Wednesday, September 25, 2019
Unemployment in the United States Essay Example | Topics and Well Written Essays - 500 words - 1
Unemployment in the United States - Essay Example The rapid rise in population that outstrips the available resources has been blamed for the unemployment issue in the United States. The government is trying to curb the unemployment through expansion of the economy and creation of more jobs. The problem of unemployment seems to intensify mainly due to the rise in population particularly in urban areas. The expansion of businesses and the direct investment by the government in the entrepreneurship programs tends to do little to eradicate the issue of unemployment. Unemployment tends to magnify during the times of recession or depression characterized by a shrink in the economy. Unemployment remains a tough issue affecting the United States, particularly among the young people. There is a large number of learned people in the United States but they hardly secure a job due to the scarcity of employment opportunities. According to the BLS household survey (2015), Ãâthe US unemployment rate rose by 0.2 percentage points in June 2015 to 5.3%. Unemployment has remained relatively high since 2009 and this is causing a huge setback to economic growth in the country. Companies have been adopting technology thus doing away with the relatively costly human labor. The rise of technology like completers has replaced human labor thus laying off the workers (Harvey 15). The issue of unemployment will continue to inflict the United StatesÃâ economy due to the uncontrolled adoption of technology.