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Since the Great depression, US experienced highest rate of unemployment in at 9. Even though, this rate has not been recorded in another year since then, in the rate closely hit 8.
Currently the unemployment rate of US is approximated at around 8. When unemployment rates are compared between andthe population in was much younger than in The median age of the labor force in was at 42 years compared to 35 in Younger workers have less responsibility because they have fewer dependants; less financial commitment can endure periods of unemployment and can switch between jobs as opposed to the old populations.
Therefore, younger population has a higher unemployment rate than older populations as low unemployment rate is expected with higher older population.
Unemployment rate in US from April through October stagnated at around 9. The number of those people unemployed was at Labour force compromising the sum of employed and unemployed reduced little more than half the number of unemployed Bureau of Labour Statistics.
Economic recession in US has had negative effects on the economy of US as many of its employees have lost jobs.
This situation is causing worry among many of the US students who are pursuing their educations. They are worried of finding a job upon their completion of their studies, a situation that has been aggravated by the economic recession.
Currently, the country is facing a big challenge in trying to stabilize its economy and in reducing the rate of unemployment, which is unstable and feared to increase in Despite all these challenges, US has got hope in its economy that it will regain its momentum and go back to its earlier position.
Polices are being put in place to counter these challenges. Obama administrations is doing all it can to recover the economy from its recession. I am therefore optimistic that the future of America is going to be bright.
For instance, proposals to embark on green industry are raising optimism and confidence that indeed a prosperous future is coming. This proposal if adapted will see the economy embark on use of green energy in its industries and locomotives hence reducing the costs associated with burning of fossil fuels, which emit dangerous gases in the atmospheres.
Green gases are clean gases and they include solar and wind power. In line with such initiatives, they will revive the hope of many and history will be written on the actions that US will undertake in conserving environment.Dec 22, · Reader Approved How to Write a Term Paper.
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Example papers and sample papers on the most popular topics. Unemployment grupobittia.com - Free Term Papers, Essays and Research Documents The Research Paper Factory JoinSearchBrowseSaved Papers Home Page» Social Issues Unemployment Among Fresh Graduates In: Social Issues Unemployment Among Fresh Graduates Topic: Identify the effects of unemployment among the fresh .
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So it is better to stop wondering and start working to. Unemployment rate in US from April through October stagnated at around to percent. The number of those people unemployed was at million but reduced by , in November.
Labour force compromising the sum of employed and unemployed reduced little more than half the number of unemployed (Bureau of Labour Statistics). Unemployment can also be subdivided into classical unemployment, frictional unemployment, structural unemployment, cyclical unemployment, seasonal unemployment and long-term unemployment.
Unemployment lowers the living standard and creates financial burden to the unemployed people.