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APA
Subject:
Mathematics & Economics
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Coursework
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English (U.S.)
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Topic:

Unemployment. Mathematics and Economics Coursework

Coursework Instructions:

Did you hear the most recent announcement regarding the unemployment rate? Unemployment rate announcements are made the first Friday of the month. For this assignment, please read "The Employment Situation Summary"
https://www(dot)bls(dot)gov/news.release/empsit.nr0.htm
-What did you learn about the most recent unemployment numbers?
-What is your reaction to the most recent report? 
-Based on the numbers, do you feel the economy is strengthening, weakening or remaining stable?
Next, read the "Economic Situation Summary Table" to drill deeper into the data.
https://www(dot)bls(dot)gov/news.release/empsit.a.htm
-What is the current unemployment rate?
-Has it been trending upward or downward over the past six months?
As you scroll down in the report, the next section outlines unemployment rates by age groups. 
-Which age group is most affected by unemployment? 
-Why do you think that is occurring?
-What about race?  Which race groups are most affected by unemployment?
-What is the difference in unemployment rates for those individuals who have a bachelor's degree and higher versus those who have less than a high school diploma?
-Did anything in the unemployment data surprise you?
Submit your thoughts to the bulleted items.
Also, for further knowledge, the Databases, Tables & Calculators by Subject which illustrates the U.S. unemployment rate over the past ten years.
https://data(dot)bls(dot)gov/timeseries/LNS14000000

Coursework Sample Content Preview:

Unemployment
Name
Institutional Affiliation
Unemployment
The Employment Situation Summary
* The most evident result from the most recent unemployment figures is that the rate of unemployment is rising significantly. Every figure presented by the United States Bureau of Labor Statistics (2020) depicts a capitulating situation for the economy. For instance, the unemployment rate in March rose to 4.4%, a rise brought about by 700,000 new unemployed people. It is the largest over-the-month increase since that has been experienced in the United States since January 1975. The gravity of the situation is apparent in the leisure and hospitality industries where the level of employment fell by 459,000 (United States Bureau of Labor Statistics, 2020). This situation serves to highlight the predicament the American economy faces as it gears to fight the COVID-19 pandemic. Moreover, if this is the trajectory that things will take in due course, then some families will unable to afford their primal necessities in a few weeks.
* The most recent report is shocking taking into account the level of unemployment reached 7.1 million with 1.4 million of those coming in March alone (United States Bureau of Labor Statistics, 2020). The 1.4 million figure is equivalent to 20% of the entire group, which is alarming. Although shocking, it is very difficult to ascertain the most suitable course from the government although the figures give more basis for a universal income, even for the period we are in a lockdown only.
* Currently, the economy is crushing because there are is no production or manufacturing of commodities being conducted. Further, people are in lockdown meaning that most of them are unproductive. Further, the situation is apparent in the rising number of unemploy...
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