Define unemployment and joblessness

We will define unemployment and joblessness in the international labor organization, expound on the mathematical calculations in determining the unemployment rate, and allude to the more than 200 million people globally out of work.  We will focus on the unemployed for One Year or more, by Age, unemployed for One Year or more, by Education, and elaborate on the cause and effect of high unemployment rates in America. Expand on the Keynesian economist’s argument that mass unemployment will take decades to eliminate if left to market forces and the rebuttal by some that the retirement of the baby boomers will relieve the pressure off the market within the next few years.  Finally we will give an account of our analysis and study by bar, and line grafts.

The Unemployment (2010) website Unemployment (or joblessness), as defined by the International Labor Organization, occurs when people are without jobs and they have actively sought work within the past four weeks. The unemployment rate is a measure of the prevalence of unemployment and it is calculated as a percentage by dividing the number of unemployed individuals by all individuals currently in the labor force. In a 2011 news story, BusinessWeek reported, "More than 2000 million people globally are out of work, a record high, as almost two-thirds of advanced economies and half of developing countries are experiencing a slowdown in employment growth, the group said. (Unemployment, 2010) 

In April 2010, the Pew Fiscal Analysis Initiative released A Year or More: The High Cost of Long-Term Unemployment, which found that in December 2009, 23 percent of the 14.7 million unemployed Americans—3.4 million people, roughly the population of Connecticut—had been out of work for a year or longer. The 23 percent rate was the highest since World War II. Pew’s analysis of the latest data from the U.S. Department of Labor’s Bureau of Labor Statistics shows that the problem has grown worse in the months since: In August 2010, 30 percent of the 14.8 million Americans who were unemployed had been jobless for a year or more. That translates into more than 4.4 million people, roughly equivalent to the population of Louisiana

According to "Economic Police Group" (2010), The number of people unemployed for a year or longer increased by nearly 30 percent between December 2009 and August 2010. Long-term unemployment is occurring among people of all ages, but the new data show that unemployed workers who are 35 or older are most likely to remain out of work for a year or longer: More than a third of them have been out of work at least a year.

Unemployed workers between the ages of 35 and 44 saw the largest jump in their one-year unemployment rate between December 2009 and August 2010. The latest survey shows that 37 percent of unemployed workers between the ages of 35 and 44 have been jobless for a year or more, compared to 22 percent last December.

Once a person is out of work, a high level of education provides only limited protection against a long period of unemployment. Thirty-four percent of unemployed workers with a  bachelor’s degree have been without work for a year or longer, compared to 36 percent of unemployed high school  graduates, and 34 percent of unemployed high school dropouts   ("Economic Police Group", 2010).

In conclusion, we define unemployment and joblessness in the international labor organization, expand on the mathematical calculations in determining the unemployment rate, and allude to the more than 200 million people globally out of work, elaborated on the unemployed for One Year or more, by Age, unemployed for One Year or more, by Education, and elaborate on the cause and effect of high unemployment rates in America. . Expanded on the Keynesian economist’s argument, that mass unemployment will take decades to eliminate if left to market forces and the rebuttal by some that the retirement of the baby boomers will relieve the pressure off the market within the next few year. Finally we gave an account of our analysis and study by bar, and line grafts.

(Complete the essay) will have more time tomorrow, just called out for a SAR. (Search and rescue)

Always Ready, see you when I return team, end of line

Reference

Unemployment. (2010). Retrieved from http://en.wikipedia.org/wiki/Unemployment

http://www.pewtrusts.org/uploadedFiles/wwwpewtrustsorg/Reports/Economic_Mobility/LTU%20Addendum%20Final%2010_07_10.pdf