I need help correcting this essay.

Introduction

The two main issues relate to unemployment are Government Spending, and Exchange rates. Government spending increasing in which might lead to increase in circulation and to rise prices, thus causing inflation. Exchange rates with inflation the value of currency reduces leading to an increase in the dollar's exchange rates. The first one being lower economic output/growth and the second one being higher cost of living.

From Okun's Law, I find that higher unemployment above the natural rate leads to a negative gross domestic product and this is an issue to an economy if the unemployment keeps rising. So, for the first issue which is slower economic growth/output, I find that it attached to both the inflation and unemployment such that the level of economic output and growth depends on the rate or unemployment and at the same time, the rate of inflation. For instance, when the unemployment rate is higher, then the output per capita of the people of the economy would be lower and hence reduced output and growth of the economy. Furthermore, unemployment in an economy comes from the lack of jobs to put the effort and to increase the level of output at individual level and so, as unemployment increases, the growth level of the economy educes.

For the second issue which is high cost of living, I find that inflation spurs higher cost of living in an economy that experiences a higher inflation rate. Higher rate of inflation comes with high cost of living because the prices of the basket of commodities shall have increased and hiked and when this is coupled with high unemployment rate, we will have a higher cost of living. So, in essence, inflation causes a loss in the value of the currency of the economy, and it devalues the currency which means people will need more money to buy few goods. This then confirms the higher cost of living brought about by inflation.The inflation rate is of growth of CPI. The purchasing of the power of money is cause by inflation. ("Inflation and Unemployment- Foundation for Teaching Economics" 2019). As seeing for past 10 years the trend of unemployment rate has continually decreased.

As we all know about