Unemployment Essay

In October, the United States unemployment rate dropped to 5%, as a result of the addition of 271,000 jobs. The unemployment rate refers to the "number of people above the age of 16 who are actively seeking employment, but unable to find jobs" (Tragakes 265). The unemployment rate can understate the unemployment conditions that exist in an economy as it does not include underemployed workers or discouraged workers. Underemployed worker are "people over the age of 16 with part time jobs when…

\section{Provincial Unemployment Rate, Employment Rate and Mobility} In our research we focus on two economic indicators that may trigger the provincial mobility among individuals. One is provincial unemployment rate and another one is weighted employment growth, which is known as Bartik instrument \citep{bartik1991boon}. From 1993 to 2011, Canadian provinces have experienced large and persistent differences in unemployment and employment rates. To estimate the cross provincial differences we…

educational opportunities. The original GI bill was controversial, because some thought the unemployment provision would reduce the returning Veterans’…

According to Hanauer (2015), numerous economists have conducted studies in order to better understand the concept o minimum wage as well as the employment effects of raising it. The results overwhelmingly suggest that raising the minimum wage has a very little effect on employment. He added that low wages are associated with high level of employee turnover. Those workers that earn low wages tend to be less committed to their jobs than better paid workers and are less likely to stay at their jobs…

Unemployment is an ongoing problem that exists in today’s society. To reduce the unemployment issue many organizations are available to provide resources to help citizens find work and develop talents to keep them competitive in today’s job market. One issue that the organizations are dealing with unemployment is labor migration, the movement from one country to another for employment (Leon-Guerrero, 2013, p.82). Many immigrant are willing to work longer, harder, and for less income than most…

develop into independent adults? Alan Greenblatt’s article “Youth Unemployment” explicates the co-dependent relationship between the economy and youth unemployment, while giving a glimpse of prospective future recessions. In the aftermath of the focus being on college education, people are not just becoming destitute of jobs but of adulthood. Young adults unwillingness to take risks grows as, the amount of jobs dwindle and unemployment rates rise, essentially affecting the nations’ economy. We…

Unemployment is a social problem in many countries, which affects a majority of the society in many ways. Not only can it cause financial debt to families, it can cause family breakdowns, social isolation, shame and it can even lead to violence. The Conflict theory perspective explains how unemployment can be caused by class and power by focusing on the inequality in society. The inequality sequentially predicts that the poorer members of society struggle to find employment, get education to…

In the United States, there has been a decrease in unemployment since the great recession ended in 2009. Unemployment rates were just under 5% in 2007 and then skyrocketed up to over 10% in only two years, and with a steady decline from 2009 where in January of 2016 the rate was down to 5.3%. But the reason why the unemployment rate has fallen is not because there are more jobs out there, but because the labor force participants rate has declined by 4.5%. In addition, unemployed people who are…

Unemployment as we all know has various negative effects on our society, from the rise in crimes, poor living standards for the unemployed and many vices in the society which are related to unemployment. Many families also suffer quite a lot as a result of unemployment. Therefore it is important that we should extend the federal unemployment benefits that as stipulated under the Federal Unemployment Compensation Act. In other words, with your help, Senator Reed, we should introduce a new bill to…

Unemployment as a Major social Problem in the United States Unemployment is a major social issue in the United States and affects not just the individual involved but also the public. And this affects the society as a whole. The most recent recession which began in 2007 and ended in 2009 has put so many Americans out of job. According to Walker, the unemployment rate reported in Baltimore alone in May 2003 was 4.8 percent. And in the nation alone unemployment rate rose to 6.8…