better understand the unemployment issue, we must first examine the form of unemployment faced by the U.S. economy. Many believe that the changes faced by the U.S. labor market

In addition to the Housing Bible hit, California also lost 952,800 jobs between July 2007 and July 2009. These losses erased the 846,000 jobs that the state had gained in the four-year period between July 2003 and July 2007. Particularly hard hit was the construction industry, in which the number of jobs fell by almost 30 percent. By July 2009, California’s rate of unemployment rate was at 11.9 percent. Another downside was that an estimated 1.4 million Californians were underemployed, many working in low paying, part-time jobs which lacked benefits such as healthcare. Many workers found themselves working in positions in which they were overqualified and their skills were largely unused.

From what is supposedly being shown in papers and on the news the U.S. economy is currently concerned about unemployment, caused by the recession. This “current macroeconomic situation” is pardoning my language freaking a lot of individuals out, because some have no idea of how it is going to get better. The news/media is not painting us such a pretty picture of it, by calling it “this decade’s depression”. The unemployment rate is at 8.2% as of July 2012, whereas the average in 1948 was at 5.6%.

The Depression was a gruesome time where people had worked relentlessly to survive. Unemployment today is as severe as it was in the 1930s, the unemployment rate of today is nowhere near the unemployment of the Great Depression. A pair of economists with the Federal Reserve Bank of Dallas created report called “A Historical Look at the Labor Market During Recessions”. The report is a graph of the WWII Recession, showing that the unemployment rate of a few years ago has past the unemployment rate of the WWII Recession. In 2008 the authors wrote the Unemployment Rate, it’s a report that describes the recessions of the past to the years of 2006 to 2011. The most of the recessions are above or near the average, but the highest recession is the Great Depression.

One of the main issues Texas has today is whether or not immigrants are a benefit in the job market or not. In 2011, Camarota and Webster were able to provide statistics about who benefited from job growth in Texas. Back in 2007, the Governor of Texas, Rick Perry, created thousands of jobs for Texans with the purpose to help its residents. Unfortunately, statistics show that the ones that were benefitted the most from the jobs that were created were the immigrants (illegal & legal) not the native-born citizens “ Of jobs created in Texas since 2007, 81 percent were taken by newly arrived immigrant workers (legal & illegal).” This is a problem because as it is shown Table 2 in the year 2007 the rate of native unemployment was 4.0% and later on

The unemployment rate averaged 8.5% in 1975, almost 10% in 1982, and has been above 8.8% for more than two years, with little evidence of any improvement ahead.”

Thank you for providing students the opportunity to explore their perspectives. In this reflection paper, I will summarize my comprehension of the Great Depression and Recession, react to readings and lectures and share my views of a remarkable article that I recently read. In today’s fast-paced world, students, similar to many Americans, do not have enough time in a day to notice the intensity of the economy in their ultimate satisfaction, happiness, and overall well-being.

In this presentation I will compare two articles on the latest jobs report published by the U.S. Department of Labor. I will contrast Danielle Paquette’s article “Job growth slumped in August” with Nelson D. Schwartz’s article “Manufacturing Is a Bright Spot in a Subdued Jobs Report”. I will first begin by simply looking at the tone of each title, as that is the first thing that catches the reader's eye.

However, life has changed, globalization and feminism have had a huge impact on the work environment all around the world. Technology has also made many jobs easier, yet very, very similar. Because of these changes, unemployment has become an issue all around the globe. The government views the unemployment situation as an individual problem.  From the government’s perspective, unemployment is due to the lack of training of the individual.  However, because

The United States is currently experiencing a slow recovery from the recession of 2008-09. The current unemployment rate is 7.7%, which is the lowest level since December of 2008 (BLS, 2012). However, this rate is believed to higher than the rate that would occur if the economy was operating at peak efficiency, and it is also believed that there are structural issues still underpinning this performance. For example, the number of Americans who have exited the work force as the result of prolonged unemployment is believed to be higher than usual. In addition, the Congressional Budget Office (CBO, 2012) notes that long-term unemployment of greater than 26 weeks is at a much higher rate than normal, which will have adverse long-run effects on the economy, since workers with long-term unemployment often find their career paths derailed.

Specific Purpose: To persuade my audience that extending unemployment benefits strains an already overused and failing government program.

Unemployment has always been something that Americans have worried about since the great depression in which one in every four people was unemployed. High unemployment has an impact on every one even those whom are still currently employed. For example if the unemployment rate is particular high then even those with jobs get worried. Unemployment is also separated in to distinct categories base on which group is the focus of the study. The categories can be by race, age or location, for example the unemployment rate of those between the age of sixty and sixty-five could be compared those between the ages of thirty and thirty-five. These categories allow economist to see which groups are the best and which groups are worst off. One group