Life was simpler years ago unemployment was not a issue with a good economy taking place people had good paying jobs allowing them take care of thier familys and afford to pay their bills. Jobs were readly avaiable for skilled labors as manufacturing jobs and cost burdons being placed on companies ,they started to out source jobs to other countries and the cost to do bussness in America was to much so people were losing there jobs and those jobs will never return causing greater unemployment. As we sit down for a family gathering the conversation came up between my brother and i about how people are getting along in America today and trying to make him understand that people are not better off today then fifty years ago due to job loss.
Unemplyoment in May 1953 was the lowest ever, being 2.50% and in November 1982 ,being the highest 10.80% and the average annual rate in 1948 was 5.82%
In August of 2013 the annual unemployment rate was 7.30%. People today are finding it harder to find good paying full time work since (2007)and due to the job losses people are lossing thier homes to foreclouser in record numbers enough that the goverment had to step in and save people from finacial ruins. The goverment also had to bail out the auto industry and banks to keep us from complete colapes. Companies are laying off older long term employees and replacing them with part time workers so they do not have to pay for health insurance and retirements. Companies are not hiring workers at a fast enough pace due to a bad economy along with concerns over the new health care laws and tax burdons so they out sourcing jobs to other countries to save costs. Technology is also destroying jobs in america as evidence shows digital technologies are threating jobs through automation there are fewer people working in manufacturing today since (1997). Automotive plants ,many of which were transformed by automation in the (1980)and have taken away skilled blue collar labor jobs which will never return.
You May Also Find These Documents Helpful
-
The unemployment rate in the United States has dropped significantly ever since the economy crashed in 2008 when unemployment rapidly climbed. Unemployment is still higher than it should be but at least the rate is decreasing. On a national level the unemployment rate has dropped from 8.3% in January 2012 to 7.9% in January 2013 (United States Department of Labor, 2013). Over the past year unemployment has changed very little with an exception of a drastic decline in unemployment during the third quarter of 2012 (United States Department of Labor, 2013). According to the United States Department of Labor, more than 300 thousand persons was removed from the labor force willing and able to work; however, did not actively search for a job within the last four weeks. This contributed to the fall in unemployment rates. Employment has…
- 1516 Words
- 6 Pages
Better Essays -
When a person in the United States has been actively looking for a place of employment and cannot find an employer, then they are categorized as unemployed. Now the unemployment rate is put into percentages as the total available work force seeking employment. Unemployment in the United States were at a high of 15.4 million is October 2009 and now sits at 12.5 million in April 2012. So for about 3 years as the U.S tries to fight through the hardship of the low economy the unemployment has not drop that significantly. What really has a strong impact on the unemployment in a country is supply and demand. When the U.S economy took a drop the demand for certain thing also falls with it as people become more conservative. This also hurts the work of employment because if people buy less then there is need to also make less of whatever is not being…
- 658 Words
- 3 Pages
Good Essays -
It has been going on five years since unemployment has been such a factor in the United States. The unemployment rate is defined as the percentage of people in the economy willing and able to work but are not working. This statistic is a little deceiving, as it does not take into account the people who have given up looking for work. Given that caveat, experts believe that the number of people out of work is significantly higher. The Bureau of Labor Statistics (BLS) reports the unemployment rate on the first Friday of each month. It is useful to compare this month 's unemployment rate to that of the same month last year. This rules out the effects of seasonality (Amadeo, 2011). Unemployment is known as a lagging indicator. The effect of economic events, such as a recession, and so occur after the said economic event has already started. That means the unemployment rate will continue to rise even after the economy has started to recover, as employers are reluctant to lay people off when the economy turns bad. In turn, companies are even more reluctant to hire new workers until they are sure the economy is well into the expansion phase of the business cycle. For that reason, the unemployment rate is a powerful confirmation of what the other indicators are already showing. The current unemployment rate as of the end of January was 8.3% and…
- 1429 Words
- 4 Pages
Better Essays -
The global recession began shortly after the September 2011 crisis, and quickly claimed many victims to unemployment. This financial and economic crisis triggered output contractions in almost all industrialized economies in the year 2009. As businesses cut production in response to lower demands, workers were let go in large numbers, increasing the unemployment rates dramatically. Aside from job losses the quality of employment also deteriorated. Many employees who did not lose their jobs were forced to work above the level previously expected at the same or lower pay. The increase in job insecurity due to the recession resulted in employers having the upper hand, while employees were subject to deteriorating working conditions; however fear of job loss created an environment where employees did not defend their rights. Many organizations were forced to lay off employees due to the economic downturn, however despite economic times many individual business decisions were made that can explain the deterioration of the workplace aside from the necessity of layoffs. While the economy struggled there still were seen large leaps in the finances of large organizations due to the reduction of labor costs rather than rise in production. Some businesses have chosen profit over people; in a time where jobs are tight the organizations are taking advantage of individuals willing to put in extra labor in order to keep a job, therefore reducing employee numbers without reducing production levels.…
