The first article that we will cover is “What the Unemployment Rate Shows” by Jo Craven McGinty, which was written for The Wall Street Journal, on March 4, 2016. This article explains what the March 4th report from the U.S. Bureau of Labor Statistics says in layman terms. McGinty, starts by explaining what the monthly report from the U.S. Bureau of Labor Statistics is, and what it shows. McGinty explains that the monthly report shows unemployment rates, but she herself disagrees with the unemployment rate that is shown off the most; McGinty says, “It’s a quick way to assess how many people might be experiencing financial hardship, but it’s impossible to capture the experiences of everyone in the country with a single data point” (wsj.com).
Using examples of cities like Salt Lake City and Bakersfield California, McGinty explains that the unemployment rate is not the same everywhere. She then goes on to explain the different unemployment rates that the U.S. Bureau of Labor Statistics releases. She covers topics like the U6 rate, the U5 rate, and all the other U rates that they have. From there, McGinty goes on to explain what types of unempl...
... middle of paper ...
...ewer adults working is supported in the book. On page 141, the book talks about how the labor force has grown smaller due to people retiring, going to college, and also due to workers who have given up on finding jobs. Another subject that both Long and the textbook cover is wage growth. Long talks about wage growth being around 2.5% per year, while the book talks wage growth being around 3% on page 136; interestingly, this difference may be due to the textbook being written a couple of years earlier than the article.
As you can now see, it is not just textbooks that talk about unemployment– even everyday articles cover the topic of unemployment. Everyone is affected by unemployment– whether they are unemployed themselves or know someone who is unemployed. This is one of the few topics that I can truly say does not just affect a few people, but everyone as a whole.
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- Why are so a large number of people that beg for money, sitting on the streets, looking for food 's some sort. It is not day-to-day that we consider situations like this, but it is out there constantly without all of us realizing it. A number of states have poverty 's more issues than others, but it is sad to think about how plenty of people are actually considered to be in poverty. This is an inequality concerning me a lot, and is getting worse daily. Poverty in the United States relates to people whose annual household earnings are less than a poverty line set by the United States government.... [tags: Poverty, Poverty in the United States]
1109 words (3.2 pages)
- “I call it. I call the paver!” Screaming, I race down the hill into the woods where the natural sandbox is lying in the cool shade, just waiting for us to create a new and wonderful world as we have every day of the summer. My bare feet pound into the sand, and I grab the blue piece of plastic in my nine-year-old hands. I am psyched. For the past three days I have beat all of my friends by “calling” the paver – really an upside-down spoiler from a blue toy race car – and earning the privilege of designing and paving all the roads in town.... [tags: roads,]
769 words (2.2 pages)
- Abe’s Poverty Guide to Table of Contents Introduction…………………………………..2 General Advice Why?............................................................3 Cheapest Route...........................................4 Begging Tips…………….............................5 Begging vs. Borrowing...............................6 Specific Advice Begging from Parents................................7 Begging from Friends….............................9 Introduction Danger Signals You NEED this guide, if you have ever experienced one of the following...... [tags: essays research papers]
2112 words (6 pages)
- ... Dr Kinwig: For. Me: Why. Dr Kinwig: It is shown that tarring Sani Pass will promote local economic development. Me: In terms of the weather in Lesotho and Underberg would it be a good idea to tar it. Dr Kinwig: Yes, of course there are negatives but the positives of tarring Sani Pass outweigh the negatives. There is a lot of erosion on the road now and the cost of maintenance is huge. There are also wash away which cause instabilities on the road, tarring would be much safer. Me: Would you ever get a return on investment after tarring the pass.... [tags: dangerous roads, basotho people]
1482 words (4.2 pages)
- Money, Money, Money. The world revolves around the idea that a piece of flimsy paper holds value. Those of us who deny that it has any true value, still must face the fact that in order to survive, without resorting to means of stealing and violence, we must learn how to use money. In today 's world people must be able to spend and save smartly in order to develop financial stability. Prices have risen and expenses for college have risen dramatically. In 1990 the minimum wage was $3.80 and college tuition for a four year public institution is $20,972.... [tags: Full-time, High school, Money, Part-time]
1020 words (2.9 pages)
- I. Introduction Henry Fielding once said, "Make money your god and it will plague you like the devil". Money presents in so many aspects of life. It seems that almost everything can be bought, with the high value attached to money. People are very addicted to money because of the idea that if you have money, you have the success, popularity, power and acceptance. But, there is always danger in losing values such as love for sports or being a hardworking person. A good example is the current trend in sports wherein top players in football or basketball are only interested in picking up their paycheques more than genuinely loving sports and achieving success in terms of being the best athlete... [tags: Money Case Study, solution]
1868 words (5.3 pages)
- Wealth and How Money Influences People's Lives Some people generate an adequate living working for others, some do quite well, while many people don’t do well. It is estimated that less than 16% of Canadians have more than $100,000 in their retirement funds while 38% have less than $10,000. Using money to make money is more likely to generate success. Using assets to generate wealth is likely to generate financial success. This is the principle in whihc my group is is based upon. Kiyosaki explains money does not calm your fears when desire forces you to spend.... [tags: Wealth Money Finances Financial Essays]
1132 words (3.2 pages)
- The Strand at Lough Beg The Part of this poem that is to be looked at first is imagery in the title of the poem. Seamus Heaney starts us off by giving us this picture of the Strand at Lough Beg, which is the shore of a lake. Already the reader is given the starting point of this story; the Kind of person that Colum McCartney is. Seamus Heamey begins the poem with an image of isolation, confusion, and the loss of safety. Heaney describes what happen the night that his cousin was killed: Leaving the white glow of the filling stations And a few lonely street lamps among the fields You climbed the hills towards Newtownhamilton Past the Fews Forest.... [tags: Papers]
1374 words (3.9 pages)
- Different Roads Traveled by Immigrants Works Cited Not Included In the world there are six billion people. All of these people are equal in the idea of the human race. These people are not always viewed as equals in some parts of the world. America is the melting pot of the world. America offers refuge to people in need and also who are just looking to pursue a better life. On that note I am going to give a compare and contrast essay between the migrants of Mexico and the migrants from Europe.... [tags: Immigration Immigrants USA Essays Papers]
2035 words (5.8 pages)
- Texas Toll Roads - an examination of tolling and alternate measures Nothing that has occurred in the last several years in Texas has been quite as controversial as the new and increased usage of toll roads for new road construction. We have heard many statements that the toll roads are being built as a money-making system for the state (and the Department of Transportation). Statements have also been made to the effect that the state is "selling" the state, one length of roadway at a time; that the current roads could be maintained by the state, with current state funding levels.... [tags: Government]
1228 words (3.5 pages)
- The Effects Of Turbulence On Microalgae And Culture Medium Which Can Influence The Sensitivity And Productivity Of Microalgae
- Is Marriage A Man?
- Wayne State 's Pr Institution Overall Agenda
- Gay Marriage Is The Covenant Union Of A Man And A Woman
- Evolution Theory And Theory Of Evolution
- The Problem Of Health Care