Traces trends in correlation to governing styles, inflation, changing nature of the workforce, type of work demanded, legislation, and gender issues. Concludes that government should not attempt to control unemployment, but allow open market to do so.
Written in 1994; 1,350 words; 6 sources; $ 47.95
From the Paper:
"An overview of unemployment in the United States since 1970 reveals several significant patterns. Unemployment in the past two decades continues a trend that began after World War II, when the unemployment rate began to drift upward, with the composition of the unemployed changing demographically, accompanied by a substantial change in the level of wage inflation and its relation to unemployment in the overall economy..
Between 1950 and 1960, the unemployment rate averaged 4.5 percent, with a range between three and seven percent. Between 1960 and 1970, the average was 4.8 percent, with a range from five to eight-and-a-half percent. From 1970 to 1980, the average rose to 6.3 percent, and the range was from five to eight-and-a-half percent.. Between 1980 and 1990, the average rate was a little over even percent, with a range from five to about ten percent.. As of.."
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