In: Other Topics. Reducing Unemployment and Underemployment in the United States Name Institutional Affiliation Reducing Unemployment and Underemployment in the United States Reducing Unemployment Unemployment and underemployment are one of the main economic concern in many countries or states in the world today. It is a biting problem in many economies and governments are always seeking a new way of solving this problem Miller, According to the Bureau of Labor Statistics, unemployment is a situation where a person does not have a job, but have actively searched in the past four weeks Clague, It also includes people who have been laid off for than seven days.
Unemployment in the United States Essay - Words | Bartleby
Canada's Unemployment Rate For decades prior to the recession, the national unemployment rates of Canada and the United States had been nearly identical. Since then, a persistent "unemployment rate gap" has emerged. Throughout most of the s, Canada's unemployment rate has consistently been about 2 percentage points higher than in the United States. The gap developed in spite of very similar economic performances across the two countries: the growth rate of real per capita incomes has. The intuition has basically been: — At the natural level of output, there is a certain number of workers who need to be employed to produce that output. So there is a natural rate of employment that corresponds to the natural level of output. Being unemployed is probably the worst thing that can happen to anyone.
In the United States, the unemployment rate measures the number of people actively searching for employment as a fraction of the labor force. While things seem to be looking up for the economy with lower gas prices and grocery bills are decreasing, unemployment still seems the plague the country. Only 63 percent of working-age Americans have a job or are actively looking for one -- the lowest share of the population participating in the labor force since
The national unemployment rate fell to 4. This is a sign of unexpected strength in the job market. Unemployment does not include full-time students, the retired, children, or those not actively looking for a paying job.