The Impact Of Teenage Unemployment And Possible Solutions

1118 words - 4 pages

Unemployment has always been something that Americans have worried about since the great depression in which one in every four people was unemployed. High unemployment has an impact on every one even those whom are still currently employed. For example if the unemployment rate is particular high then even those with jobs get worried. Unemployment is also separated in to distinct categories base on which group is the focus of the study. The categories can be by race, age or location, for example the unemployment rate of those between the age of sixty and sixty-five could be compared those between the ages of thirty and thirty-five. These categories allow economist to see which groups are the best and which groups are worst off. One group particularly bad off is the age group referred to as teenagers. This paper is going to focus on how teenage unemployment affects the economy and what possible solutions there are.
For teenagers typically the best employment is during the summer months due to the fact that they are out of school and thus have an increased amount of leisure time and many places require an extra source labor in order to accommodate for the rush which typically occurs during the summer months (Hall, 2013). In the year 1999 just above fifty-two percent of teenagers from the age of sixteen to the age of nineteen were employed for a summer job, however; the current employment rate for the same age group was around 32.25 percent in the past June and July an extremely low number especially considering that this was the peak teenage employment season (Hall, 2013). This has been compared to the great depression by some due to the fact that the numbers are somewhat similar to those seen during the great depression, in fact Andrew Sum ,the director of the Center for Labor Market Studies, has dub the current trend “the Great Depression for Teenagers” (Hall, 2013).
The unemployment rate also varies by race in addition to age group (Hall, 2013). Currently for Caucasians the percentage of those who have a job is at 39.25 percent, for African-American the percentage is currently at 19.25 percent, and as for Hispanics the percentage is currently at 26.7 percent (Hall, 2013). In addition to race the income of the parents plays a role in the percentage for those who currently have a job (Hall, 2013). Thus when these factors are combined factors together it becomes apparent whom is the best off and who happens the worst off (Hall, 2013). For example forty-six percent of Caucasians whose parents have an income between one hundred thousand and one hundred and forty-nine thousand held a job during this past summer (Hall, 2013). On the other edge of the spectrum only 9.1 percent of African-American teenagers whose parents received an income of below twenty thousand per year were employed during this past summer and only 15.2 percent of Hispanic teenagers in the same situation of low parental income were employed during this past summer (Hall, 2013).

Find Another Essay On The Impact of Teenage Unemployment and Possible Solutions

Impact of Unemployment on the Family

1859 words - 7 pages Abstract The purpose of this paper is to understand the effects that unemployment has on the family as a whole. In today’s society being unemployed impacts greatly on almost every aspect of an individual’s life and depending on their personal circumstances, it is likely to impact on other family members lives too. Today, the possibility of loosing your job looms on the horizon for many of us. Up until a few months ago I was among the

A study of high attrition rates on organizations, it's consequences, and possible solutions to the problem.

2451 words - 10 pages "In a highly competitive environment, organizations need to retain their talented employees in order to sustain their competitive position in the market. Examine and analyze the positive impact of retaining good employees in organizations."Content PageIntroductionFactors contributing to employee attrition rates-Career Prospects-Organizational Identity-Work Commitment-Monetary Incentive-Involuntary TurnoverConsequences of high attrition rates to

Depletion of the Ozone Layer: Its causes, effects, and possible solutions

2740 words - 11 pages ozone layer and methods instituted to help the ozone layer. In this research paper you will also find out what the ozone layer actually is and the parts that it is composed of. The Earth's atmosphere is divided into several layers. The lowest region, the troposphere, extends from the earth's surface up to about 10 kilometers in altitude. All human activities take place in the troposphere. The next layer, the stratosphere, continues from 10 to 50

Possible Solutions of Deforestation in the Brazilian Amazon

2776 words - 11 pages acute in the Brazilian Amazon, where its rate is much high comparing with other regions. This paper will describe world-wide rainforests, causes and effects of deforestation, and evaluate possible solutions of deforestation in the Brazilian Amazon. Tropical rainforests which is located between tropic of Capricorn and tropic of Cancer covered 12% of land surface few thousand years ago. However, today they occupy only 5% of the planet. Albeit of

The Problem of Understanding and Its Possible Solutions in "Our Time" by John Edgar Wideman and "Indians" by Jane Tompkins.

