Choate, P. (1986). The High-flex Society. New York: Alfred A. Knopf.
Unemployment has been a problem throughout the United States since the
beginning of our economic structure. In the most obvious sense, unemployment
means "being without a job." The term unemployment is one description of the
economic condition of a society at any given time. Low unemployment means the
majority of the labor force is involved in, or looking for steady work. On the
other hand, high unemployment is an indication of an economy in recession, or
even worse. This implies that a sizable percentage of the labor force is not
currently working. Until they actually start working again, they will be counted
in government data as "unemployed" (Shapiro, 1996).
The Bureau of the
Census in the Department of Commerce collects and tabulates the unemployment
statistics in the united states. Next, this information is given to the Bureau
of Labor Statistics (BLS) which is held in the labor department. The BLS then
calculates the unemployment rate and publishes the statistics. Every month,
agents revisit a set amount of households all over the United States. Some
economists criticize the government’s method of calculating unemployment because
it fails to include "discouraged workers" in its data (Shapiro, 1996).
"Discouraged workers" include those who have looked for a job over a large
period of time and have
simply quit. For this reason, critics say, real
unemployment may be extensively larger than one might think.
Throughout
the 1900’s there has been numerous polls taken that shocked everyone. The
unemployment rate for those who cannot read and write is dramatically higher
than for those who can (Simons, 1989). Illiteracy is a hidden problem throughout
the United States (Simons, 1989). Another poll taken showed that an estimated 23
percent of Americans can read a stop sign but cannot fill out an employment
form. Of those who can read and write, large numbers of adults cannot read and
write past the fifth grade level (Zycher, 1995). How are people going to get a
job if they are not even able to inform the company of their
skills?
Another interesting fact, is The severest deficient demand in the
United States occurred during the Great Depression in the 1930’s. In fact, at
one point the unemployment rate had raised to twenty five percent in 1933.
Fortunately, after world war one had begun the need for military had decreased
the rate to as low as 1.2 percent (Reynolds, 1994). On the other hand, most
people did not even pay any attention to the unemployment rate, because the
considered laziness to be the main cause.
Several possibilities have been
speculated, but none have been proven to be the single cause of high
unemployment. It is plainly
clear that there have been several problems that
play a role when the unemployment rate increases. Indeed, the experience of the
past several decades suggest that no simple, quick, or radical remedy can
eliminate the multitude of choke-points that are strangling U.S. economic and
political processes (Choate,1986).
Causes of unemployment can vary. Some
economists have defined several types of unemployment. One type is frictional
unemployment. This is a temporary and unavoidable period of time where a person
is out of the work force. According to One education way, "There are always some
people who are out of work for completely unavoidable reasons" (Shapiro, 1996,
P.151). Another example, is when technological and other changes cause
structural unemployment. There are also clinical changes in which changes in
general business occur.
"Peak" is a period of time when spending amounts
are extremely high along with employment rates. After a period of "peak",
activity consumers and business’ reduce unemployment rates along with their
spending levels. As this spending falls, other business firms begin to cut back
on their spending. As spending decreases, production goes into a phase of
recession, in which the decline of the gross domestic product occurs. Without
excess
spending, the whole line of supply and demand is severely impacted.
After the peak and recession phase, the economy enters its lowest point
(Sharpiro, 1996). The factories and firms begin to operate at less productive
levels. This, in turn, creates high unemployment. This phase is referred to as
"trough".
The economy now enters another phase that impacts the
unemployment rate. This phase is known as expansion. Now is the time of
recuperating. During this time, business and consumers begin to increase their
spending and production once again. Unemployment rates begin to decline as more
workers are hired onto the job force. This is where the economy brings itself
back to normal.
According to One Educated Way "Despite the pattern of
peak, recession, trough, and expansion; the principle story of economics history
is growth" (Sharpiro, 1996, P.150). This has been occurring throughout the
United States since world war one. We have experienced ups and downs in our
economy throughout the century. The federal government is promoting maximum
employment, production and purchasing power.
Fortunately, the United
States economy and other market systems have an ability to recuperate and
decrease their unemployment rate. According to The high-flex society "Numerous
remedies have been offered" (Choate, 1986, P.23). For example, we
entered the
expansion phase where the business and consumer spending began to increase.
Therefore, conditions were bound to improve along with business production.
Eventually, the economy reaches a peak once again (Shaprio, 1996). Most
expansion phases last about three to four years.
