Hard working Americans everywhere are losing their jobs and I say it’s high time that the land of opportunity should regain its credit. Job loss in America has affected the economy in an extreme way due to the percentage of jobs lost, bills and laws passed to fix the dilemma, conflict with hourly cutbacks to many Americans, and the difficulties of finding a new career. Americans work to the bone every day and then after years of loyal work they are given a piece of paper and shown the door. Where is the decency in this? This economic downfall is making a turn for the worst and if it keeps up America is going to find itself in another great depression.
Percentages of job loss are reaching large amounts and large numbers. According to the Bureau of Labor, in the past month the unemployment rate was at 9.7 percent. That number is rising mostly in the construction line of work because so many Americans work for the construction companies and when plans go wrong and projects don’t get built and or finished they start to lose jobs (“Employment”). They also say that the amount of unemployed people had reached around 14.9 million last month and those who were without a job who remained jobless for 27 weeks or higher was at 6.1 million. Also the number of people who work part time had increased from 8.3-8.8 million because so many workers have had their work hours cut and they still needed to make a decent sum of money (“Employment”).
The government is hard at work trying to create new laws and bills that will help get the American working man back on track. The Obama Administration had recently created a job bill or stimulus package that would end up helping 1.6 million Americans regain or keep their present jobs. One critic, however...
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A key to victory this November is the unemployment rate. According to a Bloomberg National Poll conducted in March 8-11, 42% of Americans consider unemployment and jobs as “the most important issue facing the country right now” (Priorities). Although there has been 24 consecutive months of private sector employment growth, the Federal Reserve suggests that the numbers could fade in the coming months. The importance of creating more jobs cannot be stressed enough. No President in the recent era has been reelected with the unemployment rate above 7.2% (Roth). To paint a picture, in late 1982, the unemployment rate topped 10.8 under Ronald Reagan. However, about 36 months later, the rate dropped to 7.2% percent. The drastic drop in the n...
"Unemployment and Underemployment." State of Working America. Economic Policy Institute, n.d. Web. 24 Apr. 2014.
In recessions of the past the American worker was laid off with the impression they would be rehired as soon as demand for goods and services were presented again. Now people in jobs from computer programmers to telephone operators are losing their jobs and never returning to the same field again. The big issue here is that if we continue outsourcing specific jobs overseas we could erase a whole industry of job opportunity from the American people. Economists say the framework of the U.S. labor force has been changed due to past outsourcing of jobs by this country. The more outsourcing that continues the more our job force’s structure will change. As a result, the American worker can no longer wait to be rehired into the same job or profession. Using their time while unemployed, Americans are retraining themselves and attempt to step into an entirely different career.
This disruption gives those who have lost their jobs to improve themselves by furthering their education. The psychological effects on displaced workers only last until they find a replacement job. Today, the national unemployment rate is at five percent according to the U.S. Bureau of Labor Statistics (Databases). Economic experts believe that technological advances are expanding at a faster rate than humans can learn to manage and adapt to the new skills necessary to survive in the evolving labor
Throughout the 1970s, the ability of any one person to work hard enough to transcend social stratification in the United States became difficult due to various domestic challenges. The reality Americans begun to see during the ‘70s was bleak, this being contributed in great part to ecopolitical events. In the year 1974, a recession begun that has continued to affect the United States economy to this very day. Harold Meyerson, a writer and journalist for the Washington Post and The American Prospect in the article “The 40-Year Slump” notes “The middle-income jobs of the nation’s postwar boom years have disproportionately vanished. Low-wage jobs have disproportionately burgeoned. Employment has become less secure. Benefits have been cut. The dictionary definition of “layoff” has changed, from denoting a temporary severance from one’s job to denoting a permanent severance” (1). It is important to consider this point because it really lays the foundation of the 1970’s; one of little hope, and one shaken by what became known as the 1973-1975 Recession. This recession affected practically every person living in the U.S, and changed the perception of the workplace. Through low-economic growth and high inflation, the economic term “stagflation” came about, and negatively influenced the success of countless Americans. Alejandro Reuss, co-editor for the magazine Dollars & Sense in the article “That ‘70s Crises” asserts "The economy seemed trapped in the new nightmare of “stagflation,” so called because it combined low economic growth and high unemployment (“stagnation”) with high rates of inflation” (1). This is a valuable point to consider, as this term is still used to this day, and has affected all aspects of life for many Americans. Mic...
Areas affected by unemployment have little hope of major improvement, and the longer that high levels of unemployment last the...
