Ever think about what happens to people when they loose their job? Where do they go? What do they do? How do they provide for their family? These are everyday facts about unemployment, one of the largest measuring sticks for an Unemployment is an important facet of every economy. Although itmay seem logical to keep unemployment rates as low as possible, that is not thecase. If unemployment rates drop to far down, this may lead to inflation. Thereason being that if there is a low unemployment rate then there will be a shortageof skilled workers, thus pushing employers to raise wages and benefits which willin turn raise prices.Over the years, there have been really high highs and really low lows whenit comes to unemployment. Currently the unemployment rate is at its lowest intwenty five years. The booming economy has helped drop the unemployment rateto below four percent, which is the lowest since 1970. These low rates have beencaused by many factors. Some of which include growth in the industrial output ofthe United States, a booming stock market, and some natural elements such asrecent hurricanes. In order to asses the affects of these different factors on the unemploymentrates, economists must have some type of system to estimate the unemploymentrate. One major system that is used deals with the number of help wanted adsthat are published. This process is a compilation of the number of help wanted adsthat are measured in fifty-one major newspapers across the United States. Thesecounts are then converted into an unemployment percentage through the use of anindex. It is no secret that the goal of every country is to have a productive andstable economy. One which will allow its people to function and operateeffectively. Currently in the United States, the economy is booming. This boomin the economy has lead to a decrease of about four thousand less new claims ofunemployment per week. This drastically low rate has posed...
