Economics



Perjhing Mardani
IHSS
January 28, 2019
Mr. Roddy


In 2019 we are faced with many different economic divides making it a very complex day and age that we are all living in. One topic that I see as very important is the United States unemployment rate which is at one of the lowest rates it has been in 49 years. As we see, there has to be something occuring causing this rate to drop. The actual percentage rate of unemployed people since September of 2018 is 3.7 percent. When we look at the changes our economy and the United States has made in the past years we can see how this number came to be. It is never good for a person to have lost their job. This can cause homelessness, debt, and other financial problems for the individual. Most people have children, and not having a job is not an option. Unemployment is not only harmful to the individual but to our country as well. It causes payments from the federal government and state towards unemployment benefits. In February of 2017 $2.96 billion worth of benefits were paid out towards medicaid and food assistance. The article is important to the field of study because of the impact unemployment makes on our society. Everyday we see homelessness occurring. This is a very big problem. With the proof of numbers of the unemployment rate dropping, we see that a change needs to happen in our economy. Opening more jobs to people, and giving them an opportunity to develop their lives. There are already many societies that push this change to happen. I think that there needs to be more societies. We need to help get more people off of the streets. Of course this change will not happen unless the individual wants to. Although, for those who want to turn their lives around, I believe that everyone needs an opportunity to change.




Article Source -
Stephen D. Simpson, CFA. “The Cost of Unemployment to the Economy.” Investopedia, Investopedia, 5 May 2017, www.investopedia.com/financial-edge/0811/the-cost-of-unemployment-to-the-economy.aspx.

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