Free

Unemployment Rate Rises - Essay Example

Summary

As the author of the paper "Unemployment Rate Rises" tells, from the Hastings Pipe factory alone, where Schwartz had been working, 146 workers have been fired. Statistics released today showed that there is a one percent rise in unemployment nationwide. …

Download full paper File format: .doc, available for editing

GRAB THE BEST PAPER92.5% of users find it useful

Read Text Preview

Subject: Journalism & Communication
Type: Essay
Level: Masters
Pages: 1 (250 words)
Downloads: 2
Author: hamilljuston

Extract of sample "Unemployment Rate Rises"

Companies are no longer making profits; thus, they cannot sustain a massive workforce, and unfortunately, there seems to be no chance of the situation improving anytime soon, as the president of the company Bob Hastings, “I ain’t running a charity, and frankly I can’t say chances are good these folks are going to get their jobs back.”

Looking for a good job is another work in itself. Besides many people lining up for an interview for that same job, the pay is peanuts. For example, the supermarket packing job that Schwartz went to for an interview pays $8.5 while at his previous job, he was paid $12.50. Moreover, despite having the required qualifications, job seekers feel like they are begging to be employed rather than deserving to be employed. As Schwartz puts it, “I always feel like I am begging…..Asking for favors”. Nevertheless, he expresses hope that the economy might change soon, and the likes of him will be able to secure a job and take care of their families.

Indeed, it is the hope of every man that they could live normally by providing for their family, for instance, paying for education, buying clothes, and summer camps.

Cite this document

APA
MLA
CHICAGO

(“Comm page 383 Essay Example | Topics and Well Written Essays - 250 words”, n.d.)
Retrieved from https://studentshare.org/journalism-communication/1668424-comm-page-383

(Comm Page 383 Essay Example | Topics and Well Written Essays - 250 Words)
https://studentshare.org/journalism-communication/1668424-comm-page-383.

“Comm Page 383 Essay Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/journalism-communication/1668424-comm-page-383.

Cited: 0 times

CHECK THESE SAMPLES OF Unemployment Rate Rises

Cause and Effect of the Unemployment Rate

During the years 1961-67, as Unemployment Rate Rises from 4 percent to 6 percent, inflation rate reduces from 3 to 1 percent.... unemployment rate and Inflation Introduction The perennial high rate of unemployment has been a nagging issue in U.... The unemployment rate is also a measure of how country is faring economically and its overall growth possibilities.... The Federal Reserve uses prevailing unemployment rate to set the direction to its monetary policy....

3 Pages (750 words) Term Paper

Business Process Outsourcing

As a result of this, the country's Unemployment Rate Rises significantly putting the country at risk.... One I take this opportunity first of all to commend you for the good job you are doing in the senate as our representative.... Secondly, I wish to draw your attention to an important subject that is of core concern to your people – the issue of outsourcing....

2 Pages (500 words) Essay

Where Are All the Jobs

t is upon these people that we receive the current, official unemployment rate.... The Bureau of Labor Statistics assures that all people, in all forms of unemployment, are ultimately assessed, but are statistically not included in the official unemployment rate.... In 2002 the United States has the lowest unemployment rate worldwide.... That rate, as of August 2012, is stated to be 8.... This research paper "Where Are All the Jobs" discusses unemployment crisis is not simply going to resolve itself and if something is not done to stabilize this country it is likely to get much worse....

4 Pages (1000 words) Research Paper

Introduction to Macroeconomics

However, during recessions, when the Unemployment Rate Rises, the demand will still be met by the supply, although the demand level will be lower.... In the essay 'Introduction to Macroeconomics' on macroeconomics, the following points are considered: in a closed economy, goods can be at market equilibrium yet large degree of unemployment, Keynes' proposed solution: monetary and fiscal policy for cyclical unemployment.... While the output of the economy can be at market equilibrium, the high level of unemployment can be traced back, not from the demand-supply equilibrium in the wage market as classical economists argue, but because of lower aggregate demands which, as Keynes argues, leads to lower demands in labor in turn....

6 Pages (1500 words) Essay

Viewpoints of Classical and Keynesian Economists

However, during recessions, when the Unemployment Rate Rises, the demand will still be met by the supply, although the demand level will be lower.... While the output of the economy can be at market equilibrium, the high level of unemployment can be traced back, not from the demand-supply equilibrium in the wage market as classical economists argue, but because of lower aggregate demands which, as Keynes argues, leads to lower demands in labor in turn.... This is why in the goods market prices and quantity will settle at equilibrium but high unemployment can still be present in the economy....

8 Pages (2000 words) Essay

The Great Depression

% and the Unemployment Rate Rises from 3.... The unemployment rate in 1932 increased to 23.... Also the Great Depression in the United States was marked by tremendous growth in unemployment, it started under a Republican administration of President 31st American President Herbert Hoover, who promised during the election campaign "prosperity" for people.... The situation was aggravated by the fact that the Hoover administration was not a federal program to combat unemployment....

2 Pages (500 words) Term Paper

A Summary of the Film

This paper ''A Summary of the Film'' tells that Humor turns out to be an essential aspect to keep the viewer's bound when a romantic movie is created on a low budget.... Shooting based on different locations increases the funding substantially.... his is the movie of the pre-internet era of the 1980s....

6 Pages (1500 words) Essay

Relationship between Work and Leisure

However, if the Unemployment Rate Rises to more than a certain level (usually above 5%), it becomes harmful to the economy (Costello, 2005).... If the unemployment rate is low, it is considered to be helpful to the economy as it helps to reduce inflation in the economy.... Wages refers to the payment given to temporary workers and mostly the wage rate is calculated according to the amount of work done (piece rate) or according to the amount of time spent at work (time rate) (Costello 2005)....

6 Pages (1500 words) Article