Unemployment Rate Essays (Examples)

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Unemployment ate
The Disparity in the Unemployment ate in the United States

A recent article in the Sun Journal by Margaret Fisher (2012) has raised some serious questions as to the true state of the economy. While statistics from the department of labor assert the unemployment rate has dropped, giving the impression that the economy is in a recovery mode, Fisher maintains that this is misleading due to the fact that many people have stopped looking for jobs. When people stop looking for work and drop out of the system the unemployment rate goes down.

Currently the unemployment rate in the state of North Carolina is 1.3% lower than last year and has been steady or decreasing over the same period when it was 10.6%. By comparison the national rate has consistently decreased over the same period from about 8.9% to7.9% today.

Unemployment ate in North Carolina as Compared to the Nation

North Carolina

National

(Fisher, 2012)

Fisher….

For example, one Pontiac Assembly plant in Pontiac, Michigan, "was running three consecutive eight-hour shifts, employing 3,000 people and making 1,300 trucks a day," in 2003, but in the summer of 2009, the plant had only 600 workers and "was running just one shift" (Mahler 2009, p.1). As a result of the failure of GM, the housing bubble, and the explosion of easy credit and 'creative' financing, many Michigan residents "have their homes foreclosed -- Detroit has one of the highest foreclosure rates in the nation" (Mahler 2009, p.2).
Of course Illinois was not exempt from the effects of the recession. But Illinois' unemployment rate, while high, is not unusually high compared with other states in the region: "the Midwest and West both had jobless rates of 10.2%," according to CNN, in July of 2009, compared with Michigan's 15% at that time. No Midwestern states were immune from the crisis,….

"The Detroit, Michigan drop-out rate among black males is 50%, the Detroit unemployment rate among black males is 50%" (Kill 145). This demonstrates that education is very important when considering unemployment rates and that the auto industry is, to a certain degree, not the only institution responsible for the critical conditions currently faced by individuals in Michigan.
Although it is difficult to determine what other factors are responsible for the high unemployment rates in Michigan in the recent years, it is only safe to assume that the fact that the collapse of the automotive industry in the state is one of the principal causes for the crisis. hat is curious about this is that other states that have automotive industries have experienced lesser problems as a result of the fact that American car sales have gone down. Michigan "is still by far the leading state in terms of auto industry….

Thus, the testing will not only expose a relationship, but may shed light into how it will continue to evolve in the future. Using Microsoft Excel, a regression test was administered for each individual independent variable as it related to the dependent variable of general unemployment in Detroit.
Data

Automotive Industry Employment rates in thousands

Year

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Annual

2002

2003

2004

2005

2006

2007

2008

96.9

2009

79.5

86.6

86.2

85.4

77.2

73.4

73.5

80.5

84.3

83.9

82.8

83.9

81.4

2010

82.7

82.7

82.6

83.3

83.8

85.0

81.2

83.3

87.6

89.4

89.8

90.2

85.1

2011

89.4

90.4

91.2

93.1

93.4

94.1

83.3

92.0

94.7

96.3

96.7

97.4

92.7

2012

97.6

98.2

99.3

97.4

98.5

99.5

95.8

96.8

97.7

97.7(P)

P: Preliminary

(United States Bureau of Labor Statistics 2012)