895 words - 4 pages Both Jane Tompkins and John Edgar Wideman devote some of their paper to pointing out the difficulties they face when writing their essays, "Indians" and "Our Time" respectively. The two authors are trying to reach and give an account of the actual situation and circumstances of the subject of their writing, but in the process of creating their essays realize that this is something they would hardly achieve."Our time" was created to tell the

Gun Control in America: a new approach at an issue that is becomming an epidemic. Possible solutions and the costs of those solutions.

703 words - 3 pages . It is a phenomena that is beyond our control ? and can be frightening to those whom are not prepared.II.Prevention ? is a human's only hope for combating a potential storm?.. the storm that I refer to today is gun violence. Like a natural disaster ? the temperament of a criminal offender is beyond our control.III.The prevention method can be applied to this issue as well, in the reduction of the availability of guns, the adoption of a

Possible Solutions to the Foreclosure Crisis

1209 words - 5 pages The purpose of this writing is to analyze the foreclosure crisis and offer some solutions to keep people in their homes and satisfy the financial accounting records of the banking industry. With more lost jobs on the horizon and fluctuating adjustable mortgage rates, the foreclosure crisis continues to plague America. A recent report from the Mortgage Bankers Association reveals that 14% of loans are behind or in foreclosure. This is

Possible Solutions to the Youth Violence Problem

1645 words - 7 pages Possible Solutions to the Youth Violence Problem The birds are chirping, the sun is beaming down through the clouds, and you can hear the shrieks of excitement from the neighborhood park. Walking down the street, you envision raising your family on this picture-perfect street. As the vision becomes more and more detailed, however, the shot of a gun rings out from the distance. You duck behind a parked car, wondering where the bullet

The Keynesian and Neoliberal View of Unemployment

2588 words - 10 pages excessive spending would stabilize the aggregate demand of the economy during economic downturns (Course-reader 25). A major component of Keynes’ ‘solutions’ was the establishment of the social contract after the Second World War which “rested upon four pillars” (Course-reader 28), namely; the state respect of the key interest of capital; state commitment to pursue high income and unemployment; state provision of assistance to those unable to fully

The Northern Irish Conflict. Details the efforts made towards resolution and possible future solutions

3780 words - 15 pages ), hoped for some kind of power-sharing or co-operative arrangement of government between unionists and nationalists. Most unionists were unwilling to lose any of their authority and distrusted all nationalists as ultimately working to undermine Northern Ireland and join with the Irish Republic. Many in the Republic of Ireland felt sympathy for the nationalists but also felt unable to make a significant impact and were afraid that the instability

The Economy and Unemployment

698 words - 3 pages The Economy and UnemploymentA well-known fact is that the economy is at one of the worst points in history. If people sit down to think of how the drop of the economy has affected them, they will come up with at least one common answer; unemployment. Everyone knows someone who has been laid off, most likely it was a family member, a friend or even themselves. Due to the fall of the economy, some companies have had to close some of their stores

Similar Essays

Causes Of The Foreclosure Crisis And Possible Solutions

1345 words - 5 pages , unemployment, or under-employment? My solution is two-fold. First of all, I believe that banks that have received TARP funds should be required to surrender a percentage of their individual executive bonuses. A Forbes article states that 317 financial firms have received $194.2 billion in TARP funds from the U.S. Department of the Treasury since October of 2008, but only two of them—Citigroup and Bank of America were required to say what they would

Diffrent Types Of Unemployment And The Possible Demand Side And Supply Side Policies

1669 words - 7 pages appropriately. Although some unemployment is inevitable, policies like monetary and fiscal policies are accessible ways to mitigate the severe consequences of unemployment. This essay will outline three types of unemployment and explain the possible demand side and supply side policies associated with evaluations.Generally, economists divide unemployment into three categories: frictional unemployment, structural unemployment and cyclical unemployment

Causes Of American Poverty And Possible Solutions

1551 words - 6 pages Poverty is not a simple issue. You cannot ask a question about poverty and get one universal response. There are many conflicting ideas about what poverty is, and more importantly, where it comes from. The make-up of American society shows that so much in life can depend on one’s family. Having opportune circumstances can land people jobs, but having the opposite can also perpetuate the depression and reality of poverty for others. When people

Possible Solutions To The Problem Of Pollution

535 words - 2 pages environmentally safe or even car pool more, ban aerosol cans, and find cleaner burning fuels.The second you step out of your home you are witnessing the air being polluted. The cloud of smoke from the exhaust of a bus, car, or truck is air pollution. If we invented a new type of car that ran on water or ran battery powered cars it would be environmentally safe. Inventing a hydro vehicle. Witch is a car that runs on water, it would not only help the