Open Always
Email: support@globalcompose.com Call Now! +1-315 515-4588
Open Always
Email: support@globalcompose.com Call Now! +1-315 515-4588

Sample Creative Writing on Unemployment

This sample paper on (Sample Creative Writing on Unemployment) was uploaded by one our contributors and does not necessarily reflect how our professionals write our papers. If you would like this paper removed from our website, please contact us via our Contact Us Page.

A Database of over Million Scholarly Resources. Start your Search Now

Sample Creative Writing on Unemployment

Unemployment is an economic situation where individuals who are actively seeking for employment are unable to be absorbed in the job market.  Unemployment is normally measured through unemployment rate, where the number of unemployed individuals is compared with the number of individual in the labor force. In the U.S.  the discussion concerning unemployment revolves around the causes of unemployment, as well as  strategies to minimize unemployment. The U.S. has recorded a constant expansion of employment from the 1990s, but this trend has been interrupted twice during the Great Recession in 2001, as well as between 2007 and 2009.

Unemployment rates usually decline when countries are experiencing economic prosperity, but rise when a recession occurs. The U.S. unemployment rate has been on the decline since the end of recession in 2009. According to the Bureau of Labor Statistics, the unemployment rate in the U.S. stands at 4.6% in November 2016 (“Employment Situation Summary” n.p). This is a decline of 0.3% from October. The wage growth is slow, although it is above the inflation, and American consumers  have been optimistic  for nearly a decade since President Obama took over in 2008 (Cohen n.p). The jobless rate, as recorded in November 2016, is at its lowest level since the beginning of the global recession on August 2007.

Fiscal policy, which incorporates government spending and taxation, and monetary policy, which integrates adjustments of the interest rate by the U.S. Federal Reserve, contribute largely in the management of the unemployment rate. They act as economic exchange between unemployment and inflation. The Federal Reserve (the Fed) is quite positive that the current economic situation is under control, and is contemplating on raising the benchmark interest rate in the coming month to tighten the reserves (Cohen n.p).  The Fed has the mandate to attain full employment while still maintaining a low inflation rate. The Fed has exercised fiscal policy to cut on cost, but the reaction is that a few jobs have been created while companies are unable to create more jobs owing to high taxation.

The main causes of unemployment in the U.S. include government sector layoffs in an effort to minimize its expenditure. Initially, government jobs were considered the safest in terms of security, but nowadays, no one can predict what would happen to him/her when the economy is hit by a financial crisis. The main cause of worry in the U.S. is that the full-time occupations are vanishing and are replaced by part-time jobs, as companies attempt to evade extra compensation for full-time jobs (Evans 157). Companies are facing a challenge of finding the right workers and how to maintain such workers. Equally, companies are unwilling to raise wages to point where sidelined workers can get a chance to join them. Globalization has contributed in the unemployment, as companies shift their operations to overseas countries to avoid regulations and minimize labor costs.

Unemployment rates are possibly the most appropriate indicators of the economic situation of any country. The U.S. Bureau of Labor Statistics has the mandate of releasing the official rates of unemployment every month. However, the decline in unemployment rates is overshadowed by the capacity to create jobs, and the persistent loss of full-time jobs. The action by the Fed to reduce the budget deficit has negatively affected the efforts to create employment. Apparently, one is tempted to ask whether the future would be bright for the American citizens. According to Cohen, the U.S. economy is in a better position than it was a few years ago, but the biggest challenge would be to maintain this level towards the future.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Works Cited

“Employment Situation Summary.” Bureau of Labor Statistics, Economic News Release, Dec. 2, 2016. 

Cohen, Patricia. “President Obama Is Handing a Strong Economy to His Successor.” The New York time, Dec. 2, 2016.

States.” Journal Of Economics & Economic Education Research, vol.16, no. 2, 2015, pp. 157-172. 

Sharing is: CARING

Are you looking for homework writing help? Click on Order Now button below to Submit your assignment details.

Homework Writing Help
We Can Help you with this Assignment right now!
Sample Creative Writing on Unemployment

Are you looking for homework writing help on (Sample Creative Writing on Unemployment)? Well, you can either use the sample paper provided to write your paper or you could contact us today for an original paper. If you are looking for an assignment to submit, then click on ORDER NOW button or contact us today. Our Professional Writers will be glad to write your paper from scratch.

We ensure that assignment instructions are followed, the paper is written from scratch. If you are not satisfied by our service, you can either request for refund or unlimited revisions for your order at absolutely no extra pay. Once the writer has completed your paper, the editors check your paper for any grammar/formatting/plagiarism mistakes, then the final paper is sent to your email.

Privacy| Confidentiality

Sample Creative Writing on Unemployment

We do not share your personal information with any company or person. We have also ensured that the ordering process is secure; you can check the security feature in the browser. For confidentiality purposes, all papers are sent to your personal email. If you have any questions, contact us any time via email, live chat or our phone number.

Our Clients Testimonials

  • I appreciate help on the assignment. It was hard for me but am good to go now

    Impact of pollution on Environment
  • Am happy now having completed the very difficult assignment

    Creative Message Strategies
  • Your writer did a fine job on the revisions. The paper is now ok

    Ethics: Theory and Practice
  • The paper was so involving but am happy it is done. Will reach you with more assignments

    Title: Privatization in or of America
  • I expected perfection in terms of grammar and I am happy. Lecturer is always on our head but was pleased with my paper. Once again, thanks a lot

    Title: Bundaberg Inquiry
  • The paper looks perfect now, thank to the writer

    Health Care Systems
  • You helped me complete several other tasks as you handled paper. wonna thank you

    Critique Paper on Political Change

Related Articles

Sample Research Paper on The Distribution of Power in a Chiefdom and Pre-Modern State and Likelihood of Corruption and the Necessary 'Dark Side' Of Power

Get more from us…

Would you like this sample paper to be sent to your email or would you like to receive weekly articles on how to write your assignments? You can simply send us your request on how to write your paper and we will email you a free guide within 24-36 hours. Kindly subscribe below!

Email Address: support@globalcompose.com