# The National Unemployment Rate For People Essay

1621 Words Jan 30th, 2016 null Page
Quotation – “In 2010, the national unemployment rate for people sixteen to twenty-four with only a high-school diploma was 24.6 percent, compared to a rate of 8 percent for the college educated” (Hymowitz, Carroll, Wilcox, and Kaye 2013:23).
I became a college student at nearly forty-one years old, because I found I could no longer find a job without a college degree. I have also found that I am not alone. Several of the people that I went to high school with have also become first-time college students in the last few years. My parents were not in a position to send me to college and at the time a high school diploma was enough to find a job with a living wage. A couple of years after I graduated I found a job I liked and settled in. I worked my way up and by my mid-twenties was making enough to support myself comfortably. When I was thirty-five the company closed and I found it difficult to find a job that paid enough for me to support myself. I went from a job where I was making almost fifteen dollars an hour to a job making less than ten dollars an hour. Then the recession started and I was laid off and could not find a job at all. After being unemployed for more than a year I finally realized that I was going to have to get a college degree in order to survive. I cannot imagine trying to do all of this and have a family to take care of, so I can understand why many people postpone marriage until they have finished college.
Question – Are the differences between the…

## Related Documents

• ###### Essay Economic Analysis : National Income

National Income can be defined as revenue earned by the nation’s companies that is measured by the United States Commerce Department and is organized and published by the Bureau of Economic Analysis. National Income relates closely to Gross Domestic Product, or GDP, which is the market value of legal goods and services produced in an economy in a year. Overall, there are two ways that the Bureau of Economic Analysis calculates the GDP; there’s the expenditure approach which uses the formula GDP=C+I+G(X-M)…

Words: 1339 - Pages: 6
• ###### Economic Environment Essays

environment consisted of many criteria between the years 1999-2003. One factor of influence on the economy was the unemployment rate of Americans. Personal income was another factor that played into the economy. Another economic factor was the price of oil. The last factor was that of the unimaginable War in Iraq. These factors all combined to impact the economic environment. Unemployment rates have always been atop Americans minds. Today more than ever, Americans worry about the safety of their job…

Words: 1089 - Pages: 5
• ###### Education Essay

Explaining Unemployment: An Analysis on State Unemployment Rates Rachel Schlesselman Creighton University Introduction and Research Question Mississippi has 48,434 square miles of land. The state flower is the magnolia. Hawaii has only 6, 423 square miles of land and the yellow hibiscus as the state flower. These states are very different in many aspects; their populations, products, and geography are all very different. States are very unique and while national averages can give a general understanding…

Words: 7738 - Pages: 31
• ###### Combating Unemployment Essay

Combating Unemployment “Of all the aspects of social misery, nothing is as heartbreaking as unemployment.” (Addams 1910) Unemployment has long been a headache macroeconomic issue for all the governments around the world and is defined as people in working age but without job for the past four weeks according to International Labor Organization. In late 2009 the number of people unemployed or willing to work reached highest 8.2% since 1997. These increases are not start with the recession…

Words: 1605 - Pages: 7
• ###### Essay A Brief Note On Unemployment And The Australian Economy

1. How is Unemployment measured in Australia? Let me first define unemployment rate. It is the percentage of people in the labour force who are unemployed. This is a popular measure around the world for tracking the nation 's economic health and stability as it eliminates people who are not joinging the labour force and it is not directly influenced by population growth. It is measured primarily by making an account of those people who are ready to enter into paid work and have recently taken active…

Words: 1720 - Pages: 7
• ###### No More Jobs Essay

left unemployed and without a stable home. The National Bureau of Economic Research defined this nationwide downfall as “The Great Recession”. More recently, according to the US Bureau of Labor Statistics the unemployment rate has not made a drastic improvement since the start of the Great Recession. Unemployment has become an issue that is still arising today with a slow rate of change. By most measures, the economy has not improved: Unemployment is up, consumer spending is down, and financial…

Words: 857 - Pages: 4
• ###### Essay Economic Effects Of Deflation On The Economy

consumption and investment, unemployment rate, and debt. Initially, the author clams that deflation drives a fallen price in consumer market which causes of “hoarding cash”, and “delaying purchases”. For instance, despite the fact of the cut-price fuel benefits consumers, deflation causes some negative effects in the economy. Also, the falling price boosts the purchasing power in short run which causes the part-time worker raises in the labor force, and leads unemployment rate fall. At the end of the…

Words: 1183 - Pages: 5
• ###### Essay The Issue Of Trans Unemployment

Transgender Unemployment In a survey conducted by National Center for Transgender Equality and the National Gay and Lesbian Task Force,13% of transgender respondents reported to be unemployed. That is nearly double the average unemployment rate. Trans unemployment is linked directly to trans incarceration rates. Over 21% of trans people have been incarcerated at some time in their lives (National Transgender Discrimination Survey). Examining that statistic intersectionality, in the same survey over…

Words: 1191 - Pages:
• ###### Essay Economic Issues Facing South Africa

Unemployment, poverty and inequality remain the fundamental socio-economic challenges facing South Africa and there are some economic policies that help South Africa to address the problems. Key matters face South Africa Unemployment In South Africa, the unemployment rate was about 25 per cent in 2014 with roughly 51 per cent of all young people jobless (Exhibit 1). Unemployed workers lose their purchasing power, which leads to unemployment for other workers, creating a cascading effect that ripples…

Words: 1231 - Pages: 5
• ###### Essay Roosevelt 's Impact On The Great Depression

mainly regulated the stock markets and encouraged the faith of the citizens, but increased national debt and did not fully address the unemployment issue. The Roosevelt Administration’s response to the Great Depression was beneficial socially and culturally, but economically not as effective. Socially and culturally the actions of Roosevelt’s Administration provided aid and inspired credence in the American people. Roosevelt entered his presidency with a plan and took action immediately, passing a multitude…

Words: 1291 - Pages: 6