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There are many domestic factors affecting the U.S. labor force and employment levels. These include: economic growth; cyclical and structural factors; demographics; education and training; innovation; labor unions; and industry consolidation [2] In addition to macroeconomic and individual firm-related factors, there are individual-related factors that influence the risk of unemployment.
In California, for instance, the state unemployment rate hit 5.3% in February, up 0.8% from a year ago and the highest in the nation. New Jersey's unemployment rate hit 4.8% in February, also up 0.8%.
"Of the roughly 2 percentage-point net increase in the rate of unemployment between the end of 2007 and the end of 2013, about 1 percentage point was the result of cyclical weakness in the demand for goods and services, and about 1 percentage point arose from structural factors; those factors are chiefly the stigma workers face and the erosion ...
Unemployment is measured by the unemployment rate, which is the number of people who are unemployed as a percentage of the labour force (the total number of people employed added to those unemployed). [3] Unemployment can have many sources, such as the following: the status of the economy, which can be influenced by a recession
Unemployment shot to 10.8%, which at the time marked its highest level since World War II. Why the US job market has defied rising interest rates and expectations of high unemployment Skip to main ...
The nation’s unemployment last month was 3.8% as the economy added a surprisingly high 303,000 jobs. ... due partly to the storms that battered parts of the state this winter, according to EDD. ...
Labour force participation can increase due to changes in education, gender roles, population age and immigration. Long-term unemployment will push the curve outward from the origin, which could be caused by deterioration of human capital or a negative perception of the unemployed by the potential employers. [8]
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