Unemployment Essay

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Recommended: Effects of unemployment on the family

Unemployment Rates Affect Our Economy
In “April 2010 there was an estimate 15.3 million people were unemployed ”(bls) .Say a family with there only provider loses his job. The family is now dependent on the government. Millions of families are in this situation. Those millions of people are left with no source of income and have to try and find a job in an economy where jobs are becoming scarce,unemployment rates ranged from “16.6 million in California alone”(bls). Statistics show that unemployment rates are based off of the economy’s activity and performance. Unemployment affects not only the community or the people or families but it also affects the economy as a whole, because it has somewhat of a ripple effect, the community and people are affected, the government is affected and ultimately the whole economy is affected by unemployment.
Unemployment can ultimately affect families and individuals in direct ways “1 in 9 americans children have at least one unemployed parent ”(brookings) as a result in the economy. Many families have at least one or both parents unemploy...

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