Sitting at the top are those that have been unemployed for 15 weeks averaging about 8.5 million unemployed. Below them are those that have been unemployed 27 weeks and over averaging about 6.3 million unemployed. Why are there more unemployed at 15 weeks than 27 weeks? This may be the fact that people are finding jobs before they hit the 27 week mark. However, we may see a change in this if the economy stays as it is because all the people in that 15 week unemployment range are on their way to the 27 week unemployment range if a job cannot be found.
In 2012, Ingham County was home to 281, 723 residents according to the United States Census Bureau. The historical data of Ingham County up to 2010 shows an upward trend of poverty from 14.63% in 2000, to 20.58% in 2010 (usa.com). In Ingham County 11.5% of people make 10, 000 dollars or less a year which is considered extreme poverty, while 10.7% of people make 30-40 thousand dollars a year (usa.com). This may not seem like a high number or people who live in poverty or are struggling depending on the number of people they are supporting, but compared to the 2.5 percent of people who earn 250, 000 dollars or more in Ingham County, the percentage difference is to be a big difference. My biggest focus on Ingham County is the child poverty
Part A: When we refer back to the 1970s, most people generally think of punk rock, lava lamps, and the hippie movement. However for the economy, it was a devastating economic decade of stagflation, a three day week and the return of unemployment. During this time period according to Dollar and Sense, “From the late 1940s to the early 1970s, the U.S. economy grew at an average annual rate of nearly 4%. The annual unemployment rate only exceeded 6% twice in the 25 years between 1949 and 1973. The annual inflation rate, too, only topped 6% twice, and was actually under 2% for 14 of the 25 years in this period.
Homelessness is a big issue in the United States. Los Angeles, California is one of the biggest cities in this country, and has the largest population of homeless people. According to the Institute for the Study of Homelessness and Poverty at the Weingart Center, an estimated 254,000 men, women and children experience homelessness in Los Angeles County during some part of the year and approximately 82,000 people are homeless on any given night. In Los Angeles, the average age for homeless people is 40- women are typically younger. 20% are physically disabled.
The median age for the population of Dyer County is 36.5 years of age. Looking back at the US Census report from the year 2000 the population was 38, 335 and has only increased by 765 residents over the last twelve years. This is not indicative of a growing community but of one that is maintaining the status quo. In researching the economic status of Dyer County, it is clear according to an article in the local newspaper, Dyersburg State Gazette dated November 1, 2011 that the unemployment rate for the county is 13.7 percent. This dire statistic earns Dyers County the title of the eight highest unemployment rate for counties in the state of Tennessee.
The worst rates have California, Rhode Island, Nevada and Puerto Rico. In these states are between 10 and 14 percent of the population unemployed. But in comparison with switzerland, its like double: in switzerland we have about 3% unemployed people now. In Comparison to the whole US, Kansas is under the average of 8.16 percent. The mentality of the locals is, as we say, typical american.
According to the Pew's Economic Policy group and the Pew Center, on the States shows that after release, former male inmates work nine fewer weeks annually and takes home 40 percent less in annual earnings, making $23,500 instead of $39,100. That amounts to an expected earnings loss of nearly $179,000 through age 48 for men who have been incarcerated (Lasky, 2010). If society helps former inmates to find job or to finish high school maybe they can get ahead and avoid going to jail again. Excessive pretrial
Mariana Alcaraz Mr. Farrely Sociology / Research Paper Poverty In America Poverty In America there are 46.2 million Americans are now leaving in poverty which that is a lot it grew by 2.6 million in just the last 12 months in 2011. The government census reported that is the most they have ever seen based in poverty in America. The U.S Census Breau have reported that the median household income has dropped 2.3 % in 2010 after accounting inflation. They have also determined that based on estimated crimes done in the United States where commited by low-income people. The poorer the people the more they are more likely to commite a crime or go to jail.
The unemployment rate consists of the labour force and number of people actively seeking work whom are unemployed within the labour force. The unemployment rate is calculated by :The number of employed x100 / Labour force. Between 1970 and 1983 there was a rise in this rate that peaked around 10%; this rise could have been attributed due to weak economic conditions that did not produce enough jobs for the supply of labour. From 1992 to 2007, Australia saw a gradual decline in the unemployment rate most likely due to prosperous economic conditions facilitating strong jobs growth. 2) Based on reading the chapter and our lecture discussions, you should be able to identify an “error” in Figure 11.2 (page 247).
At the same time, there are increasing concerns about the fact that concentration in the financial system has increased; big banks may feel less competitive pressure to lend – despite the fact that they are highly profitable. The “Too Big to Fail” bailout of our big banks will have the most resounding effect on economic future. The latest quarterly report from the Neil Barofsky, the Special Inspector General for the Troubled Asset Relief Program (TARP), is the best official articulation yet of why Too Big To Fail is here to stay in the United States – and we are likely on the path to these institutions (Johnson & Kurtz, 2011) becoming Too Big To Save. There are moral hazard and potentially dire consequences associated with the continued presence of financial institutions that are deemed ‘too big to