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In the current state of unemployment as of July 2013, twenty eight states have had increases, eight states decreases,…
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…
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…
"Unemployment Rates for States." U.S. Bureau of Labor Statistics. U.S. Bureau of Labor Statistics, 19 Oct. 2012. Web. 03 Nov. 2012. <http://www.bls.gov/web/laus/laumstrk.htm>.…
From this data, one can infer that retail transportation companies suffered in Michigan over the last decade. The educational and health services sectors have also changed drastically, since 2001 this sector had increased wages of $99,100. Additionally, the health care and social assistance sector increased by $80,000 from 2001-2011. The alarmingly high unemployment rate is one of many demographic indicators that show Michigan’s wounded economy. However, sectors like the educational and health services look promising because they increased wages paid by $99,100 (State Of Michigan Comprehensive Annual Financial Report,…
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…
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.…
In the United States, the current unemployment rate is down to 7.7 percent according to the U.S Bureau of Labor Statistic. The current number of unemployed persons is at about 12 million. This number has changed very little in the last year. Employment has increased in health care and retail.…
Our current unemployment rate is at 9.1 percent. Employment has been one of the biggest issues of why our economy is still not growing. People without jobs are unable to earn money to spend to stimulate the economy, while those that have a job are uncertain whether tomorrow they will still have it. This percentage could be inaccurate and may in fact be higher since many people have searched for so long and have become discouraged that they just dropped from the workforce. (Bureau of Labor Statistics)…
The unemployment rate is the number of people without work in any given jurisdiction. It’s expressed as a percentage. The United States unemployment rate is around 8.2%, whereas the state of Georgia is approximately 8.9% (Harris, ECO/372, June 13, 2012). Comparing the unemployment rate of a country to the…
El Dorado County is located in the historic Gold Country in the Sierra Nevada Mountains and foothills in California. It is a small rural county encompassing just 1,788 sq. miles of beautiful scenery. The largest city in the County, the City of South Lake Tahoe, provides the county with a reliable source of revenue during the winter months. The revenue is generated from the ski resorts and logging, which skiers from all over the world travel to enjoy. The remainder of the year, apple orchards grow throughout the Eastern part of the county, making apple exports a source of seasonal income.…
In the novel Dinner Party Economics written by Evie Adomait and Richard Maranta, the complex topics of macroeconomic policy and its relation to current world economic debates are explored. This paper will discuss my opinion of unemployment, oil prices and international trade opportunities as well as the current conditions of the Canadian economy. In December 2016, Canada added more than 50,000 jobs, making 2016 the best year for job creation since 20121.…
National Conference of State Legislatures. (2010, October 22). States unemployment rates for september 2010. Retrieved from http://www.ncsl.org/?tabid=13308…
In today 's society, many people state all people are equal and should be treated so. I…
High unemployment for those specific sectors is no coincidence. Instead, it's a result of congress delaying infrastructure investment. Currently, many metropolitan areas are crumbling to deficient transportation systems, water quality and electricity grids,…