Essay

The United States Bureau stated that the want rate in the United States has reached its proudest level in 2008. Based on the report, the component part of people backing in poverty has increased from 12.5% in 2007 to 13.2% in 2008. (Lucia Mutikani 2009) This represents an increase from 37.3 million to 39.8 million Americans who are living in poverty. It is also estimated that, based on the current indicators, in that respect is a total of 54 million Americans who are at the risk of falling into poverty. There is no need to observe that this is the worst depression the entire country has experienced since the owing(p) Depression. The Unemployment rate is inextricably connected to a countrys economic growth and poverty level. When there is a embarrassed unemployment rate, there is likelihood that the low-skilled and lower-wage workers will become employed. They will ineluctably contribute to the poverty level. In contrast, when there is a high unemployment rate everybody will be affected but the some severe impact will be felt by the low-skilled and lower-wage employees. According to the Bureau of Labor Statistics, the United States unemployment rate reached its heyday at 10.2% in October 2009. It started to increase in March 2007, which at that time was one of the countrys lowest unemployment rates, at 4.4%.

It also should be stressed that the current unemployment rate is the highest since the groovy Depression. Due to the magnitude and scale of the problem of poverty, many economists maunder about the causes of poverty and its effects in order to show the severity and to find solutions to this problem. According to economists, one of the perceived causes of poverty is market failure, which is described as a lack of chance for the workers to be gainfully employed. To explain further, there are collar main categories of jobs in the United States. The first category is the symbolic-analytic services. These functions observe to those that manipulate and make use of information and data.... If you want to turn a full essay, order it on our website: Ordercustompaper.com

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