Unemployment in the US Essay - 3827 Words

Unemployment in the US Why I Chose These Indicators I chose these indicators because all are something that ordinary people deal with every day. All of us have control over our own spending and how far into debt we go. If we are not making the salary we want then we are free to look for a new job or an additional job. There is also the possibility of going back to school to raise your educational level in order to get a better job. This may, of course, put us deeper into debt. We are in debt as a country, and as individuals, but with the economy as strong as it is people have no qualms about going deeper into debt. There are increases in delinquency rates on consumer loans, record numbers of bankruptcy filings, and an†¦show more content†¦In addition, good credit can enhance young people=s chances of getting good jobs. Borrowers who pay on time and in full may be able to convince potential employers that they are responsible and can manage their own finances (Shafer 1997). However, missed payments on bank credit card debt reached a new high of 2.13% of outstanding credit card debt in the 4th quarter of 1997. The American Bankers Association reported a decline in the percentage of accounts more than 30 days overdue during the quarter, although there was a rise in the percentage of loaned dollars delinquent. Consumer debt represents about 20.6% of disposable income (Kingson-Bloom 1998). The debt-service ratio can be used as an accurate predictor of future consumer spending growth or a source for explaining aggregate consumer spending. Furthermore, the ratio of debt service to income, if analyzed together with other economic indicators, will reveal future income growth. This ratio analysis is beneficial to financial service institutions as through this, they can determine debt payment capacities of clients (Murphy 1998). On the whole the Generation Xers have a gloom and doom attitude towards money, and maybe with good reason. Social security will probably be out of money by the time they reach retirement age and most feel that they will never be out of debt, soShow MoreRelatedUnemployment On The Us Economy Essay963 Words   |  4 PagesName: Instructor: Subject: Date: Unemployment in US economy The unemployment turnover view has a strong base on the contemporary thinking about unemployment in the entire United States. Joblessness or unemployment takes place when an individual searches for another new job and devotes most of time searching for another job. Moreover, unemployment comes into being if an individual goes in search of a new employment after being out of labor force for a long time. The individuals in search of employmentRead MoreRising Us Unemployment and the Canadian Dollar1609 Words   |  7 PagesIs there a relationship between rising US unemployment and the rise of the Canadian dollar? Canada’s financial stability depends on the health of America’s economy, as international trade accounts for 45% of Canada’s Gross Domestic Product (GDP) and 79% of exports are to the United States. Canadian and American unemployment rates are positively correlated for that reason, as exemplified in early 2009. Canada’s unemployment rate quickly steepened as the United States’ rate gradually increased toRead MoreThe Factors Affecting Unemployment : A Study Of Us Economy Essay1679 Words   |  7 PagesEffecting Unemployment: A Study of US Economy in 1985-2014 Introduction In the past few years, the US unemployment rate dynamically fluctuated: more than five millions jobs were cut in November 2008 due to economic crisis, but recently, the unemployment rate dropped by 0.3 point after eight years. Figure 1 revealed how the US unemployment rate fluctuated over the last three decades. 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Canada’s financial stability depends on the health of America’s economy, as international trade accounts for 45% of Canada’s Gross Domestic Product (GDP) and 79% of exports are to the United States. Canadian and American unemployment rates are positively correlated for that reason, as exemplified in early 2009. Canada’s unemployment rate quickly steepened as the United States’ rate gradually increased toRead MoreThe Effects Of Unemployment On The United States942 Words   |  4 PagesStates in the aspect of unemployment, but the US currently has a very low rate of 4.8% (List of Countries). The country that is currently doing the best is Qatar with a rate of 0.4%. This could be for many reasons such as population (List of Countries). One thing that I have found is that there is a direct correlation to standard of living and unemployment rate. Many of the poorer countries in the world have a much higher unemployment, such as Zimbabwe with an unemploy ment rate of 95%, which is extremelyRead MoreThe Decline in the Rate of Unemployment Is Due to Adverse Factors in the United States Economy1360 Words   |  6 PagesStreet Journal dated September 6th 2013, an article titled, ‘Unemployment Drops for the Wrong Reasons’ describes how unemployment has dropped in the United States based on the latest Bureau of Labor Statistics population survey. According to Izzo (2013), there was a drop in unemployment rate to 7.3% by 0.1% in August 2013. This was coupled with a drop of broader measure of unemployment by 0.3% to 13.7%. On closer scrutiny, the drop in unemployment came from wrong reasons (Izzo, 2013). The arguments inRead MoreThe Labor Market1090 Words   |  5 Pagesmarket in the US, EU, Japan and China Unemployment Rates As per August 2016 the unemployment rate was reported to be at 4.9% percent by the Bureau of Labor Statistics and this is the first time the unemployment rate fell below 5% since 2008. However, despite the fall in unemployment rates it is worth considering that only a few of the adults are working. Only 62.7% of the adult Americans are working and this has been so since the late 1970s.n On the other hand, the unemployment rate in the EU wasRead MorePredictive Sales Report1420 Words   |  6 Pagespaper is to use the unemployment rate data in the following excel files to estimate the total inventory that the company will keep at the store. The Excel files are: Local_Area_Unemployment_Statistics_for_Texas.xls BUS_308_Unemployement_Data_Final_Project2.xlsx The data in the Excel files contain the US unemployment rate starting from 1948 to 2013. By calculating the Mean of the yearly data from 1948 to 2013, the report has been able to determine yearly US unemployment rates between 1948Read MoreThe Problem of Structural Employment1274 Words   |  5 Pagesrecovery in the US in 2011 has been characterized as a jobless recovery and the primary factor contributing to this is the structural unemployment that is present in the country. The figures best speak for themselves both as to the existence of structural unemployment and the importance this is getting in the United States in socio-economic terms. The data published by the US Bureau of Labor Statistic in January 2012, reflecting the employment in November 2011, showed that the unemployment rate fell to