The Unemployment Situation Summary

The Employment Situation Summary is summarized for the month of June 2019. June 2019 unemployment rate was 3.7 percent. In June professional, business services, health care, transportation, and warehousing gained a lot of employees. The unemployment rate increased my 0.1 percent from May’s unemployment rate.

The unemployment rate for adult women was 3.3 percent, which was an increase of 0.1 percent from last month. For teenagers the rate was 12.7 percent, but that was the same percentage for the month of May. Whites also stayed the same percentage for the month of May and June, which was 3.

3 percent. African Americans were at a 6.0 percent unemployment rate and they decreased their unemployment rate by 0.2 percent from the previous month. Lastly, Hispanics and an unemployment rate of 4.3 percent. Their unemployment rate increased by 0.1 from May.

In measuring the unemployment rate, the Bureau of Labor Statistics focus on the numbers of those who are actively looking for work. The unemployment rate does recognize teenagers at the age of 16. The teenagers that are 16 and above do go to school.

Adults who are not working or seeking work as they do not participate in the labor force. When looking at unemployment, it is difficult to distinguish how structural and frictional unemployment affect the three groups of unemployed people. At other times, there may be cyclical unemployment that changes with the economic fluctuation. Overall, the notion that art-time workers are fully employed underestimates the level of unemployment.

Unemployment affects the economy since people are losing their jobs and their income. Unfortunealy companies will experience lower sales and then they will have to let some of their employees go.

There is a lower aggregate demand resulting from lower consumer expenditure and lower economic growth as other workers are affected.

A rise in unemployment worsens despair for the parents that cannot adequately meet their financial obligations. The unemployed are likely to have low self-esteem, and some might engage in illegal activities and violence as a way to put food on the table. The unemployed might enter into the shadow economy until they find a steady job.

Everyone loses from unemployment. The individual that is unemployed has an automatic impact on their standard of living because they need to scram to find a job and make sure they have enough money to pay bills and have food on the table. Unemployment also affects the society because if there is a significance unemployment rate than that can affect the trading between the country’s trading partners. Businesses pay the price for unemployment as well. Lastly, it affects the government because they will have higher payments for people that have unemployment benefits.

In this exercise I didn’t realized how much unemployment affect the country as a whole. I knew it would affect the individual and the more they unemployed the likely they will take part in the shadow economy. It was great to know that the unemployment rate is slowly going down.

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with Boom Grades
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Absolutely LOVE having help especially from the person who wrote this last one. THANK YOU
Customer 452529, November 19th, 2021
Thank you so much this looks great !!!!
Customer 452585, November 4th, 2023
Classic English Literature
Awesome Job... you are the best!
Customer 452531, November 27th, 2021
Exercise Science
Thank you so much for your time.
Customer 452545, December 5th, 2021
English 101
perfect! thanks!
Customer 452543, December 1st, 2021
english comp
Great paper and done before the deadline. Thank you
Customer 452509, June 15th, 2021
Religious studies
I recommend this service they always help. I got an A in this project thanks.
Customer 452507, October 5th, 2021
English comp
Got a 94% thank you!
Customer 452509, June 27th, 2021
Great content.
Customer 452549, February 8th, 2022
world civilization
Thank you for the quick response
Customer 452509, June 27th, 2021
Classic English Literature
Absolutely LOVE the essay I received. I really appreciate it so much.
Customer 452529, October 25th, 2021
english comp
Thank you for all your hard time.
Customer 452509, June 27th, 2021
Customer reviews in total
Current satisfaction rate
3 pages
Average paper length
Customers referred by a friend
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat