Unemployment as a Social Problem

Unemployment as a Social Problem

Introduction

The global financial crisis in recent times has hit the world economy and the United States labor market strongly, creating huge disparities among different regions and unevenly affecting the various segments of the society. As a consequence, unemployment reached levels matching those emerged immediately after World War. Moreover, the unemployment crisis duration is also at historic high. The unemployment crisis has affected nearly all segments of the society, but it has hit hard particularly on men, low skilled worker and the youth. The industries worst affected by the crisis include construction, financial and ...