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Macroeconomics - Case Study Example

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The issue of unemployment has become a big problem in the United States as people begin to worry that the situation could be more serious than what has been, and the recovery from this decline in opportunities may be harder to achieve than most individuals thought. Unemployment…
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Download file to see previous pages... Due to this fact among others, there has been a suggestion that the unemployment rate that has been released by the government are not exactly accurate and may actually be higher than the numbers stated (Nutting). However, taking this mode of argument means that one has to consider a number of factors before they are in agreement with the authors of these articles.
For instance, the fact that one may be hindered from looking for a job by circumstances such as other duties and responsibilities like childcare and homecare does not mean that given the chance these individuals would actively search for employment opportunities. One has to factor in the issue of willingness as well as determination especially in a time where one can easily search for jobs online without having to leave the comfort of their homes. There are also various jobs that one can perform from their homes and thus if these individuals have not tried to get these kind of employment opportunities it can be established that they would look for the more traditional forms of work had they had an opportunity. The issue of being discouraged by the current economic situation and perhaps their failure in the past can also not be seen as a serious hindrance as this is a factor that can be overcome by willpower and determination. It can thus be correct to come to the conclusion that the real unemployment rate is not as accurate as one would think (Nutting).
The issue of long term unemployment is also another subject that should be considered in matters of unemployment in relation to the available job opportunities that currently exist in the market. It has been seen that those who experience longer periods of time without employment have a lesser chance of getting a job as time goes on. This is because many employers tend to favor individuals who have a smaller gap between their status of unemployment and their last job (Coy). Long term ...Download file to see next pagesRead More
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