We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Unemployment in US economy - Term Paper Example

Unemployment in US economy

For a long time, labor market students have believed that the time of acute rise in unemployment or recession were due to increased rates of separation from jobs and decreased rates of finding jobs. From this perspective, the period of recession starts by the trend of layoffs. The trends of layoffs are mainly done in industries of durable goods. As labor market gets crowded with those seeking for employment, the rate of finding jobs decreases and the after unemployment duration rises. In contrary, recent research and data have disapproved this argument. The new perspective views separations as to have no contribution to the increased problems of unemployment during the period of recession. The reason behind increased unemployment during the recession is difficulties in finding jobs, not the dumping of those seeking jobs by rates of separation into the labor market. The current view places its focus on decisions of hiring to be the main factor that explicates the variation in the cyclic unemployment. The market of labor extends its periods if newly hired number remains constant irrespective of the accessibility of job seekers.
As the rate of separation is near a constant, the explanation for fluctuations in the rate of unemployment is on the falling variation rates of the unemployed. There are various ways used to measure unemployment rate. From the current population survey (CPS) data, workers do change jobs with no observable intervention on unemployment. Hence,

Check these samples - they also fit your topic

Impact of NAFTA on the US economy
Since its inception in 1994, the agreement has been appreciated for the benefits U.S. economy reaped through it and criticized for the negative impacts it might have had on U.S. economy. This paper discusses some of the negative and positive impacts of NAFTA on U.S.
4 pages (1000 words)Term Paper
Macroeconomics Inflation and Unemployment Exchange Rate and Open Economy
This is in terms of the quality of life led by the citizens. Some critics however have found that the use of national income data is not 100 percent reliable indicator of standard of life (Miller, 2011). The business cycles in an economy would influence standard of living.
3 pages (750 words)Term Paper
Unemployment Rate in Different States
What part does the economic downturn of the last three years play in this area, and what factor does industry have to do with joblessness? Or is it simply the normal economic adjustments occasionally required from a capitalitisic society? Also we will look at what part the nation’s defense plays in the budget and whether defense spending affects the United States.
4 pages (1000 words)Term Paper
Unemployment and its Effect on Consumer Spending
Many countries have tried to mitigate its effect brought upon by the global recession whilst many other countries are still facing the curse with increasing unemployment rate. The unemployment rate is considered to be a measure through which a country’s unemployment is measured in terms of percentage.
6 pages (1500 words)Term Paper
Four Major Problems Faced by the US Economy Currently Based on Current Media Reports
People started to default, and the society and institutions started to face liquidity issues. Soon with this credit crunch, the debts started to rise and the economy started to experience its effects which included the rising unemployment rates and decreasing gross domestic product (GDP) of US economy.
5 pages (1250 words)Term Paper
The detrimental impact that the 911 Terrorist Attack had on the NYC/US Economy
Due to such detrimental attack of terrorism which occurred on 9/11 in the World Trade Center in US, the impacts of terrorism have received increasing attention for review of the literature on the impacts of terrorism. The activities of terrorism being aimed at the destruction of the cities and derailing the livelihood of the people of the country affect the economic activities by damaging its fundamentals and deep roots in the national structure.
24 pages (6000 words)Term Paper
Inflation in the US after the Second World War
In fact, the country has seen long periods of deflation before the Second World War. The last economic expansion took place between March 1991 and March 2001 when the rate of inflation was low by the standards of the post Second World War era, which holds true irrespective of the kind of index used to calculate the rate of inflation.
5 pages (1250 words)Term Paper
Open economy
The reality, however, of these economic practices are worth examining in detail in terms of assessing whether, as advertised,
6 pages (1500 words)Term Paper
State of current US Economy
of the United States in the first quarter of 2014 was 4.6%.1 This growth is a clear indication that the economy is building gradually more so after the dismal performance in the first quarter that stood at 2.1%. This dramatic rise in the growth is more than twice the economic
4 pages (1000 words)Term Paper
Economy of any country in the world
The open economic policy approach, however, ceased to retain its economic success. The essay presents a succinct exploration of problems causing the recession in Germany’s economy, loss of monetary policy independence, a minimal rate of productivity growth and higher
2 pages (500 words)Term Paper
there is a rate for finding jobs for those who hold jobs. Individuals do take up employment after being out of labor sector; therefore, there is an unemployment rate for the group. Moreover, this rate for those who are seeking for jobs is a vital concept. Unemployment rate is the rate at which one activity flows into employment compared to individuals who are searching for new jobs. Finding a denominator of any unemployment rate is quite challenging. Only a few number among the employed search for new jobs. Most of those who are employed have adequately comparative advantages that are strong in their present jobs that the probability for getting jobs that are better is small. The rate of finding new jobs for those who are employed, which took the denominator as total employment, would not record any substantial changes provided the numerator is constant. Getting the denominator for the unemployed faces the same problems. For this issue to be solved, avoid measuring unemployment rate. Then consider measuring unemployment that is inclusive of the unemployed in a month, though, seems to be absorbed into employment sector in a specific month. A CPS improvement was inclusive of questions that spot the group (Kodrzycki 44). It consists of individuals who are willing to work although believe there is no work available because of certain reasons. The marginalized workers also fall under this group. From the attached CPS data, reasons for adding individuals who are not in the labor force in the denominator but are likely to search for jobs is well illustrated. The data provide CPS transition matrix among three counties of being unemployed, lacking in the labor force, and working. Every month, approximately 7.2% of individuals, not in the labor market in the past month are employed in the subsequent year. Approximately two third get employed and
Cite this document
  • APA
  • MLA
(“Unemployment in US economy Term Paper Example | Topics and Well Written Essays - 750 words”, n.d.)
Retrieved from https://studentshare.org/management/1398749-term-paper
(Unemployment in US Economy Term Paper Example | Topics and Well Written Essays - 750 Words)
“Unemployment in US Economy Term Paper Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.org/management/1398749-term-paper.
  • Cited: 0 times


The unemployment turnover view has a strong base on the contemporary thinking about unemployment in the entire United States. Joblessness or unemployment takes place when an individual searches for another new job and devotes most of time searching for another job…
Unemployment in US economy
Read TextPreview
Comments (0)
Click to create a comment or rate a document
Let us find you another Term Paper on topic Unemployment in US economy for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us