The Resolution to the Rise of the Unemployment Rate in the United States

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The Resolution to Raising the
Unemployment Rate in the United States

Precious Johnson
CM 104-04
Professor Johnson
8/24/2010
The Resolution to Raising the Unemployment Rate in the United States There are a lot of things in life that are not guaranteed or secure, therefore people should live their life to the best of their ability. Everyone wants the feeling of job security, but the reality is there is none. The rising unemployment rate amongst the United States citizens has been a major problem for a few years now that is greatly affecting our economy. The problem of the rise in the unemployment rate in the U.S can be solved by big business’ creating more jobs in their companies, banks approving more business loans for small businesses, and the government giving out stimulus packages to the people to help boost the economy. This is a problem that must be solved if the United States wants to move forward in a better economy. The spike in unemployment has pushed some private sectors to create more positions within their company, but it still isn’t enough to improve this difficult time the U.S. is facing. Irwin and Montgomery (2010) reported “private employers added only 83,000 jobs in June, the government said Friday, too few to keep up with growth in the working-age population” (p. 1). The employment rate is not getting better, but it is dropping at a slow gradual rate. Americans have practically given up on joining the labor force altogether, which has made the unemployment rate fall to 9.7 from a 9.5 percent (Irwin & Montgomery, p. 1). The government has set out plans to help the economy, but there hasn’t been much improvement. In fact it seems that it is weakening versus getting stronger. According to Irwin and Montgomery (2010), “the net gain of 100,000 jobs is in the same ballpark as the number of new jobs needed…...

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