Leadership: Motivating Change within an Organization

Leadership: Motivating Change within an Organization
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Table of ContentsLeadership: Motivating Change within an Organization1Unemployment Issue in the United States1Causes of Unemployment in the United States4Few Vacancies in the Job MarketLack of Real Growth China Market PoliciesCompetitionTechnology in the IndustriesFederal Reserve InterestsGeneral Effects of Unemployment in the United States7Psychological effectsCommunity undulate effectsFuture employment problemsLess spending in the systemReferences10
Leadership: Motivating Change within an Organization
Unemployment Issue in the United States
Unemployment issue is among the major economic problems most countries are trying to eliminate, United States being on exception. Unemployment or joblessness is a situation where jobseekers lack jobs despite meeting jobs market requirements. Unemployment rate in the US is high among the youths who are idle after completing their studies, as there are no jobs for them in the market. To find the unemployment rate in the United States and other countries in the world, one should work out the unemployment prevalence which is has a percentage of the unemployed jobseekers by the total people the employed. Unemployment in the United States and other countries in the world is high during recession periods. For example, in 2011 during the recession period caused by dwindling economies, over 200 million of people were out of employment across the world. These increased the total number of the unemployed individuals in the market.
Despite the United States having a stable economy than other countries in the world, the country has always experienced a considerably high rate of unemployment over the years. This has led to anger in unsatisfied citizens towards the government efforts in dealing with the unemployment rate. Therefore, this paper will discuss effects of unemployment in the United States and the global.
There are about 10 million jobless people in the US; this is according to the Labor department of the United States. The number keeps increasing every now and then has the colleges and universities are bringing in more workers to the market through successful completion of their courses and graduation. The high rate of unemployment that the United State is facing was due to the decline of economic growth because of global financial crisis. Despite that, the federal government is working towards fighting unemployment rate by setting up policies that will clean the issue of unemployment from the US by boosting the economy to create more jobs in the market.
Since the creation of economic stimulus package by President Obama in the United States, the unemployment rate in the US has declined to approximately 8% as by 2012. At one point, the unemployment rate reached its highest at 10.9% in 1982; this caused unrest among the Americans and as a campaign tool for the politicians for their personal agendas. However, the unemployment rate has been declining in recent years to the current one at 4.78% from 8.15% in 2012 and down from 9.35% in 2011, this is according to the economic survey for the US CITATION Bur15 \l 1033 (Bureau of Labour Statistics, 2015).
Unemployment rate varies differently in various states and districts in the United States, according to statistics from the Bureau of Labor Statistics, Nevada had the highest unemployment rate at 12% then Rhode Island with 10.5% and South Carolina with 9.5%. North Dakota, Nebraska and South Dakota had the least rate of unemployment with 3.0%, 4.0% and 4.4% rates respectively CITATION Sam25 \l 1033 (Sam Fleming, 2015).
Causes of Unemployment in the United States
1 Few Vacancies in the Job Market
There are several reasons that lead to unemployment in an economy; one is fewer vacancies in the job market. The recent financial crisis in the Global economy affected the US job vacancy market thus declining the total number of jobs available for the jobless to apply to approximately 3 million from about 5 million job vacancies. This led to increase in unemployment rate has the colleges and universities did not stop producing workers for the economy despite the financial crisis the economy was facing CITATION Nan09 \l 1033 (Rose, 2009).
2 Lack of Real Growth
Lack of real growth in the economy of the US creates few to no jobs for the Americans. The economy of the United States has wrapped up over the years the worst being the reign of President Bush. The economy created no new jobs as it is expected thus losing the pace with the projected employment rate. However, President Obama’s reign has struggled to amend the situation at least by creating new jobs through collaborating with the private sector in dealing with unemployment rate issue. For example, in 2012 the government was able to create 36, 000 employment opportunities in January for the jobless, a figure less by far to 150, 000 jobs that econ...