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Essay / Research Paper Abstract
This 4 page paper examines unemployment with a focus on the United States. The ramifications of unemployment on the national economy is explored. Bibliography lists 4 sources.
Page Count:
4 pages (~225 words per page)
File: RT13_SA438Un.rtf
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Unformatted sample text from the term paper:
to be equated with "the loss of production of goods and services as a result of unemployment" ("The economic," 1996). That is a rather narrow definition as social costs do
enter the picture (1996). Darity (2003) says that "a spell of unemployment or absence from the labor force during 1979--1980 was associated systematically with elevated levels of alienation, anxiety, and
depression" (p.226). Indeed, there are psycho-social variables associated with unemployment too but it is of course more of an economic concern. While F.D.R.s social programs are still in full
force, unemployment insurance becomes less and less useful as time goes on. First, it runs out after awhile and second, many people cannot afford to pay for private health insurance
anyway, which is a significant factor. The stipend may tide people over to some extent, but it is not a panacea. Also, one study reveals that "unemployment insurance take-up fell
after benefits became subject to income tax" (Relmer & Glied, 2003, p.67). Some people do not find it beneficial at all. The unemployment rate is a significant economic factor, and
while it has been up slightly since the start of the new century. When the topic of unemployment comes up, many people immediately thing of their friends or family
members who have lost jobs in recent years. They think of their plight and see these individuals cutting back or struggling with many issues. But the unemployment rate, or the
fact that many people are unemployed at the same time, affects the national economy. This is because when a lot of people are either unemployed or underemployed they do not
shop for cars or buy new homes or make many purchase. This causes a significant economic slowdown. The consumer confidence level plays a large part in determining spending and when
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