Joblessness is at record
lows, and yet people are staying unemployed longer (Lynch, 1997). According to,
the SIRS Researcher "the unemployment rate has fallen sharply since 1992"
(Reynolds, 1994, P.35). The number of jobs has not been expanding particularly
quickly. Polls taken show that employment has been growing about 2 percent a
year since 1993-94. Then exactly how does the unemployment rate drop so much
within a short period of time? Critics believe that consumer confidence has
increased a sizable amount and they are becoming more picky. Business week
stated that "The picture does not get any better than this" (Kortez, 1997,
P.32).
The United States has fought each type of fought unemployment
differently. There are several steps that can be taken to achieve low
unemployment once again. These steps are also known as the fiscal point and the
monetary policy. Fiscal point occurs when taxing and spending are used to
regulate economic activity. In turn, this creates the economy to surge and
forces the economy into an expansion phase. On the other hand, monetary policies
include government policies that have had a great effect on the interest rates.
This also affects the quantity of the money within circulation.
According
to the SIRS Researcher, "Some people believe the government must become the
employer of last resort if an industry cannot use the nation’s total labor force
(Zycher, 1995, P.46). Eventhough many of the European countries have this
policy, The United States has not bothered to pay any attention to it. This is
mainly because there is little to no backing on such a policy because federal
budget deficits have become to much of a major problem.
Choate, P.
(1986). The high-flex society. New York: Alfred A. Knopf.
Koretz, G.
(1997). Help wanted by small business. Business Week.
August 25, 1997, pp
32.
Lynch, M. (1997). Choosers not beggars. Business Week.
September
15, 1997, pp 8.
Reynolds, A. (1994). Employment crisis:
running out of willing
workers. SIRS Researcher. October 24, 1994, pp
35+.
Shapiro, H.T. (1996). One education way. Colorado
Springs:
Junior Achievement Inc.
Simons, P. (1989). Lets put
America back to work. Chicago: Bonus
Books.
Zycher, B. (1995).
Minimal evidence. SIRS Researcher. June, 1995,
pp 44-47.
Unemployment
has been a problem throughout the United States since the beginning of our
economic structure. In the most obvious sense, unemployment means "being without
a job." The term unemployment is one description of the economic condition of a
society at any given time. Low unemployment means the majority of the labor
force is involved in, or looking for steady work. On the other hand, high
unemployment is an indication of an economy in recession, or even worse. This
implies that a sizable percentage of the labor force is not currently working.
Until they actually start working again, they will be counted in government data
as "unemployed" (Shapiro, 1996).
The Bureau of the Census in the
Department of Commerce collects and tabulates the unemployment statistics in the
united states. Next, this information is given to the Bureau of Labor Statistics
(BLS) which is held in the labor department. The BLS then calculates the
unemployment rate and publishes the statistics. Every month, agents revisit a
set amount of households all over the United States. Some economists criticize
the government’s method of calculating unemployment because it fails to include
"discouraged workers" in its data (Shapiro, 1996). "Discouraged workers" include
those who have looked for a job over a large period of time and have
simply
quit. For this reason, critics say, real unemployment may be extensively larger
than one might think.
Throughout the 1900’s there has been numerous polls
taken that shocked everyone. The unemployment rate for those who cannot read and
write is dramatically higher than for those who can (Simons, 1989). Illiteracy
is a hidden problem throughout the United States (Simons, 1989). Another poll
taken showed that an estimated 23 percent of Americans can read a stop sign but
cannot fill out an employment form. Of those who can read and write, large
numbers of adults cannot read and write past the fifth grade level (Zycher,
1995). How are people going to get a job if they are not even able to inform the
company of their skills?
Another interesting fact, is The severest
deficient demand in the United States occurred during the Great Depression in
the 1930’s. In fact, at one point the unemployment rate had raised to twenty
five percent in 1933. Fortunately, after world war one had begun the need for
military had decreased the rate to as low as 1.2 percent (Reynolds, 1994). On
the other hand, most people did not even pay any attention to the unemployment
rate, because the considered laziness to be the main cause.
Several
possibilities have been speculated, but none have been proven to be the single
cause of high unemployment. It is plainly
clear that there have been several
problems that play a role when the unemployment rate increases. Indeed, the
experience of the past several decades suggest that no simple, quick, or radical
remedy can eliminate the multitude of choke-points that are strangling U.S.
economic and political processes (Choate,1986).
Causes of unemployment
can vary. Some economists have defined several types of unemployment. One type
is frictional unemployment. This is a temporary and unavoidable period of time
where a person is out of the work force. According to One education way, "There
are always some people who are out of work for completely unavoidable reasons"
(Shapiro, 1996, P.151). Another example, is when technological and other changes
cause structural unemployment. There are also clinical changes in which changes
in general business occur.
