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Unemployment In The United States Essay

1093 Words5 Pages

Unemployment in the US: Causes and Solutions
Introduction
The impacts of sectoral movements, measured by dispersion in the development rates of business or earnings across industries or regions, on unemployment are tried in a detail controlling for the impacts of other market factors and moves in the demographic structure of the workforce. Interindustry and geographical moves in labor demand have noteworthy unemployment impacts, with adult guys the group most affected. The unemployment rate in the United States expanded from a normal of 4.9 percent for 1956-73 to 7.2 percent for 1974-87. It is of significance for motivations behind economic policy to evaluate the contributions of various microeconomic and macroeconomic factors to this increase …show more content…

The three primary causes of the current high unemployment rate in the U.S. are economic recession, globalization of markets and production, and technological advances (Tong, Tong, & Tong, 2012). To solve this high unemployment problem, the U.S. needs to take actions to grow the economy, boost exports, and create products that can be sold all over the world. To help facilitate a decrease in the trade deficit, the U.S government must invest financial assets in small and medium-sized businesses. The government must also develop advanced training for those workers whose jobs have been lost to advances in technology. Further, a massive investment in the country’s infrastructure is required. The items listed are a small part of what it will take to reduce and maintain the unemployment level in the United States.

References
Karoly, L. A., & Panis, C. W. (2004). The 21st Century at Work: Forces Shaping the Future Workforce and Workplace in the United States. Santa Monica, CA: Rand. Retrieved from Questia.
Murshed, S. M. (Ed.). (2002). Globalization, Marginalization, and Development. London: Routledge. Retrieved from Questia.
Parker, J. (1992). Structural Unemployment in the United States: The Effects of Interindustry and Interregional Dispersion. Economic Inquiry, 30(1), 101. Retrieved from Questia.
Tong, C. H., Tong, L., & Tong, J. E. (2012). High Unemployment in the United States: Causes and Solutions. Competition Forum, 10(2), 74. Retrieved from

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