Unemployment in the U.S

Daniela Torres

Mrs. Straub

Economics

9/30/2014

Unemployment in the U.S

For years we had to face the challenge of not having enough jobs, and having a full family to feed. In history with the great depression and recessions, and also in recent years with a new recession. Many United States citizens have been fired from their jobs, and have been looking for a new job to support their family. Not having a job then throws the demand down for every family, thus throwing off the economy.

Many may argue that there have been jobs added to the industry in the past few years since the recessions. Although there have been 217,000 amount of jobs added, it is mostly resturant based jobs. There is nothing wrong with restaurant jobs, but with those franchises the economy is not able to manufacture what it really needs to be able to supply goods for the people, thus the Economy cannot be boosted with only restaurant jobs. Not only do we have this problem, but families then have to face an opportunity cost to either wait and find a better paying job, or to just apply for a job so that they can support their family.

As if that wasn't enough the media is telling us that the percentage of unemployment is only at 6.3%. One thing they don't take into consideration, so says economyincrisis.org, “The system doesn’t take into account of the people who: have been out of work for more than a year, those in part-time positions who really would rather be in full time position, and those who have given up on finding a job. If the Government would consider these three groups into account the unemployment rate would be 23%”(Mills). This shows the real unemployment rate that exist in the United States. The more unemployment rate the more crisis because there is not enough workers to provide the supply that is needed.

The unemployment is something that is always in the back of our mind, but yet there is nothing being done about this problem. We need more jobs in the factories to provide more supply because the demand is only getting higher from now on. At the rate that we are going, the unemployment rate is just going to increase if the only jobs that are opening are jobs that don't require an education, like restaurant jobs.    

"Employment Situation Summary." U.S. Bureau of Labor Statistics. U.S. Bureau of Labor Statistics, 18 Sept. 2014. Web. 5 Oct. 2014. <http://www.bls.gov/news.release/empsit.n

"Employment Situation Summary." U.S. Bureau of Labor Statistics. U.S. Bureau of Labor Statistics, 18 Sept. 2014. Web. 5 Oct. 2014. <http://www.bls.gov/news.release/empsit.n

"Major Problems Facing the American Economy and Country Today | Economy In Crisis." Economy In Crisis Major Problems Facing the American Economy and Country Today Comments. N.p., n.d. Web. 7 Oct. 2014. <http://economyincrisis.org/content/major-problems-facing-our-country-today>.

"The Real Jobs Report: “Free Trade” Kills American Manufacturing | Economy In Crisis." Economy In Crisis The Real Jobs Report Free Trade Kills American Manufacturing Comments. N.p., n.d. Web. 7 Oct. 2014. <http://economyincrisis.org/content/the-real-jobs-report-free-trade-kills-american-manufacturing>.

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