Unemployment Rate In The United States

Firstly Inflation is an upward movement in the average level of prices. Its opposite is deflation, a downward movement in the average level of prices. The boundary between inflation and deflation is price stability. Inflation can either be negative or positive; it could mean making products more expensive. There are a number of effects of inflation that can

There are constantly things happening in the nation and even around the world that impact economic growth in the nation, but three big factors are employment trends, how when the nation has a large number of unemployed people that it usually isn’t in a good economic state. Consumption is another factor that impacts the economy from a stand point of when consumers are over or under spending, and then there is government intervention, should they intervene or not, are they really helping the economy when they do, or are they just hurting the people?

The United States economy suffered a period of economic decline, which is known as a recession, for eighteen months from 2008 to 2009. Since then the U.S. economy has enjoyed an ongoing period of economic growth, which is known as a recovery or an expansion. This expansion can be tracked through the decrease of the unemployment rate and the increase in consumer spending.

In simple language, inflation means rising prices and it shows the increase in cost of living.

Unemployment is a problem faced by all nations only that it varies in degree (Teichova & Matis, 2003). Reduction in its levels promotes economic growth and development in any country. There are various types of unemployment which include voluntary unemployment, involuntary unemployment, frictional unemployment, cyclical unemployment, structural unemployment and seasonal unemployment. Voluntary unemployment is where workers willingly leave the jobs they are holding and go to look for better ones. Involuntary unemployment on the other hand is where workers are fired or laid off from their jobs and need to find new ones. Frictional unemployment is where workers take some time before they can secure a job after leaving a certain job. This is a type of unemployment faced by many people since they leave jobs without having already secured new ones. Cyclic unemployment is the type of unemployment that is dependent on economic cycles of recession and boom (Cogley & Sargent 2005). As the economy enters into recession, some companies respond by cutting on the level of production hence laying off workers since they are not in full production. Cyclic unemployment naturally ends during boom. Structural unemployment on the other hand is the type of unemployment where some labor markets have more workers than the total jobs available (Jena, Kandalam & Sun, 2009). Also, it can occur where the

This essay is based on the Federal Reserve Open Market (FOMC) statement released on 07 –15 –14. The release describes the state of the economy in terms of the following macroeconomic indicators: a progression towards maximum employment, increased price stability, and rebounding growth of real gross domestic product. The essay presents a discussion of the Federal Reserve’s mandate and the state of the US economy as of the month of the press release and the proposed policy actions. The following two indicators – employment and inflation– are of particular interest in this essay.

Thus, the current situation is characterized by relatively slow growth, but growth nevertheless. The unemployment rate is high, but coming down slowly. The inflation rate is low, and at its worst in the past year has only been slightly above the Fed's target zone. This has some implications

For these unemployment rate issues, the US economy had given the solution, which is creating more job spaces. That resulted the unemployment seems to shrink. Nonetheless, this solution couldn’t achieve to be the reliable solution. According to Lindsey Piegza, “The decline in the unemployment rate was the result of hundreds of thousands of Americans dropping out of the labor force rather than finding gainful employment” (Soergel), which clearly explains that hundreds or thousands of jobs did not contribute to the reduction of the unemployment rate even though there was a support from the U.S economy. In addition to, despite the fact that creating new jobs could give a chance to the unemployed people, it doesn’t mean for the entire number of unemployed individuals. Opportunities are given more for the higher income households or advantageous individuals. Also, large number of jobs do not matter to the people who are not even interested in the particular jobs. Even though U.S economy provided plenty of jobs, it did not help to abate the unemployment rate. As a result, it couldn’t be a real solution for the unemployment issue.

My first essay is going to be about unemployment, unemployment rates and how it affects it affects wages. Unemployment is defined as by the U.S. Bureau of Labor Statistics as “people who are jobless, actively seeking work, and available to take a job.” This means that if you are not looking for a job or you are not attempting to find one then you are not a part of the labor force. In the labor force you are either unemployed or employed or even discouraged. Unemployment rate is important today because it shows which way the economy is moving like is it moving down the graph or is it moving up. When the line is moving down the graph it means that the unemployment rate is dropping. When it is moving up the graph it shows that the unemployment rate is increasing meaning more people will lose their job. To find the unemployment rate all you have to do is divide the number of unemployed over the entire labor force, so to get the labor force you add the unemployed and the employed. If you are a discouraged worker it means that you don’t have a job because you are not finding one even though you are able to work if you try to. Sometimes if you are discouraged it means that you were unemployed and you couldn’t find a job and now you gave up trying to find one.

Unemployment is a phenomenon that occurs when a person who is actively searching for employment but is unable to find work. In recent months, there has been a debate has appeared asking if the U.S. unemployment rate is indicating the economy has reached or nearing reaching full employment. That is a reasonable question considering the unemployment rate has reached an all-time low of 4.4%, and it has not been that low for years (FRED),. A reason for the lower percentage is that “employers added 211,000 jobs in April as the unemployment rate ticked down to 4.4 percent, the lowest level since May 2007” (Worstall). Unemployment is one of the sectors of the overall economy that is still lagging with regards to other sectors. It also appears that some businesses may been hiring more and willing to take more people in to employ. It is important to note that while the unemployment rate is still existing, it is surely creeping down. The low unemployment will help with the GDP because more goods and services will be stimulated with all the new workers being eager to work.

Inflation is “a general increase in prices and fall in the purchasing value of money” and inflation happens because the economy might be struggling. As inflation raises the amount of money you own becomes less because with the price raising your value of money is decreasing.

Macroeconomics studies the behavior and the performance of the economy as a whole. Two of the main topics analyzed in macroeconomics are the long run economic growth and short run fluctuations in output and employment associated with business cycle. One of the problems evidenced over the course of business cycles is unemployment. This paper discusses how unemployment is measured, what are the different types of unemployment, and the cost of unemployment for a society.

The purpose of this essay is to consider the diverse types of unemployment that our global economy present, and how they influence its population. According to the theories of unemployment, there are three leading categories: Structural, Frictional, and Cyclical unemployment. First, Structural Unemployment refers to the mismatch between the number of people searching for jobs and the number of jobs available. It is due to the deficiency of skills or simply the incorrect area preferred to work of the workforce. It materializes when the quantity of labor supply exceeds the quantity of labor demanded. Second, Frictional Unemployment is continuously present in the economy; it is also called search unemployment. It arises when workers lose their current job and are in the process of finding another one. It is caused because unemployed workers may not always select the first job offer they receive because of the wages and required skills, also be caused by workers who will quit their jobs in order to move to different parts of the country. Thirdly, Cyclical Unemployment is attributed to economic contraction. When this transpires, there are more unemployed workers than job opportunities due to the collapse of the economy. With this in mind, I will scrutinize the distinctive circumstances of Marcelle, Dominic, Francine and Beauvoir, who are all at the present unemployed, and then I will analyze their eligibility for unemployment benefits.

Unlike microeconomics, macroeconomics concerns the economy as a whole. It evaluates those key issues like: inflation, GDP and employment rates. It deals with the structure and behaviour of the economy as a whole. Rather than considering the markets as individuals, people in the macroeconomic field develops models to analyse the correlation between consumption, output, inflation, and other international related indicators.

2.失业In addition, the slow growth of economic lead to the increasing of the unemployment.When the economy is at the lower output period,companies are likely to reduce to employees to make sure the maximum profit.