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Unemployment In The United States

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UNEMPLOYMENT RATES IN THE UNITED STATES Unemployment in the United States Name Tutor Institution Date 1 UNEMPLOYMENT RATES IN THE UNITED STATES 2 Part One: Why Unemployment in the United States Is an Important Social Problem Indeed unemployment is a huge social problem in the United States that compromise ability of young people to achieve their dreams. Despite the fact of the federal government stepping up efforts to enhance the process of creating employment opportunities, lack of jobs is still a major obstacle in the United States. Unemployment rates in the United States keeps on fuelled by political, social, environmental and economic factors. For example, in 2000, unemployment rate was the lowest as number of employed people reduced by over two hundred thousand individuals. Currently, there is 3.5% unemployment rate among adults, 5.9% among the blacks and 2.1 percent among people of Asian origin. This is clear indicator that indeed unemployment rates affect not only a section of American citizens but all people living in the United States. There has been a trend that unemployment rates do fall during periods of economic property and increase when inflation, recession and political turmoil hit the United States. Indeed there are higher chances of economic tradeoff between inflation and unemployment. As a social problem, unemployment rates have compelled major political parties in the United States to come up with different economic, financial and fiscal policies wit ...
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