Unemployment

Unemployment refers to the state of "being unemployed or not having a job".http://wordnetweb.princeton.edu/perl/webwn?s=unemployment Unemployment is measured by the unemployment rate which is the percentage of the total population of individuals who are actively employed or seeking work, and cannot find a job.

Long term unemployment can have significant negative effects on individuals experiencing it, as well as their family members and dependents. This can include home foreclosure, eviction from a rented dwelling and bankruptcy.

However, unemployment on a macro scale also creates problems for the US Government. It causes a decline in federal tax revenue, leading to an increase in the federal deficit.http://www.bloggingstocks.com/2009/05/04/what-are-the-effects-of-long-term-unemployment/ For information regarding the latest unemployment extension bill, see the Mahalo page on unemployment extension. For details about filing for unemployment, see the pages unemployment benefits and how to file for unemployment.

The unemployment data for July 2010 is scheduled to be released by the Bureau of Labor Statistics on Friday, August 6, 2010.http://www.bls.gov/news.release/empsit.nr0.htm

In June 2010, the unemployment rate declined to 9.5 percent, giving the Jobs Report a positive bottom line. But the number of non-farm employed workers continued to fall, shedding 125,000 more jobs. According to the Bureau of Labor Statistics (BLS), this decline was due in large part to the number of temporary workers who lost their jobs after the 2010 Census was completed.http://www.bls.gov/news.release/pdf/empsit.pdf

In March, the unemployment remained unchanged at 9.7%. Employment declined in financial and information sectors, but the loss was made up by 162,000 new jobs. Many of the new positions were in health care and temporary help services. The number of unemployed Americans was approximately 15 million.http://www.bls.gov/news.release/empsit.nr0.htm

In January 2010 the unemployment rate fell from 10.0% to 9.7%. The total number of unemployed people fell to 14.8 million from this 0.3% decrease. For all major work groups, the unemployment rates remained largely unchanged. The jobless rate for Gulf War era II veterans (classified as those from September 2001 on) is 2.2% higher than for nonveterans.http://www.bls.gov/news.release/empsit.nr0.htm

The unemployment rate in the United States in December 2009 remained unchanged from November at 10%. At the start of the recession, unemployment stood at just 5%. Rates for all major work groups including adult men, women, teenagers and major ethnic groups also remained largely unchanged.http://www.bls.gov/news.release/empsit.nr0.htm

The U.S. unemployment fell to 10% in November 2009, after having reached 10.2% in October. This number doesn't include those workers you have given up looking for jobs, or taken part time work because they were unable to find full time jobs. Some experts have calculated that if those individuals were added in , the actual unemployment rate would be 17.2%, which is lower than a corresponding calculation of 17.5% for October.http://www.washingtonpost.com/wp-dyn/content/article/2009/12/04/AR2009120402024.html

Unemployment is one byproduct of a recession.http://www.time.com/time/business/article/0,8599,1889402,00.html When large numbers of companies face declining sales or profitability, they manage their balance sheets by cutting costs. Since the vast majority of businesses consider payroll a significant expense, layoffs are almost always considered as a method to preserve profitability.

If we did go into a recession, something that's always possible for the U.S. or Europe, we could lower interest rates and expand the money supply without worrying about the price of gold. - Jeffrey Sachshttp://www.pbs.org/wgbh/pages/frontline/shows/crash/interviews/sachs.html

And so Fannie Mae produces very strong results for investors in - when interest rates are high and when interest rates are low, in recession and during booms. - Franklin Raineshttp://www.brainyquote.com/quotes/keywords/recession.html

Recession is when a neighbor loses his job. Depression is when you lose yours. - Ronald Reaganhttp://www.barrypopik.com/index.php/new_york_city/entry/a_recession_is_when_your_neighbor_loses_his_job_a_depression_is_when_you_lo/