Unemployment in the USA
The unemployment rate has become an issue in the past few months. Most people who have lost their jobs were middle-aged factory workers with few skills and little education. But in recent months a large number of employees have been laid off in the retail and restaurant businesses. The unemployment rate has increased to nine percent. Dealing with the loss of a job is very similar to the emotions when experienced with loss through a divorce or death of a loved one.
The unemployment rate has been divided into the employment and unemployment level, and the labor force and stock variables. There is a change in the labor force due to a flow in natural populations, immigrations, new entrances, and retirements. The growth of jobs is a relief but with the percent that are still unemployed and the billions of dollars of debt that have been created are still not enough to get our economy growing. We have a lot of work to do before our economy gets stable and helps people become more confident.
The high unemployment rate has raised many social and economic problems. As an example, the number of people who commit suicide has increased; it is because more people had lost their jobs for a long time and has struggled to find another. It is a serious threat to the people of the poor. The unemployed people may also feel that it is not meaningful to live. Furthermore, the high unemployment rate results in the increase of the rate of crime. Unemployment contributes to low self-esteem and to family instability, decreased family relations. Lessons can emerge from those who cope well with unemployment but the immediate goal is to survive emotionally and financially until you have a clear direction for you and your family.
It is important for the government to manage the increase in labor cost, increase employment as well as labor productivity. There should be strategies to maintain economic growth in a steady rate, to...