Unemployment in United States
Unemployment in United States
Unemployment has been a problem throughout the United States since the beginning of 2009. In the most obvious sense, unemployment means “being without a job.” The term unemployment is one description of the economic condition of a society at any given time. Low unemployment means the majority of the labor force is involved in, or looking for steady work. On the other hand, high unemployment is an indication of an economy in recession or even worse. This implies that a sizable percentage of the labor force is not currently working. Until they actually start working again, they will be counted in government data as “unemployed”.
“There was a bit of good news for the U.S.”, according to an article by Dan Robinson. “The United States economy as the Bureau of Labor Statistics reported that unemployment edged down from 10.2 to 10 percent in November, with fewer jobs lost in the previous two months than anticipated” (Robinson). In the article “US Unemployment down slightly”, Robinson said that the U.S Unemployment rate has decreased since the beginning of the month, however, President Obama is still not satisfied with the number of people that are not in the labor force.
In economics, the people in the labor force are the suppliers of labor. The labor force is all the nonmilitary people who are officially employed or unemployed. Participation rate is the ration between the labor force and the overall size of the national population of the same age range. From the begging of the 2009, the participation rate in the labor force has been really low. However, nowadays, it is starting to show some improvement.
In the article, Robinson noted the economic pain many of their constituents are still feeling in an economy struggling with deep recession. While parts of our economy are clearly stabilizing, it is clear that other parts of the economy are still struggling. The government needs to make sure that all Americans, not just the people who
Unemployment has been a problem throughout the United States since the beginning of 2009. In the most obvious sense, unemployment means “being without a job.” The term unemployment is one description of the economic condition of a society at any given time. Low unemployment means the majority of the labor force is involved in, or looking for steady work. On the other hand, high unemployment is an indication of an economy in recession or even worse. This implies that a sizable percentage of the labor force is not currently working. Until they actually start working again, they will be counted in government data as “unemployed”.
“There was a bit of good news for the U.S.”, according to an article by Dan Robinson. “The United States economy as the Bureau of Labor Statistics reported that unemployment edged down from 10.2 to 10 percent in November, with fewer jobs lost in the previous two months than anticipated” (Robinson). In the article “US Unemployment down slightly”, Robinson said that the U.S Unemployment rate has decreased since the beginning of the month, however, President Obama is still not satisfied with the number of people that are not in the labor force.
In economics, the people in the labor force are the suppliers of labor. The labor force is all the nonmilitary people who are officially employed or unemployed. Participation rate is the ration between the labor force and the overall size of the national population of the same age range. From the begging of the 2009, the participation rate in the labor force has been really low. However, nowadays, it is starting to show some improvement.
In the article, Robinson noted the economic pain many of their constituents are still feeling in an economy struggling with deep recession. While parts of our economy are clearly stabilizing, it is clear that other parts of the economy are still struggling. The government needs to make sure that all Americans, not just the people who