Skip to main content

Explaining America’s Current Unemployment Crisis

Why job losses have been so brutal and how they expose economic fault lines.

Healthcare Business Law & Economics Ethics Labor Relations Operations Management Chapter 1 Taking Risks & Making Profits Chapter 2 Economics Chapter 3 Globalization Chapter 4 Ethics & Social Responsibility Chapter 9 Production & Operations Management Chapter 11 Human Resource Management Chapter 12 Labor Management & Unions Bonus Chapter A Blog Video Understanding Business Higher Education

With tens of millions of Americans currently out of work, the U.S. is experiencing an unemployment crisis on a scale not seen since the height of the Great Depression. This video looks at the devastating effects of rising joblessness while also explaining how several European governments intervened to avoid disastrous unemployment rates. 

Questions:

  1. Why is the U.S. unemployment insurance system not equipped to face the current crisis?
  2. Do you think the U.S. should take a more active role in providing relief to both companies and employees? Why or why not?
Author: NickelsMcHughMcHugh