Essays on Structural Unemployment

Introduction

Brazil is one of the fascinating developing economies, which economic and social progress over the period of 2003-2014 lifted over 29 million people from extreme poverty. Based on the World Bank (2015) statistics, the inequality rate in the country fell by 11% with the income level of the poorest 40% of the population rose by as much as 7.1% over the same period. At the same time, global financial crisis and political instability in the country over the past few years have had its negative impact on the economy as a whole, reflecting stagnation in inequality reduction and deterioration ...

Introduction

According to the Bureau of Labor Statistics, there are more than 322 million people residing in the United States and nearly 4.70 percent of those who are capable of working are unemployed as of May 2016 (2016). This unemployment rate may not be alarming since 4.70 percent is a small number, but when converted, this small percentage accounts for more than 10 million unemployed individuals. Unemployment is among the alarming issues in the society and that should not be ignored. For instance, its relevance in the society makes a country's economy suffer. Unemployment causes the national output to be ...

Introduction

According to the Bureau of Labor Statistics, there are more than 322 million people residing in the United States and nearly 4.70 percent of those who are capable of working are unemployed as of May 2016 (2016). This unemployment rate may not be alarming since 4.70 percent is such a small number, but when converted, this small percentage accounts for more than 10 million unemployed individuals. Unemployment is among the alarming issues in the society and that should not be ignored. For instance, its relevance in the society makes a country's economy suffer. Unemployment causes the national output to ...

Introduction

Unemployment is a state the people in most societies generally avoid. This is because unemployment can have negative impacts on both the economy of a county and the quality of life of its citizens. Unemployment impairs one’s ability to provide for oneself and any dependents and contribute to a country’s development. Unemployed individuals can become more of a liability rather than an asset to a country and the people that live in it. Moreover, there may be many available jobs, but unemployment continues to persist. This could be the result a number of reasons and one of ...

The cause of unemployment is individuals being laid off or fired or they themselves quitting and seeking for an employment. In cases when the individuals are not in search of any job, they are not taken into the category of unemployed by the Bureau of Labor Statistics (U.S. Economy Added 215,000 Jobs In March; Unemployment Rate Rose To 5 Percent). After many years of underpaid jobs, there is an assumption that Americans are finally demanding a raise. When we observe the last month, there was a significant pick up in the level of wages after having observed many ...

INTRODUCTION

The society is aware that unemployment negatively affects the economy and the quality of life of many people in general. Many efforts had been put into reducing unemployment along with the high cost that comes with these efforts. Due to the apparent effect of unemployment, many people often propose on how unemployment may be lowered without thinking much about the many factors that come into play with regards to unemployment. A good proposal should not only focus on the solutions, but on the underlying principles as well. Likewise, this paper will focus on concepts that are relevant to unemployment, ...

Introduction

Monetary policy and fiscal policies are important aspects of the analysis of the U.S economy, as they have a significant impact on the growth of the economy. Moreover, the two types of policy issues are always in active use in the country although the media offers much attention on various economic indicators. Nonetheless, both monetary and fiscal policies have a significant role in the development of an economy and must work together as they cannot exclusively work on their own. Fiscal policy works using tax and spending changes to impact on an economy in diverse ways. However, for any ...