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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.
For example, in May 2016 the unemployment rate for workers over 25 years of age was 2.5% for college graduates, 5.1% for those with a high school diploma, and 7.1% for those without a high school diploma. Unemployment rates roughly doubled for all three groups during the 2008–2009 period, before steadily falling back to approximately their ...
High unemployment can encourage xenophobia and protectionism since workers fear that foreigners are stealing their jobs. [108] Efforts to preserve existing jobs of domestic and native workers include legal barriers against "outsiders" who want jobs, obstacles to immigration, and/or tariffs and similar trade barriers against foreign competitors.
According to recent reports, the unemployment rate fell from 10.2% to 10%. But is unemployment really falling? Although it seems like toting up the numbers should be fairly straightforward, it ...
In California, for instance, the state unemployment rate hit 5.3% in February, up 0.8% from a year ago and the highest in the nation. New Jersey's unemployment rate hit 4.8% in February, also up 0.8%.
Why cutting unemployment benefits led to money worries, not job gains. July 22, 2021 at 5:19 PM ...
Beveridge curve of vacancy rate and unemployment rate data from the United States Bureau of Labor Statistics. A Beveridge curve, or UV curve, is a graphical representation of the relationship between unemployment and the job vacancy rate, the number of unfilled jobs expressed as a proportion of the labour force.
Unemployment shot to 10.8%, which at the time marked its highest level since World War II. Why the US job market has defied rising interest rates and expectations of high unemployment Skip to main ...