State of the Economy

Throughout the recent years, the economy has been plagued with what some call the massive recession. Although the unemployment rate has flat-lined during the past couple months, that does not necessarily blind drunk that the future of the economy is on the brink of a rebound. due to the abundance of over-qualified applicants seeking the same entry level positions as the under-qualified ones, this is yet another daunting reminder that an education is indispensable in order to compete in todays job market. Furthermore, the increment of job hunters flooding the market allows employers to be extremely discriminating during the hiring process. This directly effects those who are statistically placed at an uncontrollable disadvantage whether it may be age, race, or gender.
The sexual climax of these factors and economic uncertainty, not only places extra stress on these job seekers, but tends to quickly demotivate them in the job track down process. When a mortal has been actively engauged in the job hunting market, yet has not been successful in obtaining a job, those race are catagorized as discouraged workers. The count of discouraged workers deep down the workforce in March 2012 was 865,000, which is near the same amount from a year earlier.



Job seeking individuals can shape discouraged rather quickly due to the amount of opposition in the entry level market, especially if their qualifications are substitute par. The number of part-time workers fell from 8.1, to 7.7 million this past month, every due to a cut back in hours or full-time employment was not attainable or physically possible. As far as the Bureau of Labor Statistics is concerned, if a person is a part-time employee, regardless to the amount of hours worked per week, that person is treated as though they work full-time. Although the unemployment statistics are essay to be calculated as accurately as possible, this is yet another obvious flaw in the system.
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