For what has been a very, very long time, our elected representatives have sought to achieve “full employment” as a national goal….but full employment has been suspect as a possible cause of inflation, and is therefore weakened by decisions of the Federal Reserve, in an attempt to retard inflation. In terms of causes, unemployment has changed; the character, degree of severity, possible solutions of unemployment over the last ten years or so have been reduced, and has morphed in terms of just who is experiencing the unemployment and the suggestions for answering the problem. It has been the traditional fundamental trades, like manufacturing, viewed as part of the shift in the economy towards the new information age model, as workers transition from a manufacturing economy to a service economy, all the while over-coming the obstacles set forth by our own government.
Since, the beginning of Donald Trump’s Presidency, the stock market has improved increasingly and unexpectedly. Trump’s Presidency has helped improved the stock market, and a month after the election the S&P 500 witnessed a huge increase of two percent. As the charts demonstrate, Trump’s Presidency has created an unexpected improvement in the S&P 500 and Dow Jones Industrial. A solution that Trump is using to fix the economy is the creation of more jobs in the United States. While the economy is improving from the Recession in 2008, the rate of unemployment has presented a major challenge for citizens in the economy. However, with Trump’s solution to increase jobs in America, the unemployment rate has continued to decrease. "To get the economy back on track, President Trump has outlined a bold plan to create 25 million new American jobs in the next decade and return to 4 percent annual economic growth,”(Bryan para 3). Since, the recession of 2008, unemployment has decreased substantially. As the graph
Stephen T. Evans (2015) wrote a scholarly article “An evaluation of the unemployment rates of the United States”, which he essentially criticized the government about the unemployment rates and their ignorance to the middle class. In Evans (2015) article, he began by stating the current unemployment rate which was 6.1% in 2014. Evans (2015) wrote, “This rate peaked at 10% in October 2010 and has steadily declined to 6.1% as disclosed on July 3, 2014”(p.157). Then he described how the unemployment rate doesn’t measure discouraged workers, marginally attached, and workers seeking part-time. Evans (2015) stated that 288,000 part-time jobs were added, one the other side 523,000 full-time jobs were lost. He also added a fact that 2.4 million Americans
Scott Bittle and Jean Johnson. (2012). Where did the jobs go-- and how do we get them back? :Your guided tour to America's employment crisis. New York: William Morrow Paperbacks.
In December 2007, the United States of America experienced a very scarce yet appealing setback. In fact, because of this specific dilemma between 200,000 and 500,000 were left unemployed and without a stable home. The national Bureau of the Economic research defined this nationwide downfall as “The great recession”. According to the U.S Bureau of labor statistics the unemployment rate has not made a drastic improvement since the start of the great recession. Unemployment has become that is still rising today with a slow rate of change. Unemployment is usually expressed as a number or as a percentage of a larger number. Although it has been ambiguous who has to be included in the percentage, there are members of society without a job, for whom it is certain that should not be added. Officially the unemployed are the people who are registered with the government as willing to work and able to work at a going wage rate but can’t find suitable employment despite an active search for work. In the article “why long-time employment can’t get back on track”, the author begins speaking on a ...
The unemployment rate has dramatically increased over the last several months. This increase has created many complications for the American people. Although the United States economy has created over 7 million jobs, there is still a long way to go until the economy is back on track.
Toossi, Mitra. "A Century of Change: The US Labor Force, 1950-2050." BLS. N.p., n.d. Web. 30 Mar 2014.
In a recap, the three policies introduced, the Unemployment Reformation Act of 2059, the Infinite Education Opportunities Program Act, and the Unity Tax, will be a vital part in restoring and surpassing expectations for decreasing the percentage of Americans unemployed by ten to fifteen percent within the next six to eight months. I believe that with these policies the chances of a recession will not occur for a long period of time. For that matter, a recession may not occur again depending on how successful the unemployment plans develop. Nevertheless, I predict that by the year 2109 the employment rate for Americans will reach eighty-three to eighty-five percent.
Unfortunately, there are many Americans out of work in today’s current declining economy. Unemployment can be defined as a person who is out of work involuntary, not by choice. These people are looking jobs and available to start work. Being unemployed can be disheartening and deciding what the next step is can be challenging. Underemployed can be described as being inadequately employed, such as a low-paying job that requires fewer skills than one possess. (Daly, Hobijn, and Kwok 2015) Making ends meet can be difficult for one who has been affected by this economy over the past few years. America still has a high unemployment rate since the decline of the current job market. And many Americans are struggling to establish the skills needed for employment, or the underemployed are force to lower they skill to make a profit. America’s economic status has force the underemployed and unemployed to make ends meet with the current jobs available. And last but not least some have also utilized these difficult times to venture into new discoveries to make life hassle free. So, we wonder is Americans giving up in today’s economy or do they settle for lower end job to establish a steady income to make ends.