Unemployment and the effects on the economy seven dollars

Reference no: EM13372590

Unemployment and the effects on the economy

Seven dollars and fourth five cents is the hourly wage set by the State as an appropriate minimum income for anyone trying to build a foundation for their life. What about the people who cannot work or find a job? Unemployment rates have grown over the past eight years and there seems to be no look for a solution in the near future. Economically this seems to have a hard impact on society today, Discuss the effects on the economy pertaining to the unemployment catastrophe and what effects does it have on the economy.

Outline

1) Introduction to Unemployment

a. How the Unemployment Rate Affects the U.S. Economy
b. How the Unemployment Rate Affects You
c. Recent Unemployment Trends

2) What Is Being Done to Control Unemployment

a. What has been done to attempt to control inflation
b. Has the United States borrowed funds in an attempt to allow business owners to hire more people?
c. How is the housing market effected by the unemployment rate and what is being done about it.

3) How does Unemployment effect the economy

a. Unemployment financial costs
b. The reduced spending power of the employed
c. Recession

4) The effect of unemployment on our society

a. The moral of the people, mental health.
b. Crime rates on the rise
c. Employment gaps and the loss of skills.

5) Conclusion

Reference no: EM13372590

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