Unemployment Rate In The United States

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

The rate was even higher in previous years due to the recession and therefore it has made progress. However, there are far more part time workers now than there were previously. More people have been forced to leave a full-time position and accept part time work because companies have downsized their work force due to the falling demand caused by the recession. Many companies will move people from full-time to part time to save on their payroll expenses. Therefore the actual unemployment rate may not fully represent the state of the economy since there are

The 7 percent unemployment rate last month — down from its most recent peak of 10 percent in October 2009 — is the best reading since President Obama took office, providing one bright spot for a White House beleaguered on many other fronts. The unemployment rate was 7.3 percent in December 2008, the month before Mr. Obama was inaugurated.

While there are expectations of a yearly gain of nearly 2.3 million net new jobs, the unemployment rate is still very high i.e. around 6.5 percent. The lower-than-expected job growth is fueled by various factors including government hiring, weather, and Obamacare. Actually, similar to December, January had a lower-than expected increase in job opportunities since only 113,000 jobs were created. However, the rate of unemployment still reduced to 6.6 percent in this month despite of the growth in labor force. The current rate of unemployment is the lowest in U.S. since the 2008 recession because more people are leaving the labor force instead of finding jobs.

The unemployment rate in the United States has improved dramatically over the last two years, from a high of 8.3% in July 2012, to a low of 6.6% in January 2014. In October of 2012, the civilian labor force increased from 578,000 to 155.6 million, labor force participation increased up to 63.8%, and total employment overall rose by 410,000! Since then, the unemployment rate has been falling at a stable rate due to a political push from Washington DC and new employment initiatives. The inflation rate over the last 2 years has been relatively stably, with a few major increases and decreases in 2012 and 2013. It reached a high of 2.3% in June of 2012, and reached a low of 1.0% at the end of 2013. The federal interest rate has remained at a constant .25% over the past few years.

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.

The U.S. Unemployment rate is at a low, that’s good. The amount of jobs that are being gotten by all the unemployed people is phenomenal. There are more jobs nowadays then there was back in 2010-2015 is basically what it means. More people are working, which means better economy, which also means less homeless people. But there is a downside to this. There are people who are going to get jobs they don’t quite deserve. Some homeless druggies can get a job and then end up just buying more drugs. Which will increase the amount of drugs our country intakes.

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

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

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.

The unemployment rate began to climb in 2008 and by October 2009 the rate doubled from 5% to 10%. Since October 2009, the unemployment rate has continued to fall gradually with a couple periods of stagnation. Unemployment finally dropped back down from 10% to 5% after roughly seventy-two months. It only took twenty-three months for unemployment to rise from 5% to 10%. As

In the United States, the unemployment rate measures the number of people actively searching for employment as a fraction of the labor force. While things seem to be looking up for the economy with lower gas prices and grocery bills are decreasing, unemployment still seems the plague the country. Only 63 percent of working-age Americans have a job or are actively looking for one -- the lowest share of the population participating in the labor force since 1978. (The population of working-age Americans here includes anyone over the age of 16, including those who have retired and students). Some of this is due to the fact that Baby Boomers retiring" HuffPost 's Mark Gongloff wrote. “Most of it has to do with the fact that the economy is still too weak to create enough jobs to draw people into the market. This is most clearly evident in the fact that younger people are leaving the labor force, too or never even entering it because they can 't find jobs” (Goyette, 2014).

The US economy is in a state of slow recovery from a recession. According to the Bureau of Economic Analysis, the current rate of GDP growth is 3%. According to the Bureau of Labor Statistics, the current unemployment rate is 8.2%. The CPI is sitting at 0.4% and core CPI at 0.3%.

According to research, unemployment is one of the main problems in Jamaica.This study intends to discover the effects of unemployment on family lives in Brown’sTown, and the factors contributing to the increase in the number of unemployed persons.The study also seeks to determine the causes of unemployment in the society andthe factors which are likely to get you into the unemployment queue. According toobservations and some books, unemployment creates a depressive impact-familyinstability and relationship problems. The internet depicts that unemployment causesfamily disorders. An interview was conducted which shows that unemployment is alsocaused by religious, political and educational reasons. Rastafarians

The economy as a whole has a general unemployment ration of 4.3% out of a labor force of 5.233 million. In 2013 the majority of the workers are in the state sector at 72.3%, and the rest in the non state sector at 27.7%. This is a change from 2011 when the majority of the workers were in the services at 63.2%. The other two sections split between agriculture at 19.7%, and industry at 17.1%. The industrial market consist of sugar, petroleum, tobacco, construction steel, cement, agricultural machinery, pharmaceuticals, and nickel. The natural resources are cobalt, nickel, iron ore, copper, manganese, salt, timber, silica, petroleum, and arable land. The agricultural market consist of sugar, tobacco, citrus, coffee, rice, potatoes, beans; livestock. The exports in 2013 were 6.252 billion consisting of sugar, nickel, tobacco, fish, medical products, citrus, and coffee while the exports were 13.6 billion importing things like petroleum, food, machinery and equipment, chemicals. In 2007-2012 they had 5 major export trading partners being the “Netherlands at 24.5%, Canada at 20%, China at 9.3%, Spain at 6.4%, and Venezuela at 4.9%”. There are 8 import countries are being “China at 13.4%, Venezuela at 13%, Spain at 12.6%, US at 7.7%, Canada 7.4%, Germany at 5.9 %, Italy at 5.1%, Mexico at 4.5%”. There are two official currencies in Cuba. They are the Cuban convertible peso (known as the Cuban dollar) and the peso. The convertible peso was introduced to reduce the