Labor market and unemployment
Order ID |
53563633773 |
Type |
Essay |
Writer Level |
Masters |
Style |
APA |
Sources/References |
4 |
Perfect Number of Pages to Order |
5-10 Pages |
Description/Paper Instructions
Labor market and unemployment
The labor market refers to the supply and demand for labor, where workers supply their labor in exchange for wages and benefits, and employers demand labor to produce goods and services. The unemployment rate is a measure of the health of the labor market, calculated as the percentage of the labor force that is not currently employed but is actively seeking employment.
In a healthy labor market, the unemployment rate is low and there is a balance between the number of job openings and the number of job seekers. However, the unemployment rate can increase during economic downturns, such as during a recession, when there are not enough jobs to match the number of job seekers. This can lead to a situation where there are more workers than available jobs, resulting in high levels of unemployment.
Unemployment can have a number of negative effects on individuals and society as a whole. For individuals, unemployment can lead to financial hardship, as the loss of income can make it difficult to pay bills and make ends meet. Additionally, unemployment can also have a negative impact on mental health, as the loss of a job can be a traumatic experience that can lead to feelings of stress, anxiety, and depression.
Unemployment can also have a negative impact on society as a whole. High levels of unemployment can lead to reduced economic growth, as there are fewer people working and producing goods and services. This can lead to lower levels of income and wealth for everyone, which can in turn lead to lower levels of consumption and investment. Additionally, high levels of unemployment can lead to increased poverty and inequality, as those who are unemployed may struggle to make ends meet while others continue to prosper.
There are a number of policy responses that can be used to address high levels of unemployment. One of the most common is fiscal policy, which involves using government spending and taxation to stimulate economic growth. This can be done by increasing government spending on infrastructure projects and other initiatives that create jobs, or by cutting taxes to encourage businesses to invest and hire more workers.
Another policy response is monetary policy, which involves using interest rates to influence the economy. Central banks, such as the Federal Reserve in the United States, can lower interest rates to encourage borrowing and spending, which can help to create jobs and boost economic growth.
In addition to these policies, there are also a number of programs and initiatives that can be used to provide assistance to those who are unemployed. These include unemployment insurance, which provides financial assistance to those who have lost their jobs, and job training programs, which help workers develop the skills they need to find new employment.
In conclusion, the labor market and unemployment are closely linked, and the health of the labor market can have a significant impact on individuals and society as a whole. High levels of unemployment can lead to financial hardship, reduced economic growth, increased poverty and inequality. There are a number of policy responses and programs that can be used to address high levels of unemployment, including fiscal and monetary policy and job training programs.
RUBRIC
QUALITY OF RESPONSE |
NO RESPONSE |
POOR / UNSATISFACTORY |
SATISFACTORY |
GOOD |
EXCELLENT |
Content (worth a maximum of 50% of the total points) |
Zero points: Student failed to submit the final paper. |
20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. |
30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. |
40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. |
50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. |
Use of Sources (worth a maximum of 20% of the total points). |
Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. |
5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. |
10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. |
15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. |
20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. |
Grammar (worth maximum of 20% of total points) |
Zero points: Student failed to submit the final paper. |
5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors |
10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors |
15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. |
20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. |
Structure of the Paper (worth 10% of total points) |
Zero points: Student failed to submit the final paper. |
3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. |
5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper |
7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. |
10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. |
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Labor market and unemployment
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