Essay on Causes of Unemployment

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.

In 2011, the rate of unemployment is at 9%. Although there is a decline it has been rather slow. Financial analysts predict that unemployment rate would drop to 8%. Even for the people who still have their jobs the hours that they work have been reduced since then. With reduced hours the productivity of the workers would not be fully exploited which in the end, affects the economy. This is so because with a small fiscal base the economy has not been able to recover from recession fast enough. Although there have been positive growths in the employment rates these growths are barely enough. They do little to help in the dire situation. This only means that joblessness is something that the population would have learned to live with.

The unemployment rate in America is a huge factor with noticing on how well the labor force has been doing in the past. Overall the unemployment rate in America has been slowly decreasing in the past couple of years. “The unemployment rate hit 10 percent in October [2009], and there are good reasons to believe that by 2011, 2012, even 2014, it will have declined only a little” (Peck). It is a slow process, but hopefully in the future it will not be a problem anymore. Another statistic that should be looked at is the poverty rate in America. “The official poverty rate in 2006 was 12.3 percent, down from 12.6 percent in 2005” (U.S. Census Bureau). The poverty level has relatively remained level and has not changed drastically. The poverty

Another problem that will add to the rising unemployment rates according to David Pinsen in his article named why is the unemployment rate so high “China has devalued their currency so that they could create a job market boom.” If the cost to do business in the United States keeps rising we will lose more business overseas.

In addition, opponents of the dream act claim that the 800,000 young people that qualified for DACA are taking jobs that belong to U.S. citizens. The dreamers have a tough fight ahead of them as attorney general Jeff Sessions went on to attack the dreamers uncompanionably by explaining that, because of them “hundreds of thousands of jobs were denied to U.s workers and given to the DACA beneficiaries. The statement made by the attorney general implies that there is an exact number of us jobs available and that the millions of Americans who are currently unemployed can blame fully blame the dreamers without taking into consideration the many factors that contribute to the unemployment of Americans. However it is important to note that the general failed to provide evidence or statistics to support his claim. Therefore, I will point out limitation to his argument by providing clear statistics that show that, the US labor market has been relatively healthy in recent years and even continues to improve. To illustrate, the graph below represents the US unemployment rate. The graph shows that, the US experienced a steady decline in the national unemployment rate, and according to data released in September by the US department of labor, there is an estimated 6.17 million job openings as of July 2017.

Young adults may have a lower chance of getting employment with a lower income as they may have fewer qualifications as left school at a younger age.

One of the downfalls resulting from the Great Recession is the unemployment rate. Approximately 14 million Americans remained unemployed and about half of them were unemployed for over six months. Of that 14 million, 11.3 million of them were barely working, and if they were employed it was mainly part time jobs. Some felt that it would take over a decade to get unemployment rates back to 5%. With unemployment rates raising it also can affect the education of our nation and the future of our nation. The children's education is affected because a lot of them are switching schools and districts due to their unstable conditions at home. More and more parents are out of jobs which makes it hard for them to support their children financially in

I believe it is harder for youth in America to find work because of the thirty to fourty years olds are filling the less meaningful jobs like fast food or gerocery stores as a permanent job. This is no allowing the younger generation to work these jobs while in hogh school or even college. also believe that a large percentage of todays youth lack a strong work ethic and and want something for free. “Millennials are the worst generation. They’re lazy, unmotivated, disconnected and they want a trophy for every little thing they do.” Labor Force Participation Rate is defiend as “the percentage of the population that is either employed or unemployed that is, either working or actively seeking work. People with jobs are employed or People who are jobless, looking for a job, and available for work are unemployed. The labor force is made up of the employed and the unemployed. People who are neither employed nor unemployed are not in the labor force.”

The recent job growth is impressive with an increase in 3.4% though the unemployment rate is still at 10% (U.S. average is 5.2%). With this recent increase, there is

America is at the brink of becoming a third world country and anyone can see how it is through the American economy. Many Americans have low income jobs or are unemployed, and businesses are leaving the U.S. to continue their operations overseas (Roberts). The economy is a main foundation of America and if it is not doing well then the country as a whole is prosperous.

Sociologists study human society. Their studies include human behavior in many social contexts such as social interaction, social institutions and organization, social change and development (Abraham). Because of the broad spectrum of social circumstances that are studied, unemployment is an issue in which sociologists thrive. Conflict in the areas of age, race, gender, and disability is common among the employed as well as the unemployed.  From a sociological perspective, unemployment can be studied through both the Functionalist Theory and Conflict Theory.  It also touches upon the results of unemployment in societies and institutions such as family, education, government, and health. Unemployment affects almost everyone to some extent

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.

Since the 2008 financial crisis and the recession that followed in 2009 there has been a high unemployment rate among the youth. Canada’s unemployment rate is sitting at an all high time of 11.8%. (TD Economics) The unemployment rate specifically for youth aged 15 to 24 years old has climbed approximately 24.4%. (TD Economics) The impact of youth unemployment is long lasting and can harm an individual’s career opportunities. Economists have conducted a research which determines that the period of unemployment in an individual’s life will negatively impact them in the future because they will earn lower wages. For example, if you are a college or university graduate in Canada who is in a recession the unemployment rate will rise by about 5%, that implies a loss in earnings of about 9% annually. (TD Economics) If the social

Research has shown the links between unemployment and higher morbidity and mortality rates( Mathers and Schofield) where health outcomes are poorer and premature deaths are

Money is an important component that can help ones to function properly in this society. However, money defines our self-worth and value in this society. For decades, unemployment has become a big issue in our community. The younger generation are the one who suffers the most from the crisis. In 2009 alone, 6.7 million youths joined the ranks of the unemployed, and compare this with an average annual increase of 191,000 in the 10 years before the crisis 1997 to 2007(Elder,2010). Youth unemployment is a crucial issue in our society. Unfortunately, a lot of young people are going through that situation. When it comes to find a job, young people are the less fortunate for many reasons. For instance, some employers might be biased on ages and believes that young people do not have skills or enough experiences to perform at the level required for the jobs. The problem of youth unemployment has many causes and consequences in our society. Youth unemployment can affect the economy, family relationship, increase crime rates and, mental health.