The Unemployment Problem in the United States

Unemployment Problem in the United States
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Unemployment Problem in the United States
The unemployment rate in the United States is declining but remains significantly high considering that the context is in a first-world country that doubles up as the World's Superpower. Notably, the lowest unemployment rates are in Myanmar (0.05%), El Salvador (0.1), and Qatar (0.1%) (World Population Review, 2021). The rates are substantially lower than that of the United States (3.9%), even though the country exhibits a decrease in the number of unemployed people by 0.3% (Bureau of Labor Statistics, 2022). The problem with the relatively high unemployment rate in the United States is the high cost of living that leaves the unemployed and low-income earners in conspicuous health and crime risks that could be avoided through job creation. For instance, Indeed Editorial Team (2021) posits that unemployment jeopardizes unemployed individuals' physical and mental health while creating negative familial relationships. Correspondingly, it is crucial to develop effective measures to increase the rate of employment in the country.
The most effective way of decre...