Year

Period

labor force employment unemployment

OUTPUT

egression Statistics

Multiple

0.872748

Square

0.761689

Adjusted . Square

0.7319

Standard Error

1.573775

Observations

10

ANOVA

df

SS

MS

F

Significance F

egression

1

63.32986

63.32986

25.56956

0.000981

esidual

8

19.81414

2.476768

Total

9

83.144

Coefficients

Standard Error

t Stat

P-value

Lower 95%

Upper 95%

Lower 95.0%

Upper 95.0%

Intercept

18.60066

1.703969

10.91608

4.4E-06

14.6713

22.53002

14.6713

22.53002

X Variable 1

-0.14215

0.028112

-5.05663

0.000981

-0.20698

-0.07733

-0.20698

-0.07733

ESIDUAL OUTPUT

Observation

Predicted Y

esiduals

Standard esiduals

1

6.432287

0.867713

0.584803

2

7.398934

1.201066

0.80947

3

8.067057

0.532943

0.359182

4

8.991058

-0.29106

-0.19616

5

10.01457

-1.61457

-1.08815

6

10.38417

-1.78417

-1.20246

7

11.77727

-1.87727

-1.26521

8

13.63949

2.460509

1.658283

9

13.61106

1.18894

0.801297

10

13.28411

-0.68411

-0.46106

SUMMAY OUTPUT

egression Statistics

Multiple

0.908938

Square

0.826169

Adjusted . Square

0.652338

Standard Error

Observations

3

ANOVA

df

SS

MS

F

Significance F

egression

1

1.35E+08

1.35E+08

4.752715

0.273788

esidual

1

28345534

28345534

Total

2

1.63E+08

Coefficients

Standard Error

t Stat

P-value

Lower 95%

Upper 95%

Lower 95.0%

Upper 95.0%

Intercept

170848.9

19965.3

8.557288

0.074059

-82834.4

424532.1

-82834.4

424532.1

X Variable 1

-1093.39

-2.18007

0.273788

-7466.07

-7466.07

ESIDUAL OUTPUT

Observation

Predicted Y

esiduals

Standard esiduals

1

118365.9

-57.9129

-0.01538

2

132689.4

-3735.38

-0.99222

3

132470.7

1.007603

It is clear that there….

For the purpose of this discussion we will explain the economic impact of unemployment rates. One of the main impacts of unemployment on the economy is that it inhibits people's ability to pay for necessities and luxury items and in doing so consumer confidence is diminished ("Unemployment"). In addition when people are unable to purchase their basic necessities they begin to utilize welfare programs which can be associated with a whole host of economic and social issues when people are unemployed for a significant amount of time and become dependent on the system ("Unemployment").
As such low unemployment rates are encouraged because they have the opposite effect on the economy.

However, there are some unwanted effects of high unemployment rates, including inflation. According to the article there are also those that argue that unemployment can increase productivity and profitability because it causes people to fear that they will loose their jobs….

Cyclical Unemployment
economists overstating cyclical unemployment rate understating natural rate?

Are economists overstating the cyclical unemployment rate and understating the natural rate?

Cyclical unemployment derives its name from the fact that it reflects the 'cyclical' ebbs and flows of the business cycle (Ask an economist, 2008, Labor Market Info). When the economy is doing poorly, workers are let go and are involuntarily unemployed. Although the contraction may begin within one economic sector, eventually most spheres are affected as people spend less money, causing production to slow and more workers to be laid off. As the economy improves, production increases, more workers are hired and more workers spend money.

However, other types of unemployment exist that are not directly related to the business cycle called 'natural' unemployment. "Frictional unemployment refers to workers who are temporarily without jobs and searching for new ones that are better suited to their skill sets and work preferences... Structural unemployment….

The big three could not afford to keep up production in the United States at levels previously seen and still make enough of a profit to lead them out of financial disaster. GM alone reduced its workforce to fewer than 45,000 workers (Feeley, 2011). Most of these jobs went overseas, where labor was cheap. As such, "the state of Detroit is not really surprising given the reorganization of the U.S. auto industry, which was the met and potatoes of the city's workforce in the first three quarters of the 20th century" (Feeley, 2011). Detroit suffers as the automotive industry tries to regain its footing. Outsourcing has been the biggest threat to American automotive jobs. "As the city's oldest plants closed, production moved outward," far overseas in places like China (Feeley, 2011). This helps explain why automotive profits have began to rise in the past few years, but this has….

Relationship between unemployment rate and new disability pensions in the US Overview of the topic
Persistent high unemployment rates have remained a cause of great concern both in America and other developed nations, with US unemployment rates reaching a never-before-seen high since the 30’s Depression, in the mid-70’s – early-80’s period. But the years 1983-84 witnessed a renewed decline in unemployment rates (Reno & Price, 1985). In spite of unprecedented unemployment peaks in the course of the last ten years, employment rates have increased from the 1970 figure of 80.8 million labor force members to 102.5 million (1983) (Reno & Price, 1985). Cyclical disability insurance only cropped up in the disability insurance termination era of the early-to-mid 80s (Cutler, Meara, & Shubik, 2012).
Rationale for selecting the topic
Premature retirement with decreased actuarial benefits prior to 65 years of age first became available in the years 1961 (males) and 1965 (females) under the social….

