Joblessness has become a common social problem in the United States, with the youths being the most affected group. This has resulted in other related issues, such as increased poverty levels, social crimes, and so on. The rate is attributed to various reasons such as frictional unemployment whereby an employer decides to lay off employees or refuses to employ workers due to reasons not associated with the economy, racism, nepotism, and lack of relevant skills, among others.
Introduction
The unemployment rate in the U.S has been on a steady rise in the past decade. Reports from the United States Unemployment Rate data, calendar of releases, and historical charts updated lately on February 2020 show that in January 2020, the American unemployment rates increased to 3.6% above market prospects compared to the preceding months’ 3.5%. Unemployment levels rose to 139,000 employees, while employment levels dropped to 89,000 employees. The purpose of this research is to understand the major causes of unemployment in the U.S and recommend the most appropriate measures to end the issue.
Delegate your assignment to our experts and they will do the rest.
Statement of the Problem
What are the causes and possible solutions for unemployment in America?
Purpose of the study
The purpose of this study is to expose the causes behind the steady escalating unemployment rates in the U.S and propose the most appropriate measures that can be employed to end trend.
Significance of the Study
The study is essential to this nation, which boasts as one of the few economically stable democracies in the world. The overall GDP of a country depends on employment rates, which means that the rise in unemployment rates have an adverse effect on the economy.
Literature review
The topic of the escalating unemployed numbers has been a concern in the past decade. Various studies have been conducted to dig deep into the causes and possible solutions to the vice in an effort to salvage the nation’s legacy in the future. The crime rates are primarily associated with unemployment had risen to worrying levels, which, if unmanaged, will be disastrous in the near future. This study will, however, be done uniquely, collecting independent data from randomly selected states while putting into consideration findings and recommendations from previous studies.
Methodology
Both qualitative and quantities of data collection methods will be applied in the study. In the data collection, which will involve an interview, filling questionnaire, and observation, the data collected will be carefully analyzed with reference to previous studies to come up with uniquely developed research resulting in the most relevant findings and recommendations.
Conclusion
The unemployment rate in the U.S is currently on a worrying level, which requires an immediate address. This proposal will help in digging deep into the cause of the issue and provide the most appropriate recommendations based on the findings.
References
Caceres, L. R. (2014). Economic integration and unemployment in Central America. The Journal of Developing Areas, 43-60. https://www.jstor.org/stable/23612170?seq=1
