Unemployment Essay

The unemployment rate is calculated by measuring the number of unemployed over the total labour force (anyone 15 years or older who currently has a job or is actively seeking) [x100]. While the government does not aim for 0% unemployment as this has negative consequences, it is

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

on April 1, 2000 of the 129.7 million were employed. 26.7% in sales, 33% in management, 14.9% in transportation,14.6% in construction, and 9.4% in maintenance. ( Fronczek)

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)

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.

The health of the current U.S. economy appears to be growing gradually. The second quarter real GDP growth was 3.7% and the unemployment rate declined to 5.3%. The U.S Federal Reserve (Fed) is expected to raise interest rates in the near future when it sees clear signs of strong economic growth and improvements in the job market.

The U-3 is the best known, and the most commonly used unemployment statistics from the Bureau of Labor Statistics (BLS). It calculates the U.S. unemployment rate by taking the total number of unemployed persons and dividing that figure by the total number of persons in the civilian labor force. The civilian labor force is composed of all persons above the age of sixteen, who are not serving in the military, who have employment (or who are actively seeking employment). What the BLS leaves out in the U-3 is the body of people whom they call discouraged workers. They are those who used to be included in the civilian labor force, but lost their jobs and ceased their search for new employment. The federal government’s calculation that includes our nation’s discouraged workers in the unemployment rate forms what is called the U-6. Also calculated in the U-6 are people who are working at part-time jobs but desire full-time work. Using both the U-6 and the U-3 is a far more substantial means of acknowledging our true unemployment rate.

This is the percentage of people in the labor force who are unemployed. It can also be described as people who are employed receiving minimum wage without good growth opportunity in a company. Unemployment can be best described as people who are seeking for jobs, but are not yet employed. An example can be someone who just graduated from college or the university, trying to find job after graduating. When unemployment rate is high, it challenges people to find better opportunities and also means that the economy is not doing so great. Low unemployment rate means that the economy in the nation s stale an people are finding

Labor force of 689,800 DACA are employed on Arts, Entertainment, Food Services with 88,900 that represents a 23%, following with Retail with 54,000 which is 14%, Construction 41,300 represents 11%, and Educational, Health and Social Services with 40,700 also with 11%, these are the 4 major industries that would suffer with the turnovers.(US Census Bureau,2010-2014).

million in 1970, the first census after the act, to almost 34 million today(Emily)’’. I think there are many

Employment is expressed with the mentioning of the addition of jobs California has provided for its people. For example, the demand for construction workers will result in new jobs for individuals, whether its part time or full time job. This is counted as employment because these people will become employed. These new employees are helping to benefit the economy of California by potentially influencing current unemployed people to follow suit. The new addition of jobs and the newly found hope of those who were hired influence discouraged workers to go out and search for a job, if successful, increasing the number of people in the states labor force. If hired, the individuals would contribute to certain aspects of the economy because they would now be counted into the formula for labor force, or the unemployment rate. These aspects are taken as benefits to the Californian economy although there was an increase in the unemployment rate. The unemployment rate is self-explanatory for the most part; it is the percentage of the labor force that is unemployed1. California did experience an increase in this rate from 6.3% to 6.4%2, but it did not discourage the population. As stated before, more individuals were able to join the labor force and expand the amount of members in the

500 total -400 working = 100 not working. 100/500= 1/5 = 20% unemployment rate of people 16 or over.

Unemployment refers to the numbers of people not working and can be measured by the claimant count and labour force survey. There are different types of unemployment and each of them requires different policies to overcome them.

The Federal Reserve went into action in response to the 2008 recession by rapidly reducing interest rates with the hopes of encouraging economic growth. The federal funds target rate was decreased to between zero and .25 percent. The results of the rate changes caused what is called “zero bound”, this reduced the effectiveness of monetary policy with the near non-existence of interest rates.

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