The Makings of Community The local community of Gaithersburg, Maryland is a fairly well to do suburb of Washington D.C. Today, it has a number of industries characterized by the life sciences and science in general. The impetus for these industries arguably occurred midway through the 20th century when the National Institute of Standards and Technology (known at the time as the National Bureau of Standards) arrived (Gaithersburg Life, 2016). The correlation between this entity and other public sector interests in nearby Washington D.C. is responsible for the array of technology and science companies which populate this city, which still feels like a suburb in many ways. Gaithersburg is known for its diversity and its railroad.
In many ways, Gaithersburg’s historical development chronicles that of the United States itself. It originated in the 18th century as a small agricultural town in which the chief industry was husbandry. Moreover, the region had an….

unemployment and tax reform on our social structure including theoretical framework on functionalism, social conflict and symbolic framework and so on and so forth. The orks Cited eight sources in MLA format.
Unemployment

Unemployment has long been the cause of ruin of the American society as well as the global social structure. Persistence in unemployment and the related tax reforms have done much harm than have benefited the mankind on this face of earth. There have been several effects of unemployment and tax reforms on our social structure. The passages below of our research paper will look into not only these effects but will also include theoretical framework on functionalism and social conflict. Before we begin our discussion on the effects of unemployment on the social structure as well as on the effects of tax reforms, it is essential that the readers have a look at the precise yet comprehensive definition….

Unemployment and its Effect on Aggregate Supply and Demand:
The Obama administration is looking for ways to create jobs and stimulate growth after temporarily setting aside the debt limit. The need for job creation and stimulating economic growth originates from the high unemployment that the country experiences. This high unemployment rate is an actual reflection of the serious shortfall of aggregate demand in the United States. The U.S. unemployment rate is high essentially because the country's economy is generating below its capacity. Actually, while the U.S. economy has made some gains from time to time, its real GDP is estimated at 6% below its trend path or capacity.

There are various reasons attributed to the high unemployment rate including its consideration as a consequence or outcome of the collapse of demand rather than a distinct, instantaneous problem. Some of the reasons attributed to the unemployment problem in the United States include….

C much faster, could become a good timed cheaper investment in our infrastructure
These actions that encourage growth by decreasing unemployment could be a trigger for increased inflation, added to the already considerable amounts of government spending required by the bailouts and the stimulus package. This could actually translate into inflation levels to spiral out of control during next year if the economy will recover without controlling the spending. Viewed from this point-of-view, I would add to my first recommendations another one: the government should find a way of developing the actions above with as little as possible spending from its side… it might be by involving more the private sector through tax cuts or other motivators, that would still reduce its tax income, but will not increase that much the public spending.

ibliography

24-7PressRelease, "Job Crisis In The U.S. As The Unemployment Rises To 10.1%. U.S. Leaders Warn of More Gloom To….

Unemployment: A Social Problem?
There are few problems that nations face more perplexing than that of unemployment. The condition of being unemployed is in some ways natural to a capitalist system, as businesses try to succeed while spending as few resources as possible, and a flexible workforce means most people are willing and happy to change jobs several times throughout their lives. The problems of unemployment then often only go noticed during periods of economic slowdown, when the number of out of work individuals rises far beyond the ability of private business to give these individuals jobs. Unemployment is a significant social problem caused by poor economic conditions, and as such, unemployment should not simply be characterized as an individual's inability to find meaningful work, but also a nation's inability to provide meaningful employment to the entirety of its workforce.

A highly developed economy requires a busy and proactive society to fuel….

Unemployment Lynn MA Case Proposal
In the U.S. unemployment has hit record highs. Unemployment of large segments of the working population, with rates as high as 9.5% in the general working population and 18% among young people affect everyone as these individuals are stagnating and struggling to provide for themselves and their families. (Fried, Revell, Rosato, Yahalom, Poppick, & Swiatek 76) The current recession has created consumer restraint as more and more people face and fear unemployment as well as concerns about financial security in general. This has resulted in U.S. unemployment rates based on both lower demand for products and services and corporate hiring conservation. ("Economic Policy" 15-16) In the state of Massachusetts the unemployment rate remains slightly lower than the national average at 7.3% as of October 2011, yet the problem is still one in need of address, and the unemployment rate in the Boston area including Lynn Massachusetts….

Unemployment Deficit
ecently Nancy Pelosi, Speaker of the United States House of epresentatives was quoted as saying that unemployment benefits are the leading stimulus to an economy in need of a quick fix. Her reasoning was that the unemployed immediately spent those benefits, therefore generating economic activity. Financial experts were quick to point out that such reasoning would mean that every citizen should just go on unemployment then, because such action would generate so much economic activity that the recent recession would be a distant memory in a very short period of time.

The question that this paper will seek to answer is whether extending unemployment benefits is a boon to the economy as stated by Nancy Pelosi, or does the extension of those benefits only add to the deficit, thereby ensuring that unemployment continues to be a huge problem and a drag on the economy.

The answer to that question is important….

