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There are many domestic factors affecting the U.S. labor force and employment levels. These include: economic growth; cyclical and structural factors; demographics; education and training; innovation; labor unions; and industry consolidation [2] In addition to macroeconomic and individual firm-related factors, there are individual-related factors that influence the risk of unemployment.
Unemployment in the US by state (and 2 cities) for FY 2021 Unemployment by County (November 2021) Unemployment in the United States discusses the causes and measures of U.S. unemployment and strategies for reducing it. Job creation and unemployment are affected by factors such as economic conditions, global competition, education, automation ...
Some have argued that the recent lack of job creation in the United States is due to increased industrial consolidation and growth of monopoly or oligopoly power. [6] The argument is twofold: firstly, small businesses create most American jobs, and secondly, small businesses have more difficulty starting and growing in the face of entrenched existing businesses (compare infant industry ...
By March 2009, unemployment had increased to more than 2,000,000 - the highest level the nation had seen for more than 12 years. [34] It reached 2,261,000 by June that year, [ 35 ] and by April 2010 had exceeded 2,500,000 for the first time in 16 years.
In 2003, prior to the significant expansion of subprime lending of 2004-2006, the unemployment rate was close to 6%. [52] The wider measure of unemployment ("U-6") which includes those employed part-time for economic reasons or marginally attached to the labor force rose from 8.4% pre-crisis to a peak of 17.1% in October 2009.
High unemployment can also cause social problems such as crime. If people have less disposable income than before, it is very likely that crime levels within the economy will increase. A 2015 study published in The Lancet, estimates that unemployment causes 45,000 suicides a year globally. [109]
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The unemployment benefits are run by each state with different state-defined criteria for duration, percent of income paid, etc. Nearly all systems require the recipient to document their search for employment in order to continue receiving benefits. Extensions of time for receiving benefits are sometimes offered for extensive work unemployment.