UNEMPLOYMENT IN THE U.S
Unemployment was on the rise during the late 1920's. On 24 October 1929, known as Black Thursday, panic selling began on Wall Street and prices fell catastrophically, an event known as the Wall Street Crash. Business confidence disappeared, banks failed and industry slumped. By 1932 industrial production in the USA had fallen by half and exports fell to one third of their 1929 level. Unemployment went through the roof. By 1932 about one quarter of the work force was unemployed.
Unemployment is something that has been going around america for a very long time now, many people who are unemployed in the U.S file for unemployment which allows you to collect money from the state for a maximum of 26 weeks. Money is a very stressful thing for single parent family's and family's that are unemployed causing 78% of Americans to be stressed about money.
One reason why Unemployment is raising is because of labor saving machines. which shows that american jobs are being replaced by machines.
6 types of employment.
- Fractional Unemployment
- Seasonal Unemployment
- Structural Unemployment
- Cyclical Unemployment
- Technological Unemployment
- Residual Unemployment
- unemployment has been on the rise since the cold war in the 1940's
- 12.3 million people are unemployed in the U.S since January 2013.
- 1,C.) Unemployment rate is 7.9 as of 2013.
- U.E was only 3.9 in 2003.
- U.E was raised to 9.6 % in 2010.
- You can have psychological effects from unemployment such as depression, anxiety, and poor self esteem.
- Ages 50-65 are doubled the chance of being unemployed because pf their age.