Unemployment Data Case Study

S. Bureau of Labor Statistics, 2018). In comparison with the previous month, it remained the same at 4. For adult women the unemployment rate was 3. 7% whereas for teenagers it was 13. One of these is that some people may be detached from employment voluntarily. Even in such a scenario, such people claim to be actively looking for employment in surveys since they fear losing their unemployment benefits (Ghose, Majid, & Ernst, 2008). There is another problem that emanates from discouraged workers. This group comprises of individuals who have sought for positions for some time but were unable to obtain employment hence becoming discouraged in the process (Ghose, Majid, & Ernst, 2008). They withdraw from the labor market on the belief that existing conditions would not accommodate them. Adjustment from the working life to joblessness proves difficult since the consumption and saving patterns are curtailed.

Such individuals can experience family disruption and reduced levels of attainment for their children; especially when such individuals are sole breadwinners. In such cases, standards of living decline for individuals and their families. When such losses are widespread, crimes become common. The main losers in the case of unemployment are individuals. 4% to 0. The goods and services that had the greatest price increase for December were cars and trucks at 1. 4% and lodging from home services at 0. In contrast, the goods and services that had the greatest price decrease for December were the tobacco index that recorded 0. 6% decline and airline fares and apparel indices that both fell 0. 8% whereas it was highest for those aged 20 and over at 9. 8% in the same year. In 2010, females aged 16 to 19 witnessed the highest unemployment rate at 22.

8% with the same year recording the highest unemployment rate for those aged 20 and above at 8. Overall, the year with the lowest unemployment rate was 2000 where 5,692,000 were unemployed. 4 weeks with the lowest being recorded in 2000 and 12. 6 weeks. The relationship is that there is a positive correlation between the unemployment figures and the unemployment duration in weeks. From the data, there are high unemployment levels for teens in each of the years under review – both males and females. If the proportion of teens increases, then levels of unemployment within this demographic group will rise hence increasing the natural rate of unemployment. Who Loses from Unemployment. Journal of Economic Issues, 491-496. Ghose, A. K. , Majid, N. (2018, January 5). Employment Situation Summary. Retrieved from Economic News Release: https://www.