Back to all posts Career

The Bureau of Labor Statistics

by Expert Jayjay1 | 15 Aug 2016

Unemployment, recession, and depression, are all common terms in the subject of the economy. They are as well, at times, interrelated and one may have caused the other. However, it is not necessarily so all the time. Unemployment is measured by the Bureau of Labor Statistics.

Need essay sample on

"The Bureau of Labor Statistics" topic?

We will write a custom essay sample specifically for you

Proceed

The BLS does the measurement by surveying individual homes and numbering the unemployed contrasting them against the percentage of the employed population. The Bureau also reports on those who have no interest for work – these are discouraged workers who have abandoned already the idea of looking for work. So, these are people who are not working. Nevertheless, they aren’t counted among those unemployed, and thus, counted separately. If the number of this kind of discouraged unemployed people is on an increase, there is a possibility of looming recession.

On the other hand, the recession is happening when Gross Domestic Products is not growing or has been dropping for two consecutive quarters in a year. It only means that there is a steady loss of jobs as a result because companies and different producers are slowing down in terms of their produce. Of course, with this scenario in sight, unemployment becomes steady. Although economic depression is defined technically different by economists, it is real and can be felt today. Mike Whitney (contributor to Global Research), in his article, said that anybody can look around and see the signs of depression.

In “better times,” the American population occasionally opted for canned foods, but not anymore today. Because people are looking for better and cheaper ways to feed their families, more and more are deciding on processed food. The price of every food item in groceries is rising. And so, every unemployed person is technically, and in effect, depressed. No need to wait for more signs. It is here for every unemployed person.

Learn more:
Monitoring in the Workplace: Is it Too Much? Staffing practices and selection tool paper Selection Training and Development

Do You need a paper on this topic?

Order Your Essay
Writer avatar

Prof. Mutendei

№11 In global rating

350

finished papers

268

customer reviews

99%

success rate

Writer avatar

Tutor Ken

№14 In global rating

288

finished papers

217

customer reviews

99%

success rate

52

finished papers

42

customer reviews

98%

success rate

Writer avatar

Dr. Julie

№14 In global rating

34

finished papers

27

customer reviews

100%

success rate

368

finished papers

291

customer reviews

99%

success rate

Writer avatar

Prof Gracie

№16 In global rating

1092

finished papers

791

customer reviews

98%

success rate

Writer avatar

Professor Harvey

№16 In global rating

461

finished papers

360

customer reviews

97%

success rate

Writer avatar

Prof_Maggy

№15 In global rating

208

finished papers

152

customer reviews

99%

success rate

Writer avatar

Dr. Michael K.

№18 In global rating

326

finished papers

250

customer reviews

99%

success rate

Writer avatar

Prof.Laura

№20 In global rating

197

finished papers

152

customer reviews

98%

success rate

Order your paper now!

I need
My email
By clicking “Continue”, you agree to our terms of service and privacy policy. We’ll occasionally send you promo and account related emails.

EssayLab Reviews

  • Jason (student)

    I asked Essay Lab to write an essay for me and received paper the next day after I ordered it! Thank you!

  • Kimberly (student)

    Awesome WORK! If I ever need to write my essay – I will use only EssayLab!

  • Matt (student)

    These people are lifesavers! Just ask – “write me an essay” and they will start right away!

Support contacts

[email protected]