April 09, 2013
Article Title: Dropouts: Discouraged Americans are giving up the job hunt for school, retirement, disability Summary:
This article talks about how unemployed Americans are becoming discouraged and giving up on the hunt for jobs. A woman named Natasha Baebler shares her story on how she has been actively searching for jobs for a full year, and has still yet to land a job let alone an interview. The article states “until she feels confident enough to send out resumes again, she’ll get by on food stamps and disability checks from Social Security”. Baebler is not alone in this situation, there are many other Americans who have lost confidence in themselves and have completely given up on the job market altogether. “The number of Americans in the labor force fell by nearly half a million people from February to March…the lowest such figure since May 1979.” Because of the drop of the number of people in the labor force, the unemployment rate dropped from 7.7 percent to 7.6 percent. This may sound like a good thing to the American people, however it is not, the rate dropped for the wrong reasons. America is lacking job opportunities therefore creating a shortage in demand for workers, hence making it difficult for work to be found. While some people are letting their rejection and shortcomings get the best of them by giving up and relying on the government to take care of them, others are using it as an advantage by going back to school to make themselves more attractive to prospective employers. This article directly relates to chapter 14, sections 3.1 and 3.2, which discusses the different types of unemployment and the labor force. I think that the types of unemployment which the various people in this article were experiencing were; cyclical unemployment and structural unemployment. Cyclical unemployment because most businesses these days do not have enough demand for labor to...