The Effects Of Unemployment On The United States

The more Americans employed means we as a nation are experiencing economic growth. However, if there is a high unemployment rate this interprets that more Americans are struggling in our economy. There are several types and reason for high unemployment. Though America’s unemployment rate was 5.6%, as of December 2014, every state’s unemployment rate varies for different reasons. America’s unemployment rate has a direct negative impact on our entire nation’s economy and affects individual firms, organizations, and people.

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.

Finally, the unemployment rate should be concerned to analysis the future macro economy. It reflects the state of economy whether it is at the full capacity. Higher unemployment implies a contraction which will drive down the stock price. As can be seen in Figure 4, the unemployment rate is low in the historical period and relatively high and upward since 2008. The upward unemployment rate will reduce the consumption capacity of the nations which will reduce the revenue of the WOW.

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

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.

In 2012 the unemployment rate was at a high rate of 8.1%, according to Marilyn Geewax on the website The Two Way. Geewax also claims, the unemployment rate in 2016 lessened to 4.9%. Jobs around America are always changing depending on the economy.¨The Broken Basic Bargain¨ focuses on how the economy has both its highs and its lows just like jobs do in ¨Mike Rowe: Learning From Dirty Jobs¨.

Unemployment is the state of not having or finding work. Unemployment is a big issue in today’s society with the joblessness rate being 199.4 million people or 6% of the entire world. Being so hard to find a job, the unemployment rate begins to rise. It is projected that the unemployment rate will add up 1 million additional people during the year of 2017.

The unemployment rate is measured by a division of the Department of Labor known as the Bureau of Labor Statistics (bls.gov). This government agency conducts a monthly survey called the Current Population Survey that involves 60,000 households. These households are selected using random sampling methods designed to generate as close an approximation as possible to the larger population. Unemployment occurs mostly when someone who is actively searching for employment is unable to find work. But however people without a job are not necessarily unemployed according to bls.gov. But according to cnn.com there were over 5.4 million jobs opened in the U.S in April 2015 alone. So why does it seem that there are so many people—mostly minorities—not being able to find a

With an unemployment rate of 5% and a population of about 326,079,646 people, there can be about 163,039,823 unemployed people in the United states. There are many things that the United States government can do to reduce Unemployment. In order to reduce the unemployment rate in the United States, the United States government could reduce the federal minimum wage to allow employers to hire more employees because of the money that they save, increase the number of long term construction jobs, and decrease the number of jobs that are outsourced to other countries.

Many people believe that their job defines their place in society and that productive, con-tinuous work is one of the elements needed for a happy life. Therefore, when a person becomes unemployed, he/she may lose hope, disrupt relationships, become depressed or sick, and even su-icidal. “Long term unemployment can often be financially, emotionally, and psychologically de-structive” (Krulick). In order to maintain a place in society, a person must be able to pay bills, support a family, and contribute to the community. Unemployment in the United States is a ma-jor social problem; better plans should be started by the government to help reduce the

There are plenty of jobs available in the United States. The fact of the matter is, most are low paying jobs and people with years of work experience and college degrees are not willing to accept those jobs at first. The reality is most people have to start at the entry level and work their way up, unless they have good connections or it is a family owned business in which they do not have to worry about competing for promotions. Unemployment Rate in the United States averaged 5.82 percent from 1948 until

When just a regular person writes his or her check, and he or she doesn’t have that money in the bank, the check most likely doesn’t go through. So, why can the government get away with writing Americans checks when there is also no money in their bank? If there is money to be spent, why would it be given to a person with no job? The Unemployment rate is at 5.8% according to the Labor Force Statistics from the Current Population Survey in October 2014. The rate has been shifting over the last 10 years. It will go up and it will go down over the next 10 years as well. Unemployment is a debatable topic with tons people, but is it aiding or hampering our country? The United States government should rid themselves of unemployment, because it makes

The high rate of unemployment is hurting America because not enough people are working or earning wages to be able to consume goods that are being produced. The recession forced more companies to reduce production, as a result of this more and more people were laid off and unemployed.

All of those decreasing or increasing rate are calculated by the US economy officially, and the official rate calculated seems to decrease constantly, that it is said to be below 5%. However, there are excessive doubts from the people with the low rate of unemployment. There are several reasons for the suspicions. First of all, the participation rate has fallen. “The participation rate has fallen since the recession, likely due to demographic shifts like baby boomers retiring” (Wells). The participation rate, which is the measurements of the people who are employed or looking for a job, has decreased. This explains that declining unemployment rate is suspicious. Second, the parsing labor statistics. There are 6 measures of unemployment rate,

In first decade of the 21st century, the US Unemployment Rate was approximately 6%, but this does not mean that 94% of the country had a job.