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2000-2500 words research on a current economic problem that needs to be solved in the US economy. You are required to explain:
Unemployment In The United States
Length: 8 pages (2200 Words)
Unemployment in the United States
The United States was majorly affected by the global recession that occurred more than half a decade ago. In fact, the aftershocks of the economic crisis led to higher levels of unemployment, which the country is yet to fully recover from. However, it is a major policy of the Obama administration to ensure that the unemployment trend is significantly reversed through the current job creation program. Unemployment rates of a particular country provide crucial information that can comfortably be used to measure the health status of the economy at any given time. Generally, to be unemployed refers to a situation when an adult skilled in a particular specialized area of a profession is unable to find a job despite a constant and active search for the same. To measure the unemployment rate, there is a division of the number of people without jobs by the total number of those individuals that are currently employed at any given region (Janoski et. al 42).
Factors Affecting the Employment Rates in the United States
There are several factors that have led to the high levels of unemployment in the United States. These factors are discussed below: