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Altenative for Unemployment or Housing Policy - Assignment Example

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Alternative for Unemployment or Housing Policy Table of Contents Statement of Topic 3 Brief Overview of Issue Area 4 Policy Discussion 4 4 Pros and Cons of Policy Discussion 5 Proposed New Policy 6 Arguments or Recommendations about Why This Policy Should Be Adopted and What Weaknesses in Existing Policy It Addresses 6 7 Works Cited 8 Statement of Topic In recent times, the United States of America (USA) has been facing a lot of unemployment issues…
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Altenative for Unemployment or Housing Policy
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Download file to see previous pages As time went by, the country was able to provide employment opportunities to an extent to the people but due to recent recession the country got into unemployed circumstances. The past seven decades showed the country with unpleasant unemployment crisis. In the year 2009, around 15.6 million of the people were left unemployed and around one-third of the people were jobless for the past six months. The circumstances were so severe during the same year that approximately 9.3 million people got involved into part time jobs because full-time jobs were not available. In spite of creation of approximately 200,000 jobs in the year 2009 the above situation still remains the same (Estevao & Tsounta, “IMF Working Paper”). The employment situation of the USA is quite severe and the government needs to develop strong policies in order to remove unemployment that has taken a place in the nation. Moreover, the private sectors are also unable to facilitate jobs in comparison to the number of jobs that are required by the nation. In order to get through the situation of unemployment the nation should provide financial relief to the state. Moreover, it should also provide certain amount of relief to those employees who lost their jobs due to recession by giving them the right job opportunity. Brief Overview of Issue Area The recession that took place in the year 2007 had a massive effect in the employment market of the USA. The number of unemployed people was estimated to be around by 8.5 million in 2007. Huge losses in jobs also continued in the year 2008. The problem of unemployment increased nearly by 750000 per month in the year 2009. The problem of unemployment had a negative effect on the economy of the USA. In the year 2011, there were around 46% of people who were unemployed. The people of America had faced this problem for the next 27 weeks from the time they were unemployed. The analysts revealed that there were jobless people especially in the manufacturing sector. There were around 2 million people who lost their jobs since the start of recession, till the year 2010. However, the statistics of labor market related to job availability have increased recently from the past two or three months. The recent data for employment as of the month of April 2012 reveals that the nonfarm payroll policy for employees increased approximately by 115000. On the other hand, the number of people who were without a job had a minimum change of around 8.1%. The problem of unemployment has unequal effects on the economy of the USA. The effect creates a mismatch between the skilled labor force and the need of laborers at various organizations. The number of low-skilled laborers especially those who are studying in schools have increased unevenly (Estevao & Tsounta, “IMF Working Paper”;” BLS Bureau of Labour Statistics U.S. Department of Labour, “The Employment Situation —April 2012”; Shimer, “Why Is the U. S. Unemployment Rate So Much Lower?”). Policy Discussion The United States Citizenship and Immigration Services (USCIS) is mainly focused on developing the administrative system of Employment Creation Program. The program is mainly known as EB-5. The EB-5 program was mainly developed in order to sponsor the immigration ...Download file to see next pagesRead More
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