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The Unemployment of the USA - Essay Example

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The paper 'The Unemployment of the USA' presents the importance for young adults in college to evaluate the job market prior to choosing a major. In the United States, the unemployment rate is high compared to the past when the unemployment rate used to hover around 5%…

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Subject: Macro & Microeconomics
Type: Essay
Level: Masters
Pages: 1 (250 words)
Downloads: 2
Author: gus19

Extract of sample "The Unemployment of the USA"

The top two occupations that offer the most job openings are postsecondary and elementary teachers with 892,000 and 587,000 job openings respectively. Middle school teachers and secondary school teachers held the 4th and 6th position in terms of job growth. The career with the least job openings is a physical therapist at 72,000 jobs openings. Other than teaching positions five careers that have a good outlook for the period 2004-2014 are accounting, software engineers, physicians, lawyers, and managerial analysis.

During this period the US economy will generate 486,000 jobs in accounting and 268,000 software engineer jobs.The primary reason people attend college is go obtain an education in order to find a job. The information provided on figure 6-2 is very valuable for college students because it provides them with data than can be used to make a change in their curriculums. It is not a wise investment to study a profession for which the availability of jobs is limited. The chart was very useful, but it only provided data for 20 professions and there are hundreds of different occupations that require a college degree which was not mentioned in the chart.

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