- 719 Words
- 3 Pages
Good Essays -
The unemployment rate steadily has declined over the last three years; there was a difference of 1.6% from July 2011 to July 2013. In July 2011 the unemployment rate was at 9% while in July 2013 it was reported at 7.4% so there was a decline of 1.6% (Bureau of Labor Statistics: The Employment Situation, 2013). The unemployment rate lowering over the last three years has been a positive thing for the United States economy because it means more jobs were created in 2013 and thus more people are working. The positive upturn in the unemployment rate would means that the household income has increased and there is more spending money power available. Even though there is some positive feedback in the unemployment rate numbers there are still other issues that affect the economy and still need to be dealt with like the government budget cut, which could produce more businesses taxes. The economy is on a slow but steady up-swing do to job creations, which has caused the unemployment rates to lower for the last three years. Some job markets have created new jobs like the retail and service market but other have not improved at all like the manufacturing and health care markets. The important thing is that there are more…
- 1636 Words
- 7 Pages
Good Essays -
From what is supposedly being shown in papers and on the news the U.S. economy is currently concerned about unemployment, caused by the recession. This “current macroeconomic situation” is pardoning my language freaking a lot of individuals out, because some have no idea of how it is going to get better. The news/media is not painting us such a pretty picture of it, by calling it “this decade’s depression”. The unemployment rate is at 8.2% as of July 2012, whereas the average in 1948 was at 5.6%. While the inflationary rate is approximately 2.3%, seemingly that is lower than the past average rate of 3.38%.…
- 621 Words
- 3 Pages
Good Essays -
Unemployment was a voluminous problem during the Great Depression. In 1929, the beginning of the Great Depression, 3.2% of the labor force was unemployed. Then in 1931, 15.3% was unemployed (Smiley). Then after the First New Deal was passed in 1933, the percentage of unemployment did decrease, although, unemployment rates never went back down to when the beginning of the Great Depression. Then, in 1938, the unemployment rate was 12.3% which meant that there…
- 630 Words
- 3 Pages
Good Essays -
In January, the Philadelphia Inquirer reported that the United States government stated that in December, 2012 “The number of unemployed, 12.2 million, was little changed, and the 7.8 percent unemployment rate has been at, or near, that level since September [2012]”. (Loyd, 2013) I have always found these statistics somewhat suspect and misleading as they do not take into consideration those that stopped looking for jobs, fell off the unemployment rolls, or took jobs at a much lower pay scale then they were at previously in order to re-enter the workforce.…
- 609 Words
- 3 Pages
Good Essays -
After the worlds wars, America was different then everyone else. They were not affected by the war like the other nations in Europe. The devastation wasn’t as prominent in the U.S. like it was everywhere else. This created a specific sensation in the actions of America, specifically the political, social, and cultural ideas, and their foreign policy.…
- 646 Words
- 3 Pages
Satisfactory Essays -
Was the Crucial Decade made a better or worst of today’s life? The Crucial Decade is based in a period of time in America from 1945-1960s which impacted America and at many other places. America was at War throughout that period of time and it was a hard time for them. They were starting to create life easier for the veterans that returned home. Out of all the changes they made many were good changes like the ending of wars, the opportunities given for jobs and a life, no violence and low prices. However many are not appreciated like no internet, no social life, and it wasn’t equal for each other.…
- 787 Words
- 4 Pages
Good Essays -
Life Is Better Now African Americans are better off today than in the 1960s because schools were segrated. It was very hard for blacks to learn everything they needed to know because they didn’t have all good books they needed to help them. They thought blacks weren’t good enough to get their education just as the same as whites did but we all knew that wasn’t true. Everyone should have been treated equal.…
- 549 Words
- 3 Pages
Good Essays -
The unemployed are taking money from the people that actually want to do something with their life and survive. The 1990s produced a host of unexpected economic good news. Contrary to all economic predictions, unemployment fell to 4 percent by the end of the decade and inflation remained low and stable. That being said, if year by year the rate of unemployment keeps dropping, we will not have many workers and we will continue to see businesses shutting down. If we don't do anything to stop welfare, then this is what is going to continue to happen.…
- 466 Words
- 2 Pages
Satisfactory Essays -
The world around us is always changing. The economy puts us in a hard situation. Housing prices rising, Families unable to afford a home to provide for their families, financially unstable and losing a job contributes to this. Due to how high unemployment causes you to be in…
- 615 Words
- 3 Pages
Good Essays -
What’s more, by slowing trade, transport, and commerce, America's deteriorating infrastructure has obliterated the need for many blue collar jobs. Currently, the labor force participation rate is the lowest it's been in over four decades. Poverty rates are rising, and many workers are struggling to stay afloat.…
- 761 Words
- 4 Pages
Good Essays -
Employment is down and it may take decades to get it back to the thriving…
- 1482 Words
- 6 Pages
Good Essays