Introduction:In this Article we are going to analyse recent trends in the labour market for the US and see the most likely directions in which the Labour market will take over the coming years. Since the Global Financial Crisis in 2007/08 across the world, a rise in the unemployment rate has been noted in most western developed countries. In most places the Unemployment rate has stayed higher and there have been few signs of recovery in nearly every country.Problems:- High unemployment*chart from Federal reserve of St Louis' data bankAs seen in this chart above, the unemployment rate (Spread between Employment level and Civilian Labour force) has risen significantly since the recession and while is trending down, it is  doing so at an incredibly slow pace.For the economy, High Unemployment rates are bad. Quite simple to understand, when there are less people with jobs there is a lower level of demand in the economy. When this occurs people employed in sectors such as retail will lose jobs as companies require less staff to sustain the required demand levels.From here a downward demand spiral ensues as those unemployed add to the decrease in demand and so the process repeats itself.…
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