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i.e the number of unemployed worker divided by the total number of people in the labor force. People in the age group 16-64 constitute the labor force. The Business Week reported in 2011 that around the world more than 200 people are out of a job. There are three main types of unemployment. Structural unemployment is as result of lack of demand for the workers for a particular industry. Frictional Unemployment is caused by people moving from betweens occupations and locations. Cyclical unemployment is also known as demand deficient unemployment and occurs when there is not sufficient aggregate demand to offer jobs to all the workers. E.g. not finding work due to recession.
According to a Gallup poll conducted over a telephonic survey towards the end of the year 2011, Unemployment topped the list of problems faced by Americans for the second consecutive month. 35% of Americans recognized unemployment as the major dilemma that they face. They said that the economy was the second problem. It was followed by healthcare and then government. Moreover the unemployment rate has improved in the last couple of months but is at 9% with about 14 million Americans searching for work. The Bureau of Labor Statistics (BLS) highlighted that more 8 million people who are capable of having a full-time job are currently working part-time. A million people are categorized as ‘discouraged workers’ meaning that they are willing to work but feel that there is no job available for them. Furthermore Americans faced the longest during of unemployment rising up to 36.9 weeks which is the highest since 1948. (Linn)
This serious crisis has psychological costs along with the social costs. It causes critical health problems, depressions and anxieties, people lose their self esteem and become hopeless. The spending power falls and effects sense of accomplishment and social status. Moreover along with the person the family and those close to him also
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The study discusses the possible factors that lead to family break up, aftereffects in terms of single-parent issues and impact of all these issues on the psychological well-being of children which further increase the vulnerability of behavioral, interpersonal and academic problems. It also discusses the role of government in overcoming all of the above mentioned problems associated with broken homes.
Individuals differ in certain unmeasured variables that, if not properly controlled, have influential impact on levels of unemployment. There exists, however, no universally acceptable definition of unemployment so far because both employed and unemployed people worldwide are measured quite differently.
This paper clearly shows that technology is very important both at work and in family set up since it eases life by performing tasks, which might otherwise prove difficult. Computers, cellular phones, automated machines among others have made life simpler and cheaper, thereby increasing standard of living, and well-being.
But that social aversion to same sex unions have slowly to turn, with our society now becoming more tolerant and acceptable of such relationships. However, even as we have slowly come to accept same sex couplings to the extent that a number of United States areas have given a legal basis for same sex marriage to now come to fruition, there has been very little discussion in the public arena about how these unions may come to affect the lives of children.
While the impact of the World War II left an indelible mark on the American society that is evident to date, the entry point to the social and family restructuring was women, through whom the reorganization of the social systems then took shape and inflicted the whole of the American society.
These individuals have left their own country in search of new opportunity and promise. They desired a land where they could follow their dreams and achieve true economic freedom. For the most part, America has lived up to this perception throughout its young and storied nearly 240 year history.
Such statistics means that the nine million persons are struggling in one way, or another. Unemployment has repercussions not only to the unemployed but also for the country at large. It places physical, financial and psychological strains
cademics and economists work on the ways out to improve the situation and even present the arguments to ensure people that there is a particular level of unemployment that cannot be eliminated, unemployment significantly influences the country and, more importantly, the
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