Describe the recent rate of unemployment and how it has changed over the last year.Frictional Unemployment would be the nursing career, initially it is hard to obtain a job within your first year out of nursing school US Unemployment – Econ

Describe the recent rate of unemployment and how it has changed over the last year.Frictional Unemployment would be the nursing career, initially it is hard to obtain a job within your first year out of nursing school
US Unemployment – Econ

Discussion 1 Response
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US Unemployment Rate
The rate of unemployment according to the Bureau of Labor Statistics has decreased over the past year. What has driven the unemployment rate to decrease is the increase in production of jobs, as of April 2017, 200,000 new jobs were created within the United States and primarily 67,000 of those jobs were correlated to health care positions.
The role of the cyclical, structural and frictional unemployment:
In correlation to health care positions, cyclical unemployment can be compared to management positions due to the limited amount of positions made available for example there is one manager position for one department of 45 nurses and techs.
Structural unemployment would be compared to Borders Book store due to the amount of electronic readers such as Kindles and online reading materials; this establishment was unable to keep up the supply and demand and eventually went out of business.
Frictional Unemployment would be the nursing career, initially it is hard to obtain a job within your first year out of nursing school, however, after time because there is a huge turnover rate and variable ranges of hourly rates depending on the job location as well as agency opportunities there is a lot to be focused on for the search for the right job.
The forecast of unemployment rate over the next three years will continue to decrease because with the amount it has already decreased from last year I have high hopes it will continue in the right direction. It is also dependent on our president and future president. For example, the health care laws that will take into action within the year will continue to open up job positions within the emergency departments throughout the nation due to decreased amounts of insurance coverage and therefore leading patients towards ED for overall health care.
The steps the government should be making to improve the employment situation is spend less time focused on taking away women’s rights and more time on what is important on our economy.
References:
Bureau of Labor Statistics. (2017). Databases, Tables & Calculators by Subject. Retrieved from https://data.bls.gov/timeseries/LNS14000000.
Gillespie, P. (2017, May, 5). US unemployment hits 4.4%, lowest in a decade. Retrieved from http://money.cnn.com/2017/05/05/news/economy/april-jobs-report-us-economy/index.html.

Discussion 2 Response

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