How does unemployment rate impact the economic well being of the united states?

Question

please provide an example!

Answer 1

Simply.
People who have jobs have money to spend.
When they spend money they creat jobs or keep others in their jobs.
If jobs are created, more people have money to spend and the economy grows.
People with jobs pay tax and help the economy to provide services that are "free".
As unemployment grows the reverse occures. Less money -> spending -> less jobs etc.

Answer 2

The higher the unemployment then there is less money spent in the economy (which will cause the Fed. to lower the interest rates or lower the value of the dollar to raise imports causing industries to make more and hire more people. Now the lower the unemployment rate can have a reverse condition to the feds and the stock market telling the fed to tighten the money (also by raising rates). It really is strange but as the saying goes unless you aren't working then there seems to be no problems.

Answer 3

What panic ? Controversy about Obama below best performance ? "Vision is something else ? where do you concoct these "notions" from ? Sounds a replay of 4 different Liberal leftist media sites. with emphasis on "WHAT" ? Answer: The Unemployment figures are "contrived" and as phony as the Polls these past months saying Obama had a substantial lead. They DO not include Part time workers seeking full time work; the millions who have given up even looking and the largest "hiring" group was Medical, which few people qualify for ( increase in Medical because of Obamacare ). And why did the White House ask The Defense Industry to violate the Law and NOT send out the 300,000 Pink Slips as required, until after the election ? And then OFFER to pay the HUNDREDS OF THOUSANDS of dollars in fines they will incur...... WITH taxpayer money ? Democrats have turned extremely foul and now will do ANYTHING to keep Obama in power.

Answer 4

Tax dollars fund the unemployed. Tax dollars also are used to build homes for the unemployed. Building homes requires construction labor. Construction companies hire illegal workers to build said homes. Money paid to illegal workers is sent out of the country to fund the importation of more illegal persons.

When money leaves the community (especially the country), the economy suffers. This cycle is a downward spiral into a depression.

If the government would use tax dollars to put the unemployed into jobs rather than give them money and housing, there would be no need for illegal workers. Therefore, there would be much less money leaving the country. The end result would be a stronger economy.

(This of course was a very short version of a very complex problem, and it only focused on a few of the many contributing factors.)

Answer 5

generally, you want the unemployment rate to be low. (ours is around 4.5% right now, which is the ideal rate because this is about as low as it gets.) a lower unemployment rate means that a lot of working-age adults have paid jobs. the more paid jobs pple have, the more money they will spend on goods. this, in turn, creates more jobs because more goods have to be made to satisfy the demands of consumers. as more jobs are created, our country's productivity level increases. pple earn more, they spend more and they also have to pay more in taxes. this generally creates a stronger, healthier economy.

Answer 6

when more poeple are unemployed then more people dont make money and get poor so they cant buy stuff and the economy goes down