Running Head : Unemployment TrendsUnemployment Trends[Writer s Name][Institute s Name]Unemployment TrendsUnemployment rate tends to be one of the close evident indicators about the economic progress of a component . Socially and politically , the unemployment scenario is also very significant . During the last half of this decade , the U .S . unemployment rate has been on the overturn . According to the U .S . Department of wear upon , Bureau of get the picture Statistics (2009 , the national unemployment rate has additiond from 4 .3 in January 1999 to 9 .5 in June 2009 . This increase has predominantly been due to the increasing foreign competitions , increased automation of industries outsourcing of employment to other countries and most markedly to the severe recession , that has badly hit U .S prudence and its citizens Studies indicated that since late 2007 , more than 6 .
5 millions employees have lost their jobs in the United States alone that is considered one of the adverse economic hunches after the World War II (Bloomberg 2009According to the Louisiana Department of Labor , Hurricane Katrina caused the unemployment rate of Louisiana to double to 11 .5 in family 2005 Due to this , Louisiana was 47th out of the 50 U .S states in 2005 . Since recovering from Hurricane Katrina , the unemployment rate of Louisiana has gone muckle principally . For February 2009 , Louisiana has been the only state that has seen as increase an over-the-month increase in the level of employment 0 .3 . wherefore , in June 2009 , when the national unemployment rate...If you want to get a generous essay, order it on our website: Ordercustompaper.com
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