"Peak" is a period of time when spending
amounts are extremely high along with employment rates. After a period of
"peak", activity consumers and business’ reduce unemployment rates along with
their spending levels. As this spending falls, other business firms begin to cut
back on their spending. As spending decreases, production goes into a phase of
recession, in which the decline of the gross domestic product occurs. Without
excess
spending, the whole line of supply and demand is severely impacted.
After the peak and recession phase, the economy enters its lowest point
(Sharpiro, 1996). The factories and firms begin to operate at less productive
levels. This, in turn, creates high unemployment. This phase is referred to as
"trough".
The economy now enters another phase that impacts the
unemployment rate. This phase is known as expansion. Now is the time of
recuperating. During this time, business and consumers begin to increase their
spending and production once again. Unemployment rates begin to decline as more
workers are hired onto the job force. This is where the economy brings itself
back to normal.
According to One Educated Way "Despite the pattern of
peak, recession, trough, and expansion; the principle story of economics history
is growth" (Sharpiro, 1996, P.150). This has been occurring throughout the
United States since world war one. We have experienced ups and downs in our
economy throughout the century. The federal government is promoting maximum
employment, production and purchasing power.
Fortunately, the United
States economy and other market systems have an ability to recuperate and
decrease their unemployment rate. According to The high-flex society "Numerous
remedies have been offered" (Choate, 1986, P.23). For example, we
entered the
expansion phase where the business and consumer spending began to increase.
Therefore, conditions were bound to improve along with business production.
Eventually, the economy reaches a peak once again (Shaprio, 1996). Most
expansion phases last about three to four years.
Joblessness is at record
lows, and yet people are staying unemployed longer (Lynch, 1997). According to,
the SIRS Researcher "the unemployment rate has fallen sharply since 1992"
(Reynolds, 1994, P.35). The number of jobs has not been expanding particularly
quickly. Polls taken show that employment has been growing about 2 percent a
year since 1993-94. Then exactly how does the unemployment rate drop so much
within a short period of time? Critics believe that consumer confidence has
increased a sizable amount and they are becoming more picky. Business week
stated that "The picture does not get any better than this" ...(Kortez, 1997,
P.32).
The United States has fought each type of fought unemployment
differently. There are several steps that can be taken to achieve low
unemployment once again. These steps are also known as the fiscal point and the
monetary policy. Fiscal point occurs when taxing and spending are used to
regulate economic activity. In turn, this creates the economy to surge and
forces the economy into an expansion phase. On the other hand, monetary policies
include government policies that have had a great effect on the interest rates.
This also affects the quantity of the money within circulation.
According
to the SIRS Researcher, "Some people believe the government must become the
employer of last resort if an industry cannot use the nation’s total labor force
(Zycher, 1995, P.46). Eventhough many of the European countries have this
policy, The United States has not bothered to pay any attention to it. This is
mainly because there is little to no backing on such a policy because federal
budget deficits have become to much of a major problem.
Choate, P.
(1986). The high-flex society. New York: Alfred A. Knopf.
Koretz, G.
(1997). Help wanted by small business. Business Week.
August 25, 1997, pp
32.
Lynch, M. (1997). Choosers not beggars. Business Week.
September
15, 1997, pp 8.
Reynolds, A. (1994). Employment crisis:
running out of willing
workers. SIRS Researcher. October 24, 1994, pp
35+.
Shapiro, H.T. (1996). One education way. Colorado
Springs:
Junior Achievement Inc.
Simons, P. (1989). Lets put
America back to work. Chicago: Bonus
Books.
Zycher, B. (1995).
Minimal evidence. SIRS Researcher. June, 1995,
pp 44-47.
Unemployment
has been a problem throughout the United States since the beginning of our
economic structure. In the most obvious sense, unemployment means "being without
a job." The term unemployment is one description of the economic condition of a
society at any given time. Low unemployment means the majority of the labor
force is involved in, or looking for steady work. On the other hand, high
unemployment is an indication of an economy in recession, or even worse. This
implies that a sizable percentage of the labor force is not currently working.
Until they actually start working again, they will be counted in government data
as "unemployed" (Shapiro, 1996).
The Bureau of the Census in the
Department of Commerce collects and tabulates the unemployment statistics in the
united states. Next, this information is given to the Bureau of Labor Statistics
(BLS) which is held in the labor department. The BLS then calculates the
unemployment rate and publishes the statistics. Every month, agents revisit a
set amount of households all over the United States. Some economists criticize
the government’s method of calculating unemployment because it fails to include
"discouraged workers" in its data (Shapiro, 1996). "Discouraged workers" include
those who have looked for a job over a large period of time and have
simply
quit. For this reason, critics say, real unemployment may be extensively larger
than one might think.
