Unemployment in America - 1450 Words

All throughout the years the economy has been changing, with the unemployment rate fluctuating to accommodate the economic changes. With unemployment on the rise people have to choose between their wants and needs based on their economic situation; the ability to prioritize these things will make or break them in this economy. The government plays a direct and indirect role in the economic lives of people as well. There are possibly things that can be done about the current economic situation but the problem has yet to be solved. Just as stated, the effect of the economy on Phenix City and Alabama has the employment of workers fluctuating. In a broken economy, where job losses and credit squeezes run hand-in-hand, managing money between need and wants can mean the difference between survival and bankruptcy - whether you are employed or not. After a person loses their job, the first things that they should do is re-evaluate their spending and separate their expenses into wants and nee ds. Needs are categorized as items that are essential to survival; while wants are categorized as things that are desired but are not necessary to live. People should not remove needs from your monthly spending, but they should be reduced as much as possible until employment is found. The grocery budget can be reduced, the use of electricity and water can be reduced, and minimizing driving can reduce gas expenses. The unfortunate reality of people losing their jobs is that they must get rid ofShow MoreRelatedUnemployment And Its Effects On America926 Words   |  4 Pagesin small,brown, moldy cardboard boxes or sleeping wherever they can to survive. There are about 5.5 percent of people in America that are employed even with a college degree, however, â€Å"people who lack high school diploma or GED make up a quarter month 2014 to date† (Bolen). Unemployment is the one of the biggest poverty problems in America. But what is unemployment? Unemployment is described as when peo ple are looking for job within the past four weeks and can’t find work, however, it can also meanRead MoreAmerica Has Made Mistakes Before1678 Words   |  7 Pages America has made mistakes before, now the country plans out their economy’s future a little more. One of the top five largest economies in the world, the United States, promises for new laws regulating and decreasing in tax burdens in United States’ markets. Americans can expect to see a faster growth than previous years, and according to Forbes article The U.S. Economy In 2017: Welcome Higher Growth, â€Å"the U.S. economy will be a key driving force of other Western economies† (Chafuen 1). EspeciallyRead MoreEssay on Four Most Important Problems Facing America534 Words   |  3 Pagesproblems facing the United States of America today. I will present these problems in order for most important, to least important. I will talk about how these problems came to be and discuss what my research s tated. I will then give my reasoning for selecting each problem and discuss my ideas for correcting these problems. I believe that America is facing a great deal of problems at this time; however, the top four issues in my opinion are economic instability, unemployment, gun control and limitationsRead MoreIntroduction. The Rising Unemployment Has Generated Challenges1381 Words   |  6 PagesIntroduction The rising unemployment has generated challenges in low income communities. Unemployment involves a situation where people in a particular community are actively seeking employment but the employment rates are low. The increased rates of unemployment are contributed to by factors such as recession periods that adversely affects the economy. Impacts on the economy in turn affect the labor force leading to loss of employment and reducing the rates of employment opportunities in the countryRead MoreEssay on Causes of Unemployment881 Words   |  4 PagesThe unemployment rate slowly started getting worse and it may have hit all time lows. With unemployment rates soaring the causes of this are from aging, teenagers, and outsourcing even though some refute with saying it is self inflicted. One of the things that cause unemployment to keep increasing is the age of people. Seeing as there is almost no family not affected by this great recession, there must have been a cause. â€Å"You are aging as you are not employed, and nobody is looking to hire somebodyRead MoreThe American Dream1344 Words   |  6 Pagesstill exists because the unemployment ratio has decreased , the salary for the jobs has increased, and people of America have freedom. The American Dream is achieved by sacrifice and hard work. The government has been working hard to increase the employment rate. The unemployment rate has drastically decreased within the past decade. At the start of the decade, in April 2010, the unemployment rate was its all time high of 9.9%. Six months later in October 2010, the unemployment rate decreased .5% andRead MoreThe American Dream Is Still Alive Today1078 Words   |  5 PagesDream still exists because the unemployment ratio has decreased , the salary for the jobs has increased, and people have freedom. The American Dream is achieved by sacrifice and hard work. The government has been working hard to increase the employment rate. The unemployment rate has drastically decreased within the past decade. At the start of the decade, in April 2010 the unemployment rate was its all time high of 9.9%. Six months later in October 2010, the unemployment rate decreased .5% and it wasRead MoreEconomic Policy Essay1071 Words   |  5 Pagesrecession, when the housing bubble popped, caused a huge dip in the GDP, a shockingly high unemployment rate, and a mess of a country, and it has taken years to recover itself to the place where it is today. 9 years later, GDP and inflation is back on track and the unemployment is lower than it has been in years. First, America needs to look at the trends in real net domestic product and real GDP. Second, unemployment rate should be analyzed and understood what patterns it has taken to get there. LastlyRead MoreFactors Affecting the Unemployment Rate Essay98 0 Words   |  4 PagesUnemployment rates refer to the number of people who have been verified as being with no employment and who have actively tried to secure employment within the current past without success. This means that these categories of people are willing and able to work but there are no employment opportunities. The unemployed group of people does not include people who have no jobs and have not been trying to get employed. Thus to be termed as unemployed there must be some demonstration of efforts to gainRead MoreThe Elizabeth Poor Law824 Words   |  4 PagesElizabeth Poor Laws: Why were they so important in the development of social welfare in North America?: The Elizabeth Poor Law advocated and placed responsibility of the poor to the churches and government. If parishes could not meet the responsibilities, counties were required to assume relief-giving functions. The government became the chief enforcer of poor relief. However, the local parishes fulfilled their welfare responsibilities in several ways. They provided outdoor relief to persons