Topic > Unemployment Essay - 558

Do Unemployment Rates Affect Our EconomyIn "April 2010 an estimated 15.3 million people were unemployed" (bls). Suppose a single-provider family loses its job. The family now depends on the government. Millions of families find themselves in this situation. Those millions of people remain without a source of income and must try to find work in an economy where jobs are becoming scarce, unemployment rates range from “16.6 million in California alone” (bls). Statistics show that unemployment rates are based on the activity and performance of the economy. Unemployment not only affects the community, people or families, but also affects the economy as a whole, because it has a kind of ripple effect: the community and people are affected, the government is affected and, in Ultimately, the entire economy is affected by unemployment. Unemployment can ultimately affect families and individuals directly: “1 in 9 American children has at least one unemployed parent” (Brookings) as a result of the economy. Many families have at least one or both parents unemployed...