The Unemployment Of The United States

Unemployment is currently measured in the United States by counting those who "do not have a job, have actively looked for work in the prior four weeks, and are currently available for work" (Leonhardt). This means that a great deal of people are not counted as unemployed because they are discouraged and have not looked for work in the past four weeks. Or, the person was injured in some way and they are "not currently" available for work. This does not mean that the people in either of these groups do not actually wish to find work, but it does mean that they are not counted because of an archaic system that has been used by

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.

As of March, 2013 the U.S. National Unemployment rate was 7.6%. A total of 11.7 million people were reported as unemployed by the Bureau of Labor Statistics. This rate is improved from the height of the recent recession, where the statistic floated around 9%, but it is still not the usual 3-4% figure we are used to seeing in regular market conditions. (bls.gov, US, 2013)

Since the early 2000’s the unemployment rates of the United States have been constantly changing. For most of this time unemployment rates were increasing at a quick pace as the country was dealing with internal financial issues of its own. When people are out of work the rates of depression and crime seem to skyrocket. This is due to the lack of funds coming into a home which result in some less than admirable acts being committed. There are many causes of unemployment and many effects that unemployment can have on not only our economy, but our personal lives as well.

As indicated by John Williams of Shadow Stats, if we somehow managed to ascertain unemployment utilizing the same measurements as we did amid the 1930's, or even the 1980's, we'd as of now be in Great Depression region. Williams, who uses a reporting strategy that records for "long haul disheartened specialists who were characterized out of authority presence in 1994," notes that the genuine unemployment rate is quickly drawing nearer 25%.

This policy explains the unemployment in Florida. It was effected on July 1, 2011. This lowers the employer’s taxes for different features through implementation The people that are obtained for unemployed can have 50% or more of their wages up to $275 a week and they also can get the payments to 26 weeks. Even if you have a part time jobs, you can still get a check for unemployment but the payments will we shorter a $1 until they earn eight times of federal minimum wage. One man in Tampa, Florida said that he was denied for unemployment help because of the bicycle accident. He was unable to work so he applied for unemployment he got denied the benefits because the applicants said he was able to work still even though he was injured.

The better-than-expected data from the Labor Department on Friday follows other hopeful economic indicators this week, including an upward revision for economic growth in the third quarter on Thursday and an uptick in manufacturing reported on Monday.

Unemployment rates were essentially higher in August in 6 states, lower in 3 states, and stable in 41 states and the District of Columbia, the U.S. Authority of Labor Statistics reported today. Ten states had eminent jobless rate diminishes from a year prior, 5 states had increments, and 35 states and the District had no noteworthy change. The national unemployment rate stayed at 4.9 percent in August and was minimal not quite the same as that of August 2015.

With there being a variety of labels for unemployment I believe that frictional unemployment best describes what the U.S. is experiencing. Frictional unemployment is can be viewed as more of a desirable state of unemployment because it was chosen by the person themselves. Frictional unemployment typically doesn’t last for long periods of time, but instead a short period of time. The individuals that fall under this type of employment are normally waiting for accept a job soon or they could be searching for a job. It may not sound like the best decision to make, but it has been found that most individuals move to better positions. This type of employment benefits both the employee and the employer because the employer has a qualified worker

Rates of unemployment are determined by calculating the percentile of the employable aged population within the U.S. economy that are able and willing to work for wages but for some reason are not gainfully employed. Some deception is at hand as the calculation does not account for people whom have ceased efforts to gain employment, keeping this in mind expert analysts have determined that the percentage of those not working is substantially higher than the numbers reported.

Many people have moved from inactivity into unemployment after the recession. Since the start of the recession in 2008, more people have decided to re-enter the labor market with the goal of finding a job. In the latest period of 2013, 523,000 people moved from inactivity into unemployment. It has increased speedily since 2008. This could be because of the financial pressures put on household because of the recession. (Dow Jones 2014)

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,

Economists believe that structural unemployment is excluded—perhaps permanently—from the labor market. If adjust official data include men in prison or the armed forces (who are left out of the raw numbers), around 35% of 25- to 54-year-old men with no high-school diploma have no job, up from around 10% in the 1960s. Of those who finished high school but did not go to college, the fraction without work has climbed from below 5% in the 1960s to almost 25%.Among blacks, more than 30% overall and almost 70% of high-school dropouts have no job.

All throughout the years the economy has been changing, with the unemployment rate fluctuating to accommodate the economic changes. With unemployment on the rise people have to choose between their wants and needs based on their economic situation; the ability to prioritize these things will make or break them in this economy. The government plays a direct and indirect role in the economic lives of people as well. There are possibly things that can be done about the current economic situation but the problem has yet to be solved. Just as stated, the effect of the economy on Phenix City and Alabama has the employment of workers fluctuating.

Unemployment rates have always been atop Americans minds. Today more than ever, Americans worry about the safety of their job. From the Bureau of Labor Statistics Data website, I found the following results. During 1999, the unemployment rate of people aged 16 years and over was 4.3% at the beginning of the year, with minor