Christian Huaman

Period 4
October 19, 2016
U.S. adds 156,000 jobs in September; unemployment rate rises to 5 percent

Though at the beginning of the year, unemployment levels were not great, there

has been a gradual improvement just recently. The reasons for this achievement are

wage increases, new labor opportunities, and peoples confidence to get into the labor

force and to invest their money into our economy.

Unemployment levels are important to the economy as it affects not only the

productivity of the nations labor force but also their motivation to contribute to its further

success. Just recently, in the month of September there has been an increase in job

opportunities, up to 156,000 new jobs available to be more precise. This number is

slightly less than what was expected, but it is still ideal. Surprisingly, despite the

significant increase in job opportunities this past month, the unemployment level still

rose by .1%, reaching the 5% mark which is similar to the one at the beginning of the

year. Although it would be fair to say that the number of unemployed workers has

increased, we cannot simply conclude that the unemployment level calculations will be

completely accurate. The levels of unemployment, refers to the rate of unemployed

workers over the people in the labor force. In other words, the unemployment rate does

not significantly reflect the truth of the economy as it can vary depending on its various

factors.

One of the numerous factors that are really significant is also the fact that a great

amount of the well-known baby boomers are retiring and thus leaving the labor force.

As a result, the labor force will decrease at some rate, but keeping in mind that some

new workers and previously unemployed workers will increase the labor force. At the

same time, they will decrease the unemployment rate. These factors are always varying
 Christian Huaman
Period 4
October 19, 2016

constantly and thus are not always perfect reflectors of the unemployment levels within

the United States.

Moreover, there has been a noticeable increase in the wages of the salaries of

workers. Even though it has positively affected primarily the business sector and mining

sector, it has increased the participation rate for the workers. Now they are very

motivated to get jobs as the salaries and rewards for their tedious work. This increase in

participation is also a crucial factor for determining the unemployment rate as the

unemployed people, or numerator, increase in the formula. The number of unemployed

workers, or people actively looking for employment, increases as the interest level

among people does too.

Though the unemployment rate may increase slightly, it does not really reflect the

situation of the United States labor force correctly. The 156,000 new jobs created in the

month of September, is noticeably greater than the amount of new jobs created during

the months of July and August. Over time, should the number of job creations keep

rising every month, there should be an actual decrease on the unemployment rate

rather than an increase as seen in this situation.

Since unemployment is a crucial factor to the economics of the United States,

there have been various arguments as to how it should be solved. The following

viewpoints are of no other than the two presidential candidates Hillary Clinton and
 Christian Huaman
Period 4
October 19, 2016

Donald Trump. Firstly, Hillary Clintons perspective or methods in dealing with

unemployment is that there should be an increase in minimum wage as it really does

persuade workers into joining the labor force. In addition, she argues that higher taxes

on wealthier people would be beneficial for the economy as it balances and distributes

wealth more equally. On the other hand, Donald Trump argues that imposing higher

tariffs on the imported out of the country. Though this would sound ideal for the

increased profits for the nation, his policy would greatly reduce interest levels of foreign

countries to make negotiations with the United States. Reducing unemployment level is

simplifying the whole concept. In fact, it should be that the number of unemployed

workers should increase whilst the number of the labor force increases or remains at a

high point. The United States government would benefit as the economy of the nation

would be healthier, for example, employed workers would need less reliance on

government and would pay their taxes which helps them fund the public services

offered. The public would benefit from the reducing of unemployment levels as the wage

rates keep rising and are thus motivated to get jobs and remain in them. This brings

personal satisfaction to them and allows them to achieve personal objectives and

receive better public services.

Citation
 Christian Huaman
Period 4
October 19, 2016

Harlan, Chico. "U.S. Adds 156,000 Jobs in September; Unemployment Rate Rises to 5
Percent." Washington Post. The Washington Post, 07 Oct. 2016. Web. 19 Oct. 2016.