Unemployment

Good Essays
Topics: Unemployment
Unemployment

Employment is the prime means for people to earn money, allowing them to provide the basic necessities, such as food, water, clothing, and shelter for themselves as well as their family members. Since employment is so important to our society, the increasing rate of people loosing their jobs is becoming a serious problem. The loss of a job can cause individuals to loose important possessions, such as, their home, car, etc.. It will also affect their lifestyle, having to manage their money more cautiously. Over time, the loss of a job can lead one to many physical, social, and mental health problems, or may also induce people to take part in illegal actions to fund the money they need to support their families.

Unemployment has become a leading world problem after the economic slow down that affected America in 2008. According to the United States Bureau of Labor statics, the unemployment rate in the U.S is 9.1 percent, since last recorded in October of 2011. They recorded approximately 13.9 million people without jobs, including people that are in the process of seeking other jobs. Not saying that unemployment did not affect us before the economic slow down, but the problem now has become more severe, and is starting to affect greater sums of people. Although unemployment has become so intense for us in America, there are also many other countries that are being affected by it as well. “Once Were Warriors,” a movie, that takes place in the slums of New Zealand, shows both Beth and Jake Heke unemployed, and the toll it took on them, along with their five children: Poll, Abe, Grace, Boogie, and Nig. In India, over 100,000 are left unemployed due to overpopulation and lack of education that is ongoing. According to the Labor Bureau, 9.4 percent of the whole country, and 10.1 percent in rural areas are unemployed since it was last recorded in 2010. The loss of jobs is occurring everywhere, and although there may be no suitable way to stop it from



Cited: Weisenthal, Joe. "A Heartbreaking Look At Suicide And The Unemployed - Business Insider." Featured Articles From The Business Insider. 17 Aug. 2010. Web. 18 Nov. 2011. . Spouses, Unemployed. "Unemployment Fuels Depression Via Loss of Identity | Unemployed & Depressed | Job Search | LiveScience." Current News on Space, Animals, Technology, Health, Environment, Culture and History | LiveScience. Web. 18 Nov. 2011. . "Unemployment Benefits." Wikipedia, the Free Encyclopedia. Web. 18 Nov. 2011. . "Essay On The Problems Of Unemployment In India. | Essay | Knowledge Hub." Do You Want to Publish Your Articles? – Publish Your Articles. Web. 18 Nov. 2011. . U.S. Bureau of Labor Statistics. Web. 18 Nov. 2011. . Once Were Warriors L 'âme Des Guerriers. By Lee Tamahori, Alan Duff, Murray Grindlay, Murray McNabb, Riwia Brown, Stuart Dryburgh, and Michale Horton. Perf. Rena Owen, Temuera Morrison, and Mamaengaroa Kerr-Bell. Studio Canal [éd., 2001. DVD.

You May Also Find These Documents Helpful

  • Better Essays

    1.0 INTRODUCTION TO UNEMPLOYMENT Unemployment is a situation where people have no job whether they are quitted or being fired and they are actively searching for it. There are two theories that were explained about unemployment that is Classical theory and Keynesian theory. 2.0 THEORIES THAT EXPLAIN UNEMPLOYMENT 2.1 CLASSICAL THEORY The first theory is Classical theory. It was first developed by Karl Max. From this theory it state that the level of unemployment will increase if there is government…

    • 1309 Words
    • 5 Pages
    Better Essays
  • Good Essays

    unemployment

    • 2167 Words
    • 9 Pages

    Unemployment Gina July 23, 2013 Economics Word Count: 2,112 Table of Contents What is unemployment?........................................................................................................................................3 The Causes and Types of Unemployment……………....................................................................................................................................3-5 Effects of Unemployment...…

    • 2167 Words
    • 9 Pages
    Good Essays
  • Good Essays

    unemployment

    • 9539 Words
    • 39 Pages

    overlapping types of and theories of unemployment, including cyclical or Keynesian unemployment, frictional unemployment, structural unemployment and classical unemployment.[5] Some additional types of unemployment that are occasionally mentioned are seasonal unemployment, hardcore unemployment, and hidden unemployment. The U.S. BLS measures six types of unemployment, U1–U6. Though there have been several definitions of "voluntary" and "involuntary unemployment" in the economics literature, a simple…

    • 9539 Words
    • 39 Pages
    Good Essays
  • Powerful Essays

    Unemployment

    • 2338 Words
    • 10 Pages

    According to Gillespie (2011)1, “unemployment is a measure of the number of jobless people who want to work, are available to work, and are actively seeking employment.” However, unemployment does not include underemployed workers and part time workers. Since 2008, the global unemployment rate has grown. However, in normal situations or even boom times, the unemployment rate never equals to zero. Hence, the main purpose of this essay will demonstrate the situation of unemployment. It will first describe how…

    • 2338 Words
    • 10 Pages
    Powerful Essays
  • Better Essays

    Unemployment

    • 1578 Words
    • 5 Pages

    Unemployment Introduction It stands for jobless or unemployed. Unemployment consists of the labor force (working age) who have no work. Do not confuse the workforce with the inactive population. There are three types of unemployment in peripheral economies are usually four (seasonal unemployment). These types of unemployment are cyclical, structural, frictional and seasonal. Unemployment, unemployed or layoff of employees who can and want to work but cannot find a job. In societies in which most…

    • 1578 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Unemployment

    • 2442 Words
    • 10 Pages

    be a number of people who are unemployed. Unemployment is when there are people in our society who desire work but are unable to obtain it because of the fact that there are not enough jobs for everyone. There are many factors that can cause unemployment but one of the biggest factors is lack of private investment. This is caused by private companies not expanding their activities fast or not expanding them fast enough. Another main factor of unemployment is the increase of labour costs. Labour costs…

    • 2442 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    Unemployment

    • 785 Words
    • 4 Pages

    Unemployment Unemployment is defined as when a person is available to work and seeking work but currently without work. Unemployment is one of the most important social problem of not only Pakistan but the problem of all over the world. Unemployment is a central problem of Pakistan because when unemployment is high, resources are wasted and people’s incomes are depressed; during such periods, economics distress also spills over to affect people’s emotions and family lives. The socio economics…

    • 785 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Unemployment

    • 1502 Words
    • 7 Pages

    of 'Unemployment'Unemployment occurs when a person who is actively searching for employment is unable to find work. Unemployment is often used as a measure of the health of the economy. | The most frequently cited measure of unemployment is the unemployment rate. This is the number of unemployed persons divided by the number of people in the labor force. Reasons for Unemployment People can be unemployed for a variety of reasons. The Bureau of Labor Statistics (BLS) notes five prime reasons…

    • 1502 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    Unemployment

    • 593 Words
    • 2 Pages

    Unemployment in Saudi Arabia student name: Feras Alasmari student ID: LAB427 instructor name: Mr. Zohair Khojah course: macroeconomics Introduction: A lot of people mix between unemployment rate of a country and all the people that don't have jobs within the same country which is wrong. When calculating the unemployment rate we only consider people with in the labor force. That means when we calculate unemployment rate in Saudi Arabia, we eliminate people under 15 years old (which…

    • 593 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Unemployment

    • 6415 Words
    • 26 Pages

    2020, i.e., 2.0 percent per annum. A glance at unemployment in INDIA Total unemployment in India has been estimated to be about 35 million persons in 2002. This figure takes into account the significant level of underemployment and seasonal variations in the availability of work. It also reflects wide variations in the rate of unemployment among different age groups and regions of the country. Approximately three-fourth of the unemployed…

    • 6415 Words
    • 26 Pages
    Good Essays