Unemployment in the United States Essay - 1008 Words

The unemployment rate has dramatically increased over the last several months. This increase has created many complications for the American people. Although the United States economy has created over 7 million jobs, there is still a long way to go until the economy is back on track. The unemployment rate is divided into variables; such as employment level, unemployment level, labor force and stock variables. At a certain time in a recession they are measured in quantities. Due to a flow of variables such as natural populations, net immigrations, new entrances, and retirements there is change to the labor force. The growth of jobs is a relief but with the percent that are still unemployed and the billions of†¦show more content†¦The unemployment rate has gone so high that it leaves families to deal with psychological and economic effects of the impact of unemployment. Unemployment has caused many people to have to foreclose on their homes. The vast majority are hit hard in the black communities. Employers are not hiring any new help right now until they are sure that the economy will stay strong and not fall back down again. Many employers will fight against giving an individual unemployment benefits to help save them money on their unemployment insurance rates. The insurance rates are based upon the amount of benefits the unemployed receive. People will find it surprising that their unemployment benefits are being challenged. Employers will try to deny a claim but if one is successful, the cost of the company will raise. Unemployment benefits are not only for the people who have lost their jobs due to company downsizing but to people who have resigned or who were discharged for a reason beyond their control. The benefits are given to people who are unemployed with the intension of seeking new employment. The benefits usually come in small amounts to cover basic needs. You may receive unemployment benefit extensions for an additional thirty-four to fifty-thr ee weeks during high unemployment. While receiving unemployment benefits, you have the option to have taxes taken out of each check as you receive them or you will have to pay at the end of the year when you fileShow MoreRelatedUnemployment Of The United States1545 Words   |  7 Pages Brian Winter Ms. Cintorino English 11-R 5 April 2017 Unemployment in the United States Many people believe that their job defines their place in society and that productive, con-tinuous work is one of the elements needed for a happy life. Therefore, when a person becomes unemployed, he/she may lose hope, disrupt relationships, become depressed or sick, and even su-icidal. â€Å"Long term unemployment can often be financially, emotionally, and psychologically de-structive† (Krulick). In order to maintainRead MoreThe Unemployment Of The United States1026 Words   |  5 Pages In the United States, the unemployment rate measures the number of people actively searching for employment as a fraction of the labor force. While things seem to be looking up for the economy with lower gas prices and grocery bills are decreasing, unemployment still seems the plague the country. Only 63 percent of working-age Americans have a job or are actively looking for one -- the lowest share of the population participating in the labor force since 1978. (The population of working-age AmericansRead MoreUnemployment Issues Of The United States Unemployment970 Words   |  4 PagesUnemployment Issues in the United States Unemployment is one top issue that our government faces on a daily basis. Many people are being unemployed as we speak. Even though the government is trying to take a lead on this major issue, the rate of unemployment is just too high. 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In order to reduce the unemployment rate in the United States, the United States government could reduce the federal minimum wage to allow employers to hire more employees because ofRead MoreThe Unemployment Trend Of The United States Essay981 Words   |  4 PagesI will first discuss the unemployment trend from 1988 to 2010 using the article by Marios Michaelides and Peter R. Mueser titled Recent trends in the characteristics of unemployment insurance recipients. They wrote that, â€Å" Data from the Benefit Accuracy Measurement (BAM) program indicated that important changes in the composition of the unemployment insurance (UI) population took place from 1988 through 2010; changing shares, by gender, race and ethnicity, age, education, industry, and occupationalRead MoreUnemployment And Its Effects On The United States1443 Words   |  6 PagesThe United States is full of amazing things, historic landmarks, pizza, Nascar and countless other things that help set our nation apart. However there is one thing that our nation shares with every other nation in the world that isn’t so great, in fact many people would agree it is one of the worst things for a nation to have. No it’s not smallpox, it’s unemployment. Unemployment is unfortunately something a nation cannot vaccinate against. Sadly nations are always going to experience unemploymentRead More Structural Unemployment and Cyclical Unemployment in the United States2779 Words   |  12 PagesIntroduction: The high and persistent levels of unemployment in the United States have become one of the most debated topics among economists, policy makers and the unemployed for more than a decade; especially its impact and best approach to resolving the increasing unemployment rates. It is important to note that as much of a global phenomenon unemployment it is, unemployment occurs in numerous forms, economists have broken down unemployment into three main types: Frictional, structural and cyclicalRead MoreUnemployment Rate Of The United States1764 Words   |  8 Pages2000’s the unemployment rates of the United States have been constantly changing. For most of this time unemployment rates were increasing at a quick pace as the country was dealing with internal financial issues of its own. When people are out of work the rates of depression and crime seem to skyrocket. This is due to the lack of funds coming into a home which result in some less than admirable acts being committed. Ther e are many causes of unemployment and many effects that unemployment can have