Unemplyment Blog#2

      Hi are you sitting at home wondering what you want to do for the rest of your life? Just graduated college and don’t know what you want to do next? Well I definitely know how you feel. Hi my name is Jordyn Randall and Im in the 9^th grade. I’ve been thinking a lot about what job I would want to have now, my future and what I want to do after high school and even college. But I found out that its not easy to find a job and that there are 13.9 million people unemployed.

       In The major worker groups, the unemployment for adult men ( 7.5%), adult women ( 7.4%), teenagers ( 24.9%), whites ( 7.4%), and Hispanics ( 10.3%) showed hardly any change in April, although the rate for blacks ( 13.0%) declined over a month. The unemployment rate for Asians was 5.2% in April. This information hasn’t been shocking but considering that my race is the highest unemployed is disappointing but makes me want to strive to not be in this category.

I believe that some of this unemployment has something to do with taxation. Businesses pay more taxes in the U.S. than any where in the world. Many businesses are being truly crushed by this, which is also chasing businesses out of the country. Barack Obama has just proposed  a boost in unemployment taxes. I feel that this is going to make businesses not want to hire more employees.

There is a such thing as unemployment benefits though. Unemployment benefits are payments made by the state to unemployed people. Depending on the authority and the status of the person. The amount of money may be small, covering only central needs, also known as welfare. In some countries a proportion of unemployment benefits are divided by labor unions.

 After doing all this research I feel copying more money will get rid of all our problems because if people have more money they will buy more things and businesses will have more money. I also feel that we should just keep the prices of everything the same instead of raising the prices of things every year. I don’t think we should do both because that wouldn’t be to good for businesses.