Unemployment Issues in the U.S.

There many factors and issues that relate to the unemployment situation in the United States. This paper delves into the unemployment data over the past ten years, and examines the economic conditions that create large numbers of unemployed persons. The paper also looks at the various approaches to unemployment -- the Keynesian viewpoint and the classical viewpoint vis-a-vis unemployment -- and provides scholarly narratives on the subject.

Unemployment between the years 2003 and 2013

Department of Labor statistics are quite different from the data used by the Gallup organization -- due to the fact that the DOL apparently, in addition to phone interviews, uses data supplied by employers (which makes the percentages of unemployed persons lower) and the federal data is seasonally adjusted. According to the DOL, in December 2002, the unemployment was at 5.6%; in December 2003, the unemployment rate was 5.6% (Bureau of...
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