The Key Concepts in Economics Research Assignment

Unemployment in the US
[Student’s Name]
[Institution]
Unemployment in the US
Introduction
Unemployment is a circumstance that takes place when an individual who is actively looking for an occupation is not in a position to find one (Daniel, Yang, Soo, & Partha, 2015). Joblessness drops in the periods of economic prosperity and upsurges in slumps generating considerable force on the public assets as tax income decreases and social care net outlays heightens. For instance, engagement lengthened reliably in the 1990s; however, it has been varying because of recessions in 2001 and 2007-2009. Moreover, the mix of occupations has budged, with a bigger portion of part-time workforces than pre-disasters. Government expenditure, monetary policy, and American Federal Reserve, and interest rate modification, are significant implements for handling the joblessness proportion (Daniel et al., 2015). The current paper has described how unemployment economically affects the US.Background
Unemployment could be evaluated through various methods.  An individual is unemployed if he/she is jobless but searching an occupation. Persons who not unemployed and are usually not included in the labor force. For instance, by 2015 the proportion of joblessness in the US was 5%, which translates to almost 8 million persons (Rahman, Mustafa, & Caples, 2014). Comprehensively, the US government larger joblessness level was 9.9%, which translated to 16.4 million individuals; this comprised temporarily employed persons. Therefore, unemployment is a key issue in the US economy.
The Four Unemployment Points from the New York Times Newspaper
First, the newspaper outlines that unemployment majorly reflects a fall in the share of labor force-age adults (Cohen, 2017). Again, it argues that with many baby boomers retiring every year, economists approximate that the periodic addition of approximately 100,000 occupations ought to be sufficient to engage the incoming labor force (Cohen, 2017). Thirdly, the New York Times claims that, although the employment rate has decelerated in the current years, it is still beyond where it necessitates being to engage the working-age persons (Cohen, 2017). Finally, it claims that the current redundancy rate in the US has dropped to 4.3%; this is the smallest proportion in the last 16years. The US economy’s frail spots are unenthusiastic wage growth and a fall in the employees (Cohen, 2017).Effects of Unemployment on the US Economy
Besides diverse indicators, for instance, price increases, Gross Domestic Product (GDP), and interest rates, the US degree of unemployment is a high quota for defining the health of her economy (Rahman et al., 2014). The American Economists refer unemployment as a lagging sign of her economy. In a situation where an individual losses his/her occupation, there is one less individual who would be needed to pay federal and s...