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Essay / Research Paper Abstract
This 3-page paper discusses calculation of unemployment in the United States. Bibliography list 2 sources.
Page Count:
3 pages (~225 words per page)
File: AS43_MTunemtrue.doc
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Unformatted sample text from the term paper:
the Obama White House are pointing out that this is proof positive that some life is coming back into the economy: Especially given the employment rate of 9.8% in November,
2010 (BLS, 2011). This is especially good news, the Administration might say, because in , the unemployment rate topped 10% (BLS, 2011). Not, it seems as though its on
a downward trend. Or is it? The Bureau of Labor Statistics calculates the unemployment rate
by dividing the total number of those in the labor force by the number of those who are unemployed (Unemployment Rate, 2010). To do this, the BLS relies on a
reference week - in other words, the week of the month that includes the 12th (Unemployment Rate, 2010). During that week, the BLS examines people not employed during that week
who actively looked for a job during the past four weeks; as well as people who were laid off, but waiting to be recalled back to work (Unemployment Rate, 2010).
Anyone even partially versed in economics understands that there is more to unemployment that those who are off work and actively looking for
another job. There are those who are out of work, who have given up looking for a job. There are those who are out of work, who havent applied for
unemployment benefits. There are those who are marginally or part-time employed, who cant find full-time work. The real unemployment rate, in fact, is always higher than the typical "official" unemployment
rate (Unemployment Rate, 2010). For example, in May 2009, the "official" unemployment rate was 9.4% (Unemployment Rate, 2010). But the real unemployment rate - including the underemployed, those who stopped
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