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3 Pages
Essay

Economics

Unemployment Rate the Disparity in the Unemployment

Words: 814
Length: 3 Pages
Type: Essay

Unemployment ate The Disparity in the Unemployment ate in the United States A recent article in the Sun Journal by Margaret Fisher (2012) has raised some serious questions as to the…

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1 Pages
Thesis

Economics

Unemployment Rate Difference of Michigan

Words: 433
Length: 1 Pages
Type: Thesis

For example, one Pontiac Assembly plant in Pontiac, Michigan, "was running three consecutive eight-hour shifts, employing 3,000 people and making 1,300 trucks a day," in 2003, but in…

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3 Pages
Research Proposal

Economics

High-Unemployment Rate in Detroit Flint

Words: 896
Length: 3 Pages
Type: Research Proposal

"The Detroit, Michigan drop-out rate among black males is 50%, the Detroit unemployment rate among black males is 50%" (Kill 145). This demonstrates that education is very important…

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3 Pages
Research Paper

Economics

High Unemployment Rate in Detroit

Words: 721
Length: 3 Pages
Type: Research Paper

Thus, the testing will not only expose a relationship, but may shed light into how it will continue to evolve in the future. Using Microsoft Excel, a regression…

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2 Pages
Term Paper

Economics

Macro Unemployment Rates Throughout the

Words: 623
Length: 2 Pages
Type: Term Paper

For the purpose of this discussion we will explain the economic impact of unemployment rates. One of the main impacts of unemployment on the economy is that it…

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2 Pages
Essay

Economics

Cyclical Unemployment Economists Overstating Cyclical Unemployment Rate

Words: 769
Length: 2 Pages
Type: Essay

Cyclical Unemployment economists overstating cyclical unemployment rate understating natural rate? Are economists overstating the cyclical unemployment rate and understating the natural rate? Cyclical unemployment derives its name from the fact that it…

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2 Pages
Research Paper

Economics

High Unemployment Rate in Detroit

Words: 642
Length: 2 Pages
Type: Research Paper

The big three could not afford to keep up production in the United States at levels previously seen and still make enough of a profit to lead them…

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2 Pages
Essay

Business

Practical Problem Solving in Business

Words: 742
Length: 2 Pages
Type: Essay

Relationship between unemployment rate and new disability pensions in the US Overview of the topic Persistent high unemployment rates have remained a cause of great concern both in America and other…

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2 Pages
Essay

Economics

Makings of Gaithersburg Maryland

Words: 507
Length: 2 Pages
Type: Essay

The Makings of Community The local community of Gaithersburg, Maryland is a fairly well to do suburb of Washington D.C. Today, it has a number of industries characterized by the…

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10 Pages
Term Paper

Sociology

Unemployment and Tax Reform on Our Social

Words: 3043
Length: 10 Pages
Type: Term Paper

unemployment and tax reform on our social structure including theoretical framework on functionalism, social conflict and symbolic framework and so on and so forth. The orks Cited eight…

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2 Pages
Essay

Economics

Unemployment and Its Effect on Aggregate Supply

Words: 678
Length: 2 Pages
Type: Essay

Unemployment and its Effect on Aggregate Supply and Demand: The Obama administration is looking for ways to create jobs and stimulate growth after temporarily setting aside the debt limit.…

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2 Pages
Thesis

Economics

Unemployment at National Level Giving

Words: 872
Length: 2 Pages
Type: Thesis

C much faster, could become a good timed cheaper investment in our infrastructure These actions that encourage growth by decreasing unemployment could be a trigger for increased inflation, added to…

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3 Pages
Essay

Economics

Is Unemployment a Social Problem

Words: 889
Length: 3 Pages
Type: Essay

Unemployment: A Social Problem? There are few problems that nations face more perplexing than that of unemployment. The condition of being unemployed is in some ways natural to a capitalist…

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3 Pages
Case Study

Economics

Solution to Unemployment in USA Lynn MA as a Case Study

Words: 1061
Length: 3 Pages
Type: Case Study

Unemployment Lynn MA Case Proposal In the U.S. unemployment has hit record highs. Unemployment of large segments of the working population, with rates as high as 9.5% in the general…

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3 Pages
Essay

Economics

Extending Unemployment Beneficial or Unintentional Deficit

Words: 944
Length: 3 Pages
Type: Essay

Unemployment Deficit ecently Nancy Pelosi, Speaker of the United States House of epresentatives was quoted as saying that unemployment benefits are the leading stimulus to an economy in need of…

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