Unemployment in the US
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Introduction Unemployment is one of the common problems
affecting many people in the world. There have been debates on the core causes of unemployment in the United States. This is despite being one of economically stable nations in the world. Unemployment can be defined in terms of its causes and severity. The U.S unemployment rate fell sharply to 8% from 9.4 percent. These has always not brought joy to millions who are out there in search for the best jobs. http://www.premiumessays.net/
Types of Unemployment in the US. Cyclical unemployment, Demand deficient unemployment Seasonal unemployment Frictional unemployment
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Effects of unemployment are widespread. This does not only affect overall US economy
but also many other unemployed people. Employment opportunity defines a person’s position in the community. It is necessary element in the society and makes it easy to enjoy a happy life. Long-term unemployment can be harmful emotionally, financially and psychologically.
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The United States Government Employment The report is based on two great surveys. Report
Establishment report . It asks of employers how many US citizens are on
payroll. Current Population Survey [CPS] is second. Here, about 60,000 households are asked whether their members are working or looking for jobs. Responses from the government report provide enough details on unemployment rate in the US. http://www.premiumessays.net/
Causes of Unemployment in the United States. Fewer new openings. Lack of real growth. Advancement in technology. High taxes. Increase Chinese job grab.
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Unemployment has both personal and national
effects. The 2008 and 2009 unemployment surge has affected many US citizens. Its peak in 2010 has left many people languishing in pain and depression. Employment situation has worsened in the US with many young people failing to get full-time jobs. The government is mandated to create more jobs and offer young people the chance to improve their living standards. http://www.premiumessays.net/
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