The Unemployment Rate 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 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.

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)

I was thinking that a language barrier could be a contributing factor to the relatively higher unemployed rate for Hispanic or Latino. When all these factors are combine such as the one’s mention earlier, education, the level they’re integrated in society. I can definitely see why the unemployed rate for the group you fall into is relatively

The unemployment rate for blacks was 10.9%, while the unemployment for whites was 5.4%. This difference should not be as tremendous because blacks use almost as many search methods as whites when looking for employment. According to the Census Bureau, in 2001, blacks used an average of 1.79 methods of searching and whites used an average of 1.87 methods of searching for employment. These methods included, sending resumes, placing ads, employment agencies, contacting the employer directly, and many others. Therefore, there must be another factor that is contributing to the increase in the unemployment rate of blacks. “According to the Fair Employee Practices Commission, African Americans face discrimination in one out of every five job interviews” (Bernard 16). In 2001, “blacks held 11.3% of all managerial and professional jobs (Kinicki & Kreitner 54).”

In 1932, there were a major effect on unemployment because of the result of the great depression. The government gave million’s relief money but that wasn't enough for the people to survive with. Also there were a domino effect on the united states government because there wasn’t enough taxes getting paid and consumers spending was decreasing.The decrease in spending had caused a reduction in public money available for public services which caused a effect on closure of schools which caused teachers to be unemployed.

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.

On May 15 in 1942, General Marshall managed to get the Auxiliary Army Corps approved by Congress, allowing

The economic power of an economy is what truly enables it to be a global ruler; furthermore a strong economy means the people are employed, successful and thriving. The best way to measure the economy’s current health is to just take a look at their Gross domestic production and unemployment rate. A strong economy stands for global dominance and influence, resulting in high standards of living, decreased unemployment, and prevention from recessions, depressions and also lower the risk of inflation but is there a link between the gross domestic product and unemployment that plays a role in all this? And how does this effect the well being of an economy, also why was the Canadian recession of 2008 a proof of this direct but opposite link of GDP and unemployment.

According to the chart below leading up to the 2008 crisis the unemployment rate hovered right around four to six percent. This percentage is right around where we are hovering today. After analyzing the aforementioned FRED Civilian Unemployment Rate chart1 the leap in unemployment rate can be pinpointed to 2008 after the housing bubble popped. The jump was quite substantial beginning in February of 2008 at 4.9 percent and peaking in October of 2009 at 10 percent. This steep jump was caused by the companies going into debt due to the recession and having to cut expenses by laying off workers. What does the Troubled Assets Relief Program have to do with this? While at first sight in the eyes of the public TARP was extremely disliked as the public

In the modern American society, many well-educated people cannot get a good job, such as Jennifer, an American woman who lose her job and get a low-paid job but she gives up because the salary can’t afford the expenses of the whole family. According to the latest article on Market Watch website, Jeffry Bartash showed the data about the current percentage of unemployment and assumed that though the firms offer many opportunities to work, the unemployment rates still remain the same as before.

I will first discuss the unemployment trend from 1988 to 2010 using the article by Marios Michaelides and Peter R. Mueser titled Recent trends in the characteristics of unemployment insurance recipients. They wrote that, “ Data from the Benefit Accuracy Measurement (BAM) program indicated that important changes in the composition of the unemployment insurance (UI) population took place from 1988 through 2010; changing shares, by gender, race and ethnicity, age, education, industry, and occupational status, reflected changes in the composition of the unemployment and in the UI takeup rate”. Their article also wrote that “[Their] [f]ocusing on the composition of the UI population by major demographic and job characteristics—gender, race and ethnicity, age, education, industry, and occupational status—it uses data from the BAM program, established by the U.S. Department of Labor to monitor calculations of UI eligibility and the provision of benefits by states.” I will use these trends to show how they relate to Mississippi in the O-S-R-O-R model because even though their focus was on the United States as a whole certain aspects relate to Mississippi and its recent trends on unemployment and its benefits.

However, Arendt does use work and labor simultaneously in the fact that they both can be exchanged for currency, which is a necessity in life. Arendt explains that both the need for work and labor in our society has decreased rapidly. She states, “Whatever we do, we are supposed to do for the sake of ‘making a living’; such is the verdict of society, and the number of people, especially in the professions who might challenge it, has decreased rapidly” (127). Tying this into the detriment of a high unemployment rate, we currently have a 5.5% rate of unemployment. To make this more realistic, nearly 1 out of every 35 people is unemployed. Our highest rate of unemployment was nearly double it is today at 10% in 2009 (BLS). Showing that a good portion of 16 million people are only consuming rather than doing both consuming and producing. This large percentage of citizens not contributing to the production for society takes away from the progression of our society succeeding, which in turn keeps our society from advancing.

Note: Unemployment rates are drawn from the Bureau of Labour Statistics’ website. http://data.bls.gov/pdq/SurveyOutputServlet. GDP per Capita data is drawn from the World Bank. http://data.worldbank.org/indicator/NY.GDP.PCAP.CD?end=2015&locations=US&start=2006.