Economics Research Paper Example | Topics and Well Written Essays - 1250 words - 1

Economics - Research Paper Example In addition, the research will seek to identify the various benefits and disadvantages that are brought about by unemployment in USA. Unemployment in this case is described as a state of a person who is able and willing to work at the available rates and is actively seeking a job but is unable to acquire an income-generating job. Unemployment is always accompanied by unemployment rate. Unemployment rate is described by economists as the total number of unemployed persons in the country divided by the total number of the labor force (Rappaport 5). Unemployment can be defined depending with the different circumstances that underlie the situation. The United States is one of the countries that face a high unemployment rate in the world as compared to other European countries such as Germany, United Kingdom, and France. This research paper seeks to ascertain the level of unemployment in USA. Moreover, the researches will establish the disadvantages of unemployment in USA as well as identify the causative agents of unemployment in the country (Rappaport 5). Unemployment is a situation that occurs when people are willing and able to work and cannot find a job. This research is confined to unemployment in the USA. The research will focus on factors that cause unemployment in USA and the increasing trend towards unemployment in the country (Hornstein and Thomas 8). Moreover, it will focus on the challenges facing unemployment in USA as well as suggesting possible solutions for the factors identified. Unemployment situation occurs when a person who is actively seeking for a job is unable to obtain a job. Unemployment is often used as a measure of the health of the country, commonly known as unemployment rate. Unemployment rate is the total number of unemployed persons in the country divided by the total number of the labor force. When an economy is undergoing recession, the rate of unemployment is usually very high. Recent statistics shows that