Throughout the 1900’s there has been numerous polls
taken that shocked everyone. The unemployment rate for those who cannot read and
write is dramatically higher than for those who can (Simons, 1989). Illiteracy
is a hidden problem throughout the United States (Simons, 1989). Another poll
taken showed that an estimated 23 percent of Americans can read a stop sign but
cannot fill out an employment form. Of those who can read and write, large
numbers of adults cannot read and write past the fifth grade level (Zycher,
1995). How are people going to get a job if they are not even able to inform the
company of their skills?
Another interesting fact, is The severest
deficient demand in the United States occurred during the Great Depression in
the 1930’s. In fact, at one point the unemployment rate had raised to twenty
five percent in 1933. Fortunately, after world war one had begun the need for
military had decreased the rate to as low as 1.2 percent (Reynolds, 1994). On
the other hand, most people did not even pay any attention to the unemployment
rate, because the considered laziness to be the main cause.
Several
possibilities have been speculated, but none have been proven to be the single
cause of high unemployment. It is plainly
clear that there have been several
problems that play a role when the unemployment rate increases. Indeed, the
experience of the past several decades suggest that no simple, quick, or radical
remedy can eliminate the multitude of choke-points that are strangling U.S.
economic and political processes (Choate,1986).
Causes of unemployment
can vary. Some economists have defined several types of unemployment. One type
is frictional unemployment. This is a temporary and unavoidable period of time
where a person is out of the work force. According to One education way, "There
are always some people who are out of work for completely unavoidable reasons"
(Shapiro, 1996, P.151). Another example, is when technological and other changes
cause structural unemployment. There are also clinical changes in which changes
in general business occur.
"Peak" is a period of time when spending
amounts are extremely high along with employment rates. After a period of
"peak", activity consumers and business’ reduce unemployment rates along with
their spending levels. As this spending falls, other business firms begin to cut
back on their spending. As spending decreases, production goes into a phase of
recession, in which the decline of the gross domestic product occurs. Without
excess
spending, the whole line of supply and demand is severely impacted.
After the peak and recession phase, the economy enters its lowest point
(Sharpiro, 1996). The factories and firms begin to operate at less productive
levels. This, in turn, creates high unemployment. This phase is referred to as
"trough".
The economy now enters another phase that impacts the
unemployment rate. This phase is known as expansion. Now is the time of
recuperating. During this time, business and consumers begin to increase their
spending and production once again. Unemployment rates begin to decline as more
workers are hired onto the job force. This is where the economy brings itself
back to normal.
According to One Educated Way "Despite the pattern of
peak, recession, trough, and expansion; the principle story of economics history
is growth" (Sharpiro, 1996, P.150). This has been occurring throughout the
United States since world war one. We have experienced ups and downs in our
economy throughout the century. The federal government is promoting maximum
employment, production and purchasing power.
Fortunately, the United
States economy and other market systems have an ability to recuperate and
decrease their unemployment rate. According to The high-flex society "Numerous
remedies have been offered" (Choate, 1986, P.23). For example, we
entered the
expansion phase where the business and consumer spending began to increase.
Therefore, conditions were bound to improve along with business production.
Eventually, the economy reaches a peak once again (Shaprio, 1996). Most
expansion phases last about three to four years.
Joblessness is at record
lows, and yet people are staying unemployed longer (Lynch, 1997). According to,
the SIRS Researcher "the unemployment rate has fallen sharply since 1992"
(Reynolds, 1994, P.35). The number of jobs has not been expanding particularly
quickly. Polls taken show that employment has been growing about 2 percent a
year since 1993-94. Then exactly how does the unemployment rate drop so much
within a short period of time? Critics believe that consumer confidence has
increased a sizable amount and they are becoming more picky. Business week
stated that "The picture does not get any better than this" (Kortez, 1997,
P.32).
The United States has fought each type of fought unemployment
differently. There are several steps that can be taken to achieve low
unemployment once again. These steps are also known as the fiscal point and the
monetary policy. Fiscal point occurs when taxing and spending are used to
regulate economic activity. In turn, this creates the economy to surge and
forces the economy into an expansion phase. On the other hand, monetary policies
include government policies that have had a great effect on the interest rates.
This also affects the quantity of the money within circulation.
According
to the SIRS Researcher, "Some people believe the government must become the
employer of last resort if an industry cannot use the nation’s total labor force
(Zycher, 1995, P.46). Eventhough many of the European countries have this
policy, The United States has not bothered to pay any attention to it. This is
mainly because there is little to no backing on such a policy because federal
budget deficits have become to much of a major problem.
