U.S. Unemployment

Cathy Cerda 2/26/2009 Economics 201.01 The article we Chose to write close is called, U.S Unemployment Hits 16-Year High: 7.2 The article starts off by pointing out that the unemployment couch is at 7.2 and that this is the highest its been in 16 stratums. Last social class in 2008, 2.6 million jobs were lost and 11.1 million proles ar send out considered fired, says the labor department. (Reynolds, 2009) This is the largest decline in unemployment since 1945. (Reynolds, 2009) This is a huge uncouth opposition that we ar in dire times and unemployment mustiness be taken seriously. The unemployment mark is continually rising because of the wishing of jobs and the recession. The unemployment score is the percentage of the labor force that is unemployed. To determine the unemployment circumscribe up, a review is given out and two interrogatives are asked. The first question is did you work for pay in the introductory week? The opposite question is did you look for work in the prior month? If you coiffeed no to both questions you are considered unemployed. If you answer yes to question ace then you are considered employed. If you answer no to question ace and yes to question two then you are considered unemployed. To compute the unemployment rate use the following example.

Lets pretend that thither are 32 community unemployed and 100 people in the work force. The unemployment rate would be 3.125. This was calculated by dividing 32/100 =3.125 as the unemployment rate. A recent genuinely world example is the unemployment rate of hoot in 2009. The unemployment r ate is 13,161 and the civilian labor force i! s 154,048 fit in to the Bureau of industry and Statistics. The unemployment rate ended up cosmos 8.5 as of March 2009. (Government) There are other forms of unemployment. alternate(prenominal) Unemployment occurs when the unemployment rate moves in the opposite direction as the gross domestic product growth rate. So when GDP growth is small (or negative) unemployment is high. (Government, 2009) morphological Unemployment is when an unskilled worker like a...If you want to get a full essay, vow it on our website: OrderCustomPaper.com

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