why is widespread unemployment considered a public issue
The government's report that the economy added only 74,000 jobs in December, while the unemployment rate dipped to 6. 7%, has left many feeling dispirited and confused. Why does the unemployment rate drop when so few jobs are added? Ugh. Awful. Payrolls +74k November revised from +203k to +241k October unchanged at +200k Unemployment falls from 7. 0% to 6. 7%. Justin Wolfers (@JustinWolfers) In on his radio show from WNYC,
answered questions about how the government measures unemployment, factors in labor force participation, and whether Congress will extend unemployment insurance. Excerpts from the show appear below: How does the government measure someone who has dropped out of the job search? Are Retirees Counted the Same as People Who Want to Work but Can't Find Anything? Can You Tease Out Why People Aren't Looking for Work? Yes the array of opinions [among economists] go all the way from it's almost all about retirement, people hitting retirement age to people who say, no this is such a bad downturn people aren't looking. The consensus among professional economists now is about half of the decline in the number of people looking for work is due to demographic reasons, just hitting retirement age. The other half may be that they are discouraged and we hope that they'll come back when the economy comes back. If you're an economist who wants to think hard about an important problem: Figure out what the heck is driving labor force participation. Justin Wolfers (@JustinWolfers) What is Driving Declining Labor Force Participation? This participation projection from a 2006 paper is amazing: Forecasts 2013 LFP at 63. 3% 2013 average was 63. 3% Justin Wolfers (@JustinWolfers) Is Labor Force Participation Really the Lowest Since 1977? Are 1099 employees (independent contractors) counted in unemployment numbers? What if you are not working in your desired field?
Are You Counted As Unemployed? Is Obamacare intended, primarily, to help the long-term unemployed? Are the lower unemployment numbers manipulated by politicians to claim things are getting better? It would be unprecedented to end benefits for the long-term jobless when long-term unemployment remains so widespread Justin Wolfers (@JustinWolfers) Is Cutting off Unemployment Insurance (UI) Unprecedented? Will there be new pressure on Congress to extend UI benefits extension? Listen to the full program here. Unemployment is definitely a social problem. When large numbers of people are unemployed, it has widespread economic and social effects. Hunger and homelessness are considered social problems. If you can't feed your family, or pay your rent, you need help. Social service agencies are set up to provide help and relief (albeit limited) for people in these situations; unemployment is therefore a social problem. Unfortunately, unemployment is a social problem. Due to the fact that literally millions of people are currently on unemployment it truly has become a social problem. Why? The reason is because our government keeps extending benefits for the unemployed and many continue to take them without really looking for a job. I realize the job market is a very tough place right now but we as a nation need to encourage all of these folks to try harder to find a job. More often than not that will mean taking on lower end job but it gets you out working and that is the key. Why does it need to be solved? (what could happen if it isnвt solved? ) Well, unemployment and low wages can be the root to many more social issues such as poverty, hunger, and homelessness. This is because when people canвt make enough money, they canвt afford to do much at all. This also could make people stop having kids because they canвt afford to care for them.
Unemployment is what causes families to break apart. The reason is when their are two parents in a relationship and they have a kid, one parent might feel like the other isn't doing their job to the best of their ability and feel like they want t leave them. They don't know thy other parent's side though. Unemployement should not be a social issue but over the last few years it has become a social issue. This is not good for the US economy. People are now looking for too much help from the government and staying unemployed. There is a need for change to remove it from being a social issue. Since Society is a Social Issue, and Unemployment is the largest determining factor in a Society's collective quality of life which affects everyone, it is absolutely a social problem. I support private sector employment which is tolerant and realistic as relates to employees. The problem with government and corporate employers is the regulations, the rules, and bureaucracy involved. People are individuals and the beauty of harnessing individual talent to create success is not commonly used by large employers. The problem is people cannot have a private employer unless people have a way to start new businesses which is something that has been far more difficult in the current socialist Administration to potential owners who can offer goods or service. In a society where people who cannot work will undoubtedly become dependent on others or homeless and in squalor without access to water or toilets or food preparation needs among other things, it is a social issue when people are sleeping in your complex parking lot of on your curb and storing their necessities on a local park bench means your kids cannot play there, and people don't just disappear in a humane land.
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