Week 5 Case Study-2.docx - High unemployment rate among...

This preview shows page 1 - 4 out of 9 pages.

High unemployment rate among workers with high school diploma or less Jesse Brewer [email protected] Econ 312 Professor Douglas Copeland 02/05/2019
Image of page 1

Subscribe to view the full document.

Unemployment has been a big concern in our country for a long time. Unemployment numbers have become very high over the years from people losing their jobs or people not being able to find work. This has become a big issue in many of the states when it comes to people who have not been able to find a job and they have to get support by collecting an unemployment check every two weeks. Many of the companies are moving overseas so it makes it hard to look for a job because most of the companies that went overseas finds it cheaper for production and labor. It is making it harder for us Americans to keep a job in something like manufacturing or other jobs. People who have a high school diploma or less have a harder time finding a job than someone with a higher degree. With how unemployment has raised over the years we are seeing higher numbers from people who do or do not have a high school diploma or less of an education. This has raised concern with the U.S. economy. Many Americans find it difficult to find a good paying job because most of the people dropped out of high school or graduated high school and did not want to go to college. They are suffering to find a good paying job. Most of the companies want you to have a college degree and so many years of experience before applying. With only having a high school diploma some will find jobs that are only minimum wage or some will not find one and you will end up unemployed. This is one the highest we have seen the unemployment rate for someone with a high school diploma or less. “For Americans without a high school diploma, the unemployment rate remains significantly higher than the national average, at
Image of page 2
14.5 percent” (Employment Policies, 2010). The unemployment rate has reached a high in January and still remains to rise higher. “It’s intuitive that workers of a low education level would be hardest hit during economic downturns, as well as have the highest incidence of joblessness in general. The unemployment rate for this group spiked above 15 percent during the nadir of the Great Recession, for example, while it was never worse than 10 percent for the overall economy and about 5 percent for college-educated workers during the same time. Eight years later, job prospects are better for every educational cohort. And it certainly isn’t meant to signal
Image of page 3

Subscribe to view the full document.

Image of page 4
  • Winter '19
  • Unemployment, high school diploma, high unemployment rate

{[ snackBarMessage ]}

Get FREE access by uploading your study materials

Upload your study materials now and get free access to over 25 million documents.

Upload now for FREE access Or pay now for instant access
Christopher Reinemann
"Before using Course Hero my grade was at 78%. By the end of the semester my grade was at 90%. I could not have done it without all the class material I found."
— Christopher R., University of Rhode Island '15, Course Hero Intern

Ask a question for free

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern