The Effects Of Unemployment On The United States - 942 Words

Over the course of many years the United States has done a very good job of creating and supplying jobs for the citizens. This could be an effect of our economic standings or is there a reason other countries do better than others? There are many countries that are doing better than the United States in the aspect of unemployment, but the US currently has a very low rate of 4.8% (List of Countries). The country that is currently doing the best is Qatar with a rate of 0.4%. This could be for many reasons such as population (List of Countries). One thing that I have found is that there is a direct correlation to standard of living and unemployment rate. Many of the poorer countries in the world have a much higher unemployment, such as†¦show more content†¦When the country goes through depression most of the time the rate will rise dramatically and go back down. This has happened many times, the most recent only being four to five years ago. The unemployment rate is currently 4 .8%, which is a good place to be. This has been the average rate in the US for a very long time. This is an effect of our strong economy. Economy is described as the wealth and resources of a country, especially in terms of production and consumption of goods and services. The economy is also determined by population and standard of living. If the population is very high in a country and standard of living is low, then the unemployment rate will most likely be very high. This goes both ways. The United States has a very good standard of living and a population of around 326 million, this affects the economy making the unemployment rate what it is. There are some countries that are doing a better job of this but most have a higher rate than the US. Most countries with poor economic systems have high unemployment rates such as Zimbabwe, Syria and Yemen. All of these countries are close in population but are low in comparison the US. They also have very low standards of living and very high rates. There are other cases like Qatar with a population of around two million and with the lowest unemployment rate. It varies from country to country. China has a population of over one billion and has around theShow MoreRelatedUnemployment And Its Effects On The United States1443 Words   |  6 PagesThe United States is full of amazing things, historic landmarks, pizza, Nascar and countless other things that help set our nation apart. However there is one thing that our nation shares with every other nation in the world that isn’t so great, in fact many people would agree it is one of the worst things for a nation to have. No it’s not smallpox, it’s unemployment. Unemployment is unfortunately something a nation cannot vaccinate against. 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