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Unemployment<br />Why does the government collect statistics on the unemployed?<br />Why do we care?<br />
Unemployment<br />The Government collects statistics on the unemployed for many reasons . <br />Some areas to look at are.<br />Is the unemployment rat increasing or decreasing?<br />Is it in just one area or nation wide?<br />Who is losing there jobs?<br />Should the Government get involved?<br />
Effects of Unemployment<br />Production loss. <br />The unemployed person is not helping the economy<br />Spending loss. <br />The unemployed person most likely has no income so they have less to spend and stimulate the economy in an essence, taking away from someone else’s job.<br />
Who is considered to be Unemployed and who is considered to be employed?<br />People with jobs are employed.<br />People who are jobless, looking for jobs, and available for work are unemployed.<br />People who are neither employed nor unemployed are not in the labor force.<br />
Unemployment<br />Unemployed are those who are currently seeking work or have been with in the last four weeks.<br />People not in the labor force are.<br />Those under 16 or confined to prison or nursing home.<br />Active duty military.<br />Active Student<br />Retired<br />
Unemployment<br />Unemployment starts a snowball effect<br />Once people become unemployed they spend less<br />Spending less means other companies don’t make as much money.<br />This then leads to other companies down sizing.<br />
Why have the unemployment rates in America suddenly increased?<br />
One of many reasons for the sudden increase in the unemployment rates was the construction surge.<br />Construction workers mainly were a large part. Many workers without a college education found themselves doing construction work for the last ten years that has been a huge booming industry. <br />
When the construction slowed many of these workers lost there jobs.<br /> Since they had no other job experience and had no college degree this made it very challenging for many of them to find work.<br />
Again there is a snowball effect with the unemployment.<br />as soon as word gets out people get scared and don’t want to spend money or hire because of the “News” of a recession .<br />When people and businesses do job cutting and less spending then this leads us in the direction of a recession.<br />
Similarities of the Recession and the Great Depression<br />The Stock Markets Drops<br />In the depression it crashed.<br />This hurts the top 1% of the high income earners<br />Government Policy<br />The Obama administration plans to raise taxes on the affluent, cut them from everyone else and take other steps to reduce inequality. <br />Education<br />People that would have normally gone into the work force are now going back to school. This will provide our economy with more educated workers in the future.<br />
Some Websites to Follow<br />http://topics.nytimes.com/top/reference/timestopics/subjects/u/unemployment/index.html (The New York Times)<br />www.bls.gove (Bureau of Labor Statistics)<br />