According to researchers high unemployment will continue for several more years. In an article in The New York Times, Mr. & Mrs. Vincent Reinhart explained their research report that studied 15 major crises and high unemployment since WW II. Their conclusions were that each crisis started and ended with close to 10 years of growth and then close to 10 years of cut backs. People during each of these crises lost jobs and saw years of high unemployment.
Research has shown that our economy, including the number of available jobs, runs in cycles along with high unemployment, one good reason why high unemployment and the loss of jobs will continue.
According to Carmen Reinhart in the Financial Times, the economy does not stabilize because people forget during the good times how bad things have been in the past and how many jobs were lost during times of high unemployment. People also tend to think that progress and technology has advanced our society so much that our economy and the availability of jobs will continue on a positive track and not see the loss of jobs or high unemployment.
If people can learn to be less overconfident when living in a stable growing economy with a high number of available jobs, then perhaps being a little more cautious may help keep high unemployment and the loss of jobs from developing in the first place.
When people want more and more in search of their American dream, jobs and economic growth continues to develop toward an inevitable decline and a period of high unemployment and loss of jobs soon follows.
High unemployment will also continue because of our aging population. Fewer families are having children and even fewer are having more than two children. As people age into their working years, more and more people are entering the workforce, which is adding to high unemployment and fewer jobs.
An article in The Christian Science Monitor explains this problem as being one of the reasons that high unemployment will continue. Even though the U.S. has created 100,000 new jobs each month, the number of people entering the workforce has equaled these new jobs, continuing high unemployment.
Some people will claim that is progress because high unemployment is not continuing to grow but is stabilizing. For those people who are still looking for jobs, high unemployment will continue to be a problem and this is not good news.
If you are one of the many people who cannot find jobs during these past years and are a victim of high unemployment, just remember that this too shall pass. In the mean time, one suggestion over the years has been to help people deal with the loss of jobs and unemployment is to volunteer somewhere.
Even if people just volunteer a couple hours per week during times of unemployment, they are networking and making contacts for possible future jobs.
This has helped many people over the years during times of unemployment. Volunteering also helps people feel better about themselves while looking for jobs, especially if high unemployment is expected to continue.
Another suggestion for people without jobs is to contact your local workforce agency, technical college or community college to find out information on training towards clean energy jobs or any other kind of jobs that are trade skill.
These agencies have helped train people for jobs for years, even during times of high unemployment. For more information on jobs and unemployment please visit “Lack of Skilled Workers?” and “Where are The Clean Energy Jobs?” for helpful ideas.
For related topics please see
“Jobs & People: High Unemployment for Another 10 Years.”
For other topics by this contributor please see http://www.associatedcontent.com/user/743371/teresa_erwin.html
Authors’ Disclaimer: While every caution has been taken to provide my readers with the most accurate information, please use your discretion before making any decisions based on the information in this article.