Ask Microeconomics Expert

1). What's going on with the rate of unemployment in the U.S. today?

The monthly "household survey" of unemployment conducted for the Bureau of Labor Statistics of the U.S. Department of Labor for  is discussed athttp://www.bls.gov/news.release/empsit.nr0.htm.

You might also want to look at the tables reachable by clicking on links at at the bottom of the page, many of which are very interesting.  Table A  (http://www.bls.gov/news.release/empsit.a.htm (Links to an external site.)) gives basic overall unemployment breakdowns by race/ethnicity, education level, age, etc.  Table A15 shows what the figures look like if you add in people who aren't officially unemployed (groups like the 800,000estimated "discouraged workers" who haven't looked for a job in the past 30 days and say the reason is that they don't think they can get a job right now and the 8 million people who are wolerking part-time but wish they were working full time)

Question:  How is the unemployment problem changing, if at all, over the last year, and over the past few months?  Any signs of hope?  (reductions in unemployment in certain sectors or certain areas, etc?)  Basically you can feel free to discuss any dimension of the unemployment issues in the U.S. that you care to.  Information on trends and issues is readily available in the press.)

Long-term unemployment is the most damaging type of unemployment, as people lose money and find it more and more difficult to be re-hired the longer they are left without jobs - any information on how many people are still suffering from long-term unemployment (six months or more?  Or a year or more?

Another problem is the large number of "involuntarily part-time" workers.  These are people who say they only have a part-time job but wanted a full-time job.  Is that number falling or rising?

Feel free to draw on other sources for info as to this issue, as long as you cite them.

Oddly, sometimes when the economy turns up the number of "discouraged workers" drops but the unemployment rate increases.  That's because people who want a job but haven't looked in the past 30 days because they thought no one would hire them right now ("discouraged workers") aren't counted as unemployed.   (You have to search to be considered unemployed.)  When discouraged workers hear good news about the economy they start to search - so the first effect as the the number of "unemployed" rises and the unemployment rate rises.  Has that happened lately?

Or:  How's the rate in San Antonio?  Any aspect of the issue (even unemployment in another country) you wish to talk about is okay.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91677399
  • Price:- $30

Priced at Now at $30, Verified Solution

Have any Question?


Related Questions in Microeconomics

Question show the market for cigarettes in equilibrium

Question: Show the market for cigarettes in equilibrium, assuming that there are no laws banning smoking in public. Label the equilibrium private market price and quantity as Pm and Qm. Add whatever is needed to the mode ...

Question recycling is a relatively inexpensive solution to

Question: Recycling is a relatively inexpensive solution to much of the environmental contamination from plastics, glass, and other waste materials. Is it a sound policy to make it mandatory for everybody to recycle? The ...

Question consider two ways of protecting elephants from

Question: Consider two ways of protecting elephants from poachers in African countries. In one approach, the government sets up enormous national parks that have sufficient habitat for elephants to thrive and forbids all ...

Question suppose you want to put a dollar value on the

Question: Suppose you want to put a dollar value on the external costs of carbon emissions from a power plant. What information or data would you obtain to measure the external [not social] cost? The response must be typ ...

Question in the tradeoff between economic output and

Question: In the tradeoff between economic output and environmental protection, what do the combinations on the protection possibility curve represent? The response must be typed, single spaced, must be in times new roma ...

Question consider the case of global environmental problems

Question: Consider the case of global environmental problems that spill across international borders as a prisoner's dilemma of the sort studied in Monopolistic Competition and Oligopoly. Say that there are two countries ...

Question consider two approaches to reducing emissions of

Question: Consider two approaches to reducing emissions of CO2 into the environment from manufacturing industries in the United States. In the first approach, the U.S. government makes it a policy to use only predetermin ...

Question the state of colorado requires oil and gas

Question: The state of Colorado requires oil and gas companies who use fracking techniques to return the land to its original condition after the oil and gas extractions. Table 12.9 shows the total cost and total benefit ...

Question suppose a city releases 16 million gallons of raw

Question: Suppose a city releases 16 million gallons of raw sewage into a nearby lake. Table shows the total costs of cleaning up the sewage to different levels, together with the total benefits of doing so. (Benefits in ...

Question four firms called elm maple oak and cherry produce

Question: Four firms called Elm, Maple, Oak, and Cherry, produce wooden chairs. However, they also produce a great deal of garbage (a mixture of glue, varnish, sandpaper, and wood scraps). The first row of Table 12.6 sho ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As