Jobenomics – Address Unemployment Issues

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As we analyze the unemployment situation in our country, there are certain major points to be considered at the earliest to ensure America does not go deeper into trouble. View statistics that justify this claim at

It is vital to realize that our country is indeed going through an employment crisis.

More than unemployment, it is the urgent need for policymakers to focus on employment scenario.

Unemployment Issues

Here are a few facts on unemployment that should effectively hammer down the point –

In the 1990s, American people were happy to see a rise in jobs. 90s saw 22 million more jobs created. Just a few years later, in the 2000s, the US is reeling under severe economic strain losing at least 1 million jobs. Now, this should give us a picture of how stable our economy is.

Whether we are just laymen or expert analysts, one message stands out loud and clear that policymakers must do something on an urgent basis and improve the employment scenario if our country must be on the road to economic recovery and regain its past glory.

There are many areas that need to be addressed. For instance, it may not be prudent for policymakers to emphasize so much on U3. It is necessary to focus more on the U1 long term rate. This rate reflects the extent to which workers have lost skills and depend more on government welfare. This must be addressed at the earliest and the country must once again stand on the skills of its labor force.

Further, the seriousness of the situation and the shortage of jobs can be gauged from the fact that in the year 2000, for every job, there were about 1.3 applicants. Just ten years later, in 2010, there are six applicants applying for every job. So much disparity in the unemployment rate in just a few years does not bode well for the economic picture of our country.

Employment Issues

Coming to the employment scene, the population of America presently is 309 million out of which 106 million are employed in the private sector. Even if we do not consider the postal workers and government contractors, the number stands at 96 million. Compared to the huge population, this figure is too minimal to support welfare, tax and familial overhead.

There was a significant decrease in the workforce employed in the private sector in the last decade. In fact, there was a 13% decrease out of which the manufacturing sector alone saw a workforce decline of 55% in the last thirty years.

Out of the total population of 309 million, only 23 million are employed in government jobs. At least 72 million people are off the grid and 83 million are not a part of the labor workforce.

The recent economic downturn that fuelled an influx of stimulus money has generated only around one to two million jobs. If we see this sad trend continuing in the next couple of decades, we can only imagine with trepidation what our country is heading for. There are chances of severe damage or even collapse of our economic system. For more information on employment and unemployment issues, visit