Unemployment Of The United States

There are three different kinds of unemployment that affect our economy: frictional, cyclical and structural. Frictional unemployment occurs when there is a time laps between being employed and looking for work. This term can also be referred to as search employment because it is the time spent searching for a place of employment. One example of this would be a student taking time off of work to finish college and get a 4 year degree. Usually, it takes a lot of time and dedication to finish the last years of school, so some students tend to go to school full time and work part time or not at all. This type of unemployment is also classified as voluntary unemployment because this period of unemployment is at the discretion of the person to some small degree. Secondly, there is cyclical unemployment which changes depending on the business need; for example, workers are laid off when business is bad - then

Unemployment is unfortunately a large social problem in society today. Being unemployed can mean that people are unable to pay rent or feed their family; two things that are essentially vital to living. When a large amount of people are unemployed, it has extensive economic and social effects, including homelessness. Jackson & Crooks quote that ‘you don’t live when you are unemployed-you exist’. Being unemployed can lead to not only financial stress but can lead to increased social isolation, crime and

Looking at unemployment, you may consider that a person who is unemployed is in the situation due to their own personal circumstances, they are unable to get a new job and have been unsuccessful at recent job interviews. C Wright Mills would suggest that the unemployment may be due to

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.

The United States determines its unemployment rate by the amount of people able and willing and looking for work. People who are in prison, the military, to sick, or to young can not contribute to the labor force so they do not get counted towards the country's unemployment rate. The country's unemployment goes up the more people who are able to work but don't want too, either because they don't feel it's worth it or are lazy. The unemployment percentage is found by dividing the total number of unemployed people by the total work force, or people will to work.

Every year, the unemployment rate is measured in the United States. The term unemployment refers to the group of people who are actively searching for work and do not have a job. Certain groups of individuals, however, are not factored into the measurement of unemployment on an annual basis. People who are under the age of sixteen, are institutionalized, or are not actively looking for a job are not added when counting unemployment. There are four major types of unemployment, and they include frictional, structural, cyclical, and seasonal.

When the country goes through depression most of the time the rate will rise dramatically and go back down. This has happened many times, the most recent only being four to five years ago. The unemployment rate is currently 4.8%, which is a good place to be. This has been the average rate in the US for a very long time. This is an effect of our strong economy. Economy is described as the wealth and resources of a country, especially in terms of production and consumption of goods and services. The economy is also determined by population and standard of living. If the population is very high in a country and standard of living is low, then the unemployment rate will most likely be very high. This goes both ways. The United States has a very good standard of living and a population of around 326 million, this affects the economy making the unemployment rate what it is. There are some countries that are doing a better job of this but most have a higher rate than the US.

Unemployment is currently measured in the United States by counting those who "do not have a job, have actively looked for work in the prior four weeks, and are currently available for work" (Leonhardt). This means that a great deal of people are not counted as unemployed because they are discouraged and have not looked for work in the past four weeks. Or, the person was injured in some way and they are "not currently" available for work. This does not mean that the people in either of these groups do not actually wish to find work, but it does mean that they are not counted because of an archaic system that has been used by

All throughout the years the economy has been changing, with the unemployment rate fluctuating to accommodate the economic changes. With unemployment on the rise people have to choose between their wants and needs based on their economic situation; the ability to prioritize these things will make or break them in this economy. The government plays a direct and indirect role in the economic lives of people as well. There are possibly things that can be done about the current economic situation but the problem has yet to be solved. Just as stated, the effect of the economy on Phenix City and Alabama has the employment of workers fluctuating.

In our actual economy , we find differents forms or types of unemployment . Unemployment is defined as a situation when someone of working age is not able to get a job but would like to. (Black, Hashimzade, Myles , 2009).

Long-term unemployment is classified by The United States Bureau of Labor Statistics (BLS) as unemployment lasting 27 weeks or longer. According to the BLS, the

Now it is clear to see why the unemployment rate has been closely monitored all the time, especially at the time of crisis. The unemployment rate, after reaching its peak in October 2009, has been declining slowly but steadily, as U.S firms keep adding more jobs to the market. There was a small increase in unemployment rate in July this year (the Wall Street Journal, Aug 4th, 2014), but the unemployment rate continues to fall in the following months, and finally in this September, it falls to 5.9 percent, the first time it has been below 6 percent since July 2008 before the financial crisis (The Huffington Post, Oct 3rd, 2014). In October, the employment continues to drop, reaching 5.8 percent at the end of the month (BBC, Nov. 2014).

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 unemployed can be defined as those people able, available and willing to work but cannot find a job despite an active search for work. Unemployment means that scarce human resources are not being used to produce goods and services to meet peoples changing needs and wants. Intense amounts of unemployment can have traumatizing effects on a population. Important key terms to remember when talking about unemployment are:

Unemployment was defined by International Labour Organization (2009) as a state of joblessness which occurs when people are without jobs and they have actively sought work within the past four weeks. The unemployment is a measure of the prevalence of unemployment and it is calculated as a percentage by dividing the number of unemployed individuals by individuals currently in the labour force. In a 2011, Business Week Reported, “More than two hundred (200) million people globally are out of work, a record high, as almost two-third of advanced economies and half of developing economies are experiencing a slowdown in employment growth.