Choate, P.
(1986). The high-flex society. New York: Alfred A. Knopf.
Koretz, G.
(1997). Help wanted by small business. Business Week.
August 25, 1997, pp
32.
Lynch, M. (1997). Choosers not beggars. Business Week.
September
15, 1997, pp 8.
Reynolds, A. (1994). Employment crisis:
running out of willing
workers. SIRS Researcher. October 24, 1994, pp
35+.
Shapiro, H.T. (1996). One education way. Colorado
Springs:
Junior Achievement Inc.
Simons, P. (1989). Lets put
America back to work. Chicago: Bonus
Books.
Zycher, B. (1995).
Minimal evidence. SIRS Researcher. June, 1995,
pp 44-47.
Unemployment
has been a problem throughout the United States since the beginning of our
economic structure. In the most obvious sense, unemployment means "being without
a job." The term unemployment is one description of the economic condition of a
society at any given time. Low unemployment means the majority of the labor
force is involved in, or looking for steady work. On the other hand, high
unemployment is an indication of an economy in recession, or even worse. This
implies that a sizable percentage of the labor force is not currently working.
Until they actually start working again, they will be counted in government data
as "unemployed" (Shapiro, 1996).
The Bureau of the Census in the
Department of Commerce collects and tabulates the unemployment statistics in the
united states. Next, this information is given to the Bureau of Labor Statistics
(BLS) which is held in the labor department. The BLS then calculates the
unemployment rate and publishes the statistics. Every month, agents revisit a
set amount of households all over the United States. Some economists criticize
the government’s method of calculating unemployment because it fails to include
"discouraged workers" in its data (Shapiro, 1996). "Discouraged workers" include
those who have looked for a job over a large period of time and have
simply
quit. For this reason, critics say, real unemployment may be extensively larger
than one might think.
Throughout the 1900’s there has been numerous polls
taken that shocked everyone. The unemployment rate for those who cannot read and
write is dramatically higher than for those who can (Simons, 1989). Illiteracy
is a hidden problem throughout the United States (Simons, 1989). Another poll
taken showed that an estimated 23 percent of Americans can read a stop sign but
cannot fill out an employment form. Of those who can read and write, large
numbers of adults cannot read and write past the fifth grade level (Zycher,
1995). How are people going to get a job if they are not even able to inform the
company of their skills?
Another interesting fact, is The severest
deficient demand in the United States occurred during the Great Depression in
the 1930’s. In fact, at one point the unemployment rate had raised to twenty
five percent in 1933. Fortunately, after world war one had begun the need for
military had decreased the rate to as low as 1.2 percent (Reynolds, 1994). On
the other hand, most people did not even pay any attention to the unemployment
rate, because the considered laziness to be the main cause.
Several
possibilities have been speculated, but none have been proven to be the single
cause of high unemployment. It is plainly
clear that there have been several
problems that play a role when the unemployment rate increases. Indeed, the
experience of the past several decades suggest that no simple, quick, or radical
remedy can eliminate the multitude of choke-points that are strangling U.S.
economic and political processes (Choate,1986).
Causes of unemployment
can vary. Some economists have defined several types of unemployment. One type
is frictional unemployment. This is a temporary and unavoidable period of time
where a person is out of the work force. According to One education way, "There
are always some people who are out of work for completely unavoidable reasons"
(Shapiro, 1996, P.151). Another example, is when technological and other changes
cause structural unemployment. There are also clinical changes in which changes
in general business occur.
"Peak" is a period of time when spending
amounts are extremely high along with employment rates. After a period of
"peak", activity consumers and business’ reduce unemployment rates along with
their spending levels. As this spending falls, other business firms begin to cut
back on their spending. As spending decreases, production goes into a phase of
recession, in which the decline of the gross domestic product occurs. Without
excess
spending, the whole line of supply and demand is severely impacted.
After the peak and recession phase, the economy enters its lowest point
(Sharpiro, 1996). The factories and firms begin to operate at less productive
levels. This, in turn, creates high unemployment. This phase is referred to as
"trough".
The economy now enters another phase that impacts the
unemployment rate. This phase is known as expansion. Now is the time of
recuperating. During this time, business and consumers begin to increase their
spending and production once again. Unemployment rates begin to decline as more
workers are hired onto the job force. This is where the economy brings itself
back to normal.
According to One Educated Way "Despite the pattern of
peak, recession, trough, and expansion; the principle story of economics history
is growth" (Sharpiro, 1996, P.150). This has been occurring throughout the
United States since world war one. We have experienced ups and downs in our
economy throughout the century. The federal government is promoting maximum
employment, production and purchasing power.