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According to BLS, those who are qualified for employment are those civilians aged 16 years and above. The employed are those aged 16+ and were working for pay during the survey period or those who did at least 15 hours unpaid work in family owned enterprises. The unemployed on the other hand, refer to those who did not have a job but had been actively looking for work four weeks prior to survey and are currently available to work. The labor force comprises all those employed and unemployed and these amounted to 155 million people out of U.S population of approximately 315 million people in 2013 (BLS, nap). Those not looking for a job such as the retired or schooling are not part of the labor force since they are neither employed nor unemployed. For those who are involuntarily unemployed, they receive government benefits in the form of unemployment insurance (UI) to compensate for lost income (Bakke 734). However, the voluntarily unemployed comprising of those dismissed for gross misconduct, those who leave work without a good cause, and those who refuse to work do not qualify for UI. The UI eligibility rules also exclude independent contractors, self-employed and agricultural laborers. The basic duration of regular state benefits in U.S is 26 weeks (737). The problem with these definitions is that they ignore those who have given up looking for work but are willing to work and also those in part-time employment and would like to engage in full-time employment as they are counted as employed. Furthermore, the BLS telephone surveys which are carried out every month do not consider those who do not have telephones especially the poor hence they may not be representative of the population. However, over time the results reflect what is happening in the economy and now the big question is; what causes unemployment?
One of the major factors that cause unemployment is the
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Total reasons for lack of employment could include any number of factors, such as a lack of desire to find work due to other economic avenues or support systems. It could also include those who are ineligible for work, due possibly to age or infirmity. Quantitative measures of unemployment statistics must include those who are otherwise fit enough to work, of an appropriate age and status, and are voluntarily seeking employment.
Slaves performed various functions ranging from household chores to plantation farm work. They were transported from developing countries especially Africa to colonial masters, with United States being an outstanding player in the inhuman act. According to research, not less than 20 million people got transported across the Atlantic Ocean.
This leads to major problems for the country and its population which include lower standard of living, poor health, lower GDP and national income, and a generally depressed society. However, this issue may have an even deeper impact upon a household in which the sole bread winner is unemployed.
These countries are closely integrated to the global economy and this interconnectedness made them particularly vulnerable to the cascading effects of a slowdown in the globalization trend. Neo-liberalism is put into question as various capitalist principles did not seem to work out, which had previously been hailed as a good development for everyone concerned, as exemplified by the phrase that a “rising tide lifts all boats” kind of rationalization but the benefits of globalization are spotty.
US Unemployment Problem
Over the years, unemployment problem has been an issue not only in the United States economy but also in the entire world. According to the united state bureau of labour statistics, para1, unemployment involves all those people without jobs but have actively looking for a job for the past four months without a success.
UNEMPLOYMENT IN FRANCE by Author’s Name Name of the Class Name of the Professor Name of the School City, State 24 June, 2013 1.0 Introduction The economic situation of unemployment in France has been a choking issue to the growth and development of the nation’s economy.
al unemployment occurs when job seeker’s skills are not in demand due to over specialization in a single field, geographical obsolescence, technological changes or structural change of the economy. For instance, decline of coal usage led may coal miners unemployed and they