231
edits
Changes
Jump to navigation
Jump to search
Line 5:
Line 5: − + − − In some fields (such as technology) the unemployment rate for persons over 45 years old can be as high as 80%.
If true, which I highly, highly doubt, then cite to a credible source
After reaching a low of 4.1% in October, 2006, the U.S. unemployment rate has been trending upward, reaching 9.4% in May 2009. It will continue rising for several more months. Unemployment normally peaks a few months ''after'' the economy reached bottom and starts going up again.
After reaching a low of 4.1% in October, 2006, the U.S. unemployment rate has been trending upward, reaching 9.4% in May 2009. It will continue rising for several more months. Unemployment normally peaks a few months ''after'' the economy reached bottom and starts going up again.
Some people think that to get figures on unemployment the Government uses the number of persons filing claims for unemployment insurance (UI) benefits under State or Federal Government programs. But some people are still jobless when their benefits run out, and many more are not eligible at all or delay or never apply for benefits. So the Government conducts a monthly sample survey called the Current Population Survey (CPS) to measure the extent of unemployment in the country. The CPS has been conducted in the United States every month since 1940 when it began as a Work Projects Administration project. [http://www.bls.gov/cps/cps_htgm.htm]
Some people think that to get figures on unemployment the Government uses the number of persons filing claims for unemployment insurance (UI) benefits under State or Federal Government programs. But some people are still jobless when their benefits run out, and many more are not eligible at all or delay or never apply for benefits. So the Government conducts a monthly sample survey called the Current Population Survey (CPS) to measure the extent of unemployment in the country. The CPS has been conducted in the United States every month since 1940 when it began as a Work Projects Administration project. [http://www.bls.gov/cps/cps_htgm.htm]
Three types of unemployment can be distinguished by their causes. '''Frictional''' unemployment is the normal churning of the job market; people enter the labor force from school or home, and spend time looking for the best job. '''Seasonal''' unemployment refers to jobs that operate at certain seasons, especially in the construction and tourism industries. Teachers in the summertime are not counted as unemployed. The '''"normal unemployment rate'''" (frictional plus seasonal) is about 3% to 4%. '''[[Unemployment insurance]]''' is designed to help people face frictional and seasonal unemployment. It permits them to keep their skills rather than take a low-skilled job.
Three types of unemployment can be distinguished by their causes. '''Frictional''' unemployment is the normal churning of the job market; people enter the labor force from school or home, and spend time looking for the best job. '''Seasonal''' unemployment refers to jobs that operate at certain seasons, especially in the construction and tourism industries. Teachers in the summertime are not counted as unemployed. The '''"normal unemployment rate'''" (frictional plus seasonal) is about 3% to 4%. '''[[Unemployment insurance]]''' is designed to help people face frictional and seasonal unemployment. It permits them to keep their skills rather than take a low-skilled job.