Unemployment Rate In The United States

Unemployment trends have always been around, even before they were actually tracked. Unemployment varies from location to location, as you can see in the graph below, the Colorado unemployment rate varies from the United States unemployment rate and the Denver unemployment rate. These unemployment rates might vary from each other but they all effect each other, the Denver unemployment rate contributes to the calculations of the Colorado unemployment rate and the Colorado rate contributes to the United States unemployment rate. Each location in the United States has its own unemployment rate and trend but yet they all come together to make up the overall unemployment rate for the United States. The unemployment trends may vary from place to place but there are consistent trends the effect the unemployment rate as a whole. Bureau of Labor Statistics First let’s take a look at unemployment trends and how they can vary from place to place but still affect the United States as a whole. One trend I personally have come to see is gas prices, if gas prices are low then unemployment rates …show more content…
If the Feds decide to keep the interest rate high this drives people to keep their money and save it instead of buying things with it. If the Feds decide to lower the interest rate this causes people to buy things like houses and cars. If people have more money in their pocket, they are more likely to spend it than save it. If people are spending more money, then it stimulates the economy allowing businesses to hire more people or keep the people they already have employed. If the interest rate is high then people won’t have the money in their pockets or they are less likely to spend the money they already have, causing unemployment rates to go up. If people aren’t buying things to stimulate the economy, then businesses will reduce production causing them to lay people