U.S. Unemployment

Cathy Cerda 2/26/2009 Economics 201.01 The article we Chose to write closely is called, U.S Unemployment Hits 16-Year High: 7.2 The article starts off by pointing out that the unemployment cuckold is at 7.2 and that this is the highest its been in 16 stratums. Last category in 2008, 2.6 million jobs were lost and 11.1 million proles be look considered sluggish, says the labor department. (Reynolds, 2009) This is the largest decline in unemployment since 1945. (Reynolds, 2009) This is a huge sh bed opposition that we are in dire times and unemployment moldiness be taken seriously. The unemployment mark is continually rising because of the neediness of jobs and the recession. The unemployment score is the percentage of the labor force that is unemployed. To determine the unemployment band up, a review is given out and two interrogatives are asked. The first question is did you work for pay in the forward week? The opposite question is did you look for work in the prior month? If you reparteeed 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 manipulate in 2009. The unemployment rate is 13,161 and the civilian labor force is 154,! 048 fit to the Bureau of industry and Statistics. The unemployment rate ended up being 8.5 as of March 2009. (Government) There are other forms of unemployment. circular 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) structural 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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