Deanna Ceccoli (Edison) Unemployment in the US

19. March 2010 by student.

In January of this year, it was stated by the government that unemployment rates rose in 43 states last month. The government said earlier this month, employers shed a net total of 85,00 jobs in December after notching a small gain of 4,000 jobs in November. Analysts said the report showed the economy is recovering at too weak a pace to generate consistent job creation. “A lot of states that had started to add jobs (in November) gave up those gains in December,” said Sophia Koropeckyj, managing director at Moody’s Economy.com. Nationally, more than 600,000 people left the labor force in December, according to government data. The large exodus from the labor force indicates that “unemployment is a lot worse than the numbers suggest,” Koropeckyj said. The economy is the main reason for employment rates to remain low. People are afraid of spending their money because they don’t know what tomorrow holds. They could loose their job, their car, and their home… There’s so much people are afraid of with this economy. What people don’t realize is that they are hurting themselves. When people aren’t out buying as much as they used to (not necessarily over spending) its hurting the businesses financially. And because the businesses are not bringing in there regular income they then have to make cuts in their product intake and their employees or unfortunately go out of business. When those businesses don’t order as much from the manufacturing company, it then hurts the company financially and they end up having to lay off their employees as well. As you can see it’s a huge chain reaction that is just going to continue to get worse for a long time until people can start trusting in the economy again. Unemployment is affecting the lives of everyone, not just the former employee. It’s affecting the lives of their spouse, their children, family and so on. Depression is rising in families because of unemployment. According to therapy.com, unemployment is the most likely thing to push someone into a bad depression. This isn’t surprising, since work is often a significant source of an individual’s sense of worth and self-esteem. When you lose your job you risk going from a position of feeling in control to facing an uncertain future and suffering from an eroded sense of self-confidence–especially if it takes a long time to find another job. Unemployment is also a great cause of divorce. It has been said they money is the number one reason for divorce in the United States. Jeffrey Cottrill said, “Marriage is a journey full of ups and downs. To survive and be strong, a marital relationship must work through rough patches that test its stamina — such as financial difficulties. Unfortunately, many marriages don’t overcome the stress that comes with significant strains in the family finances.” So we can only hope for a better future and that it come quickly. 

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