Unemployment®
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What is unemployment? Unemployment refers to the condition and extent of joblessness within an economy, and
is measured in the tearms of the unemploment rate, which is the number of unemployed workers divided by the total civilian labor force.
What are the 5 types of unemployment
- Seasonal-
Seasonal unemployment is where you work a certain time of the year, like hotels and in retail
-Cyclical-
Cyclical unemployment is when the economy is in the need of low workforce
-Real Wage/Classical-
Real Wage or classical unemployment is which wages rise above the equilibrium full enemployment level
-Structural-
Structural unemployment plays effect when the basic of a person isnt sufficient to meet his job responsibilities
-Frictional-
Frictional unemployment is when a person is out of one job but is looking for another
Facts and Statistics
* " In April 2010, the unemployment rate was 9.9 percent , equaling 15.3 people".
* " Unemployment increased 119 percent between 2007-2009, unemployment
for woman during that period increased 81 percent.
* The number of unemployed was unchanged in September, with 14 million workers idled. Long-termed counted for 44 percent of the unemployed. as 6.2 percent of workers have been jobless for 27 weeks or more.
Essay
Darrell Fudge
Griswald
10/26/11
Project 1
Unemployment
Unemployment
Unemployment is at an all time high and is making our economy look terrible in a negative way. We as a society need’s to speak up as a whole and start going for so the rate can decrease. It’s not only adults that’s unemployed, its also the minority class and even college students that have graduated from a four year university. I will explain about the minority class percentages and some major facts about unemployment and the different types there are. In addition my older sister is actually unemployed at this time so I’ve asked her a few questions, and I was actually surprised by most of her answers. Unemployment is a huge deal because it’s left so many out of work and if it keeps rising in percentage that means less unemployment checks for each person. The question I ask myself is should the economy indeed blame themselves for bring unemployed, to not having jobs at all.
What is Unemployment? “ In economics, unemployment refers to the condition and extent of joblessness within an economy, and is measured in terms of the unemployment rate, which is the number of unemployed workers divided by the total civilian labor force. Hence, unemployment is the condition of not having a job, often referred to as being "out of work", or unemployed
The terms unemployment and unemployed are sometimes used to refer to other inputs to production that are not being fully used, for example, unemployed capital goods”.# (http://www.streetdirectory.com/travel_guide/20534/careers_and_job_hunting/what_is_unemployment.html)
There are five different kinds of unemployment that you need to know about. “Seasonal unemployment is where you work a certain time of the year, like hotels and in retail. Cyclical unemployment is when the economy is in the need of low workforce, and which wages rise above the equilibrium full unemployment level is the real wage unemployment. Structural unemployment plays effect when the basic of a person isn’t. Sufficient to meet his job responsibilities, and frictional unemployment is when a person is out of one job but is looking for another “.# (http://www.economywatch.com/unemployment/types/) As you can see with there being so many types of unemployment it’s likely for one to fall in the five categories. If we as an economy now doesn’t take a stand or change for what’s right the unemployment rate will continue to increase.
Unemployment is definitely real and I would like to give you a number of facts on how it’s affecting more than one state. Since 2009 there have been many twist and turns with the unemployment percentages and here’s a couple facts about the topic. “ In April 2010, the unemployment rate was 9.9 percent, or 15.3 million people“.#(http://www.urban.org/publications/412104.html) Men had especially high unemployment rates in 2009“.#(http://www.urban.org/publications/412104.html) “ Unemployment increased 119% between 2007-2009, unemployment for woman during that period increased 81%”.#(http://www.urban.org/publications/412104.html) “The unemployment rate for Sept. 2011 was actually 9.10% and in Jan. 9.5% leading to the 9.4% we now have in Oct“.#(http://www.inflexwetrust.com/2010/11/02/7-shocking-facts-about-minority-unemployment/
) Just based on the facts you can notice how serious unemployment actually is, with all these people jobless how will they be able to survive.
Even though most of the adults are unemployed, you shouldn’t forget about the minorities. “ Black unemployment is double the rate of white unemployment”. “ In 2009 in Detroit it has the highest black unemployment rate at 20.9% while the white percentage rate is at 13.8%”.#(http://www.inflexwetrust.com/2010/11/02/7-shocking-facts-about-minority-unemployment/) “ In Minneapolis black unemployment rates are 20.4% and the whites is only 6.6%”.#( CNN Money) In college CNN Money reports “ black unemployed college males who are 25 and older stood at 7.8% in August”.#( CNN Money) “ For white males it was only 4%”. The data I’ve shown has clearly proven that over most of the states that the black economy is struggling doubling in unemployment more than the whites. ………
As I was sitting around the house I then realized that my sister was unemployed so I wanted to ask her some questions about it. How does it feel being unemployed? “ Its terrible all I do is sit around the house with nothing to do, I’m beginning to become impatient”.#(Sister Derrielle 8607121049) Is it difficult to find a job? “ No its not its very difficult to find the job I would like, yes I can go make minimum wage but where will that take me “#.(Sister Derrielle 8607121049) Do you think the unemployment percentage will drop across the states? “ I’m positive it won’t because there will also be people with out jobs, and honestly if you’re not qualified you won’t receive one“.#(Sister Derrielle 8607121049) Hearing my sister speak I heard it in her voice that this was a serious issue in the world because she too never thought she would be employed but look where she’s at now.
With unemployment being such of a problem for years what can we possibly do to decrease the rate, finding more jobs? As the economy and nation having a voice we need to speak to the government and president of the United States about the problem. Yes Barack knows about the unemployment rate, but he is moving too slow about proving more jobs. We can write letters to him send tapes and also hold strikes informing him that we want no on to struggle. Just like November 4th when everyone votes, we all need to stand up for what’s right because one day we indeed can be in the position of a unemployed person.
With so many people unemployed the question I need to ask is should we blame ourselves for being in this. College graduates even today can’t find jobs but were they taking the right precautions in school. Did they take advantage of that intern job or did they deny it to be with friends. Were the partying every weekend or were they preparing for the real world. Even with the adults that never made it to college did you drop out or even give up on yourself. Did you get in trouble with the law, now having a criminal background and its very likely you’ll find a job with one of those. The last reason I thought of was just typically people getting laid off because not most companies last very long. I think about this all the time because yes the rate is so high, but there has to reasons why.
Unemployment is indeed making our economy look terrible and looked at in a negative way and the numbers need to decrease. I ask myself what can be done to prevent unemployment even a little bit, should we blame ourselves for the rate being so high. In addition as a society what we need to do to grab the governments and presidents attention informing them to create more jobs out there. The minority unemployment rate caught my eyes with the blacks vs. the white ratio, and with my sister being unemployed I decided to ask her a few questions and she’s dying to work again. The unemployment rate can be brought, we as an economy just needs to step up and speak to get what we want so we can decrease that 9.4% unemployment rate.