03.02 Public Policy:Unemployment

Unemployment has been a major problem throughout the history of the United States especially during the “Great Depression”. This is a problem because there our many people out there looking for jobs but either don’t have the requirements or not enough jobs for people. In the world there are about 197,000,000 or 197 million people looking for jobs, that is about 6% of the population without jobs in 2012 according to International Labour Organization and as of Florida it has 6% unemployment rate on Oct. 2014 which has slightly decreased over the year because on Oct. 2009 it was as high as 11.2% people without jobs. This harms growth because it is a waste of resources and puts people in poverty due to the lack of work. As of result to this some people will lose their skills they've learned for this specific job due to this. According to Florida Statue “443.1115 Extended benefits state” an unemployed person who was at a company for a certain amount of time and can now receive benefits for an extended period of time.”. To solve this problem, they would need to create more jobs either by the government or the people, according to research, new businesses create an average of three million jobs annually, while existing businesses of any age, type or size, in aggregate, shed a net average of about one million jobs each year, as some businesses fail and as others incorporate technology and become more efficient”. Especially with the government helping to provide jobs such as any construction projects would help jobs. It would cost the unemployment people a lot since they are trying to support their family Such as the worker are unable to financially stable to pay their bills or purchase goods, which then causes them to lose their homes and other items. But if unemployment decreases the worker will have money to buy goods which gives benefits to companies that provides jobs to people. With more people buying goods, they would need more people to manufacture the goods which provides jobs for people. But on the other hand if the production of goods doesn’t sell, this would harm the company to lose money since their money is spent on the goods and the money of the workers. I would recommend this policy to everyone that is unemployed and are trying hard to get a job. Especially if you lose your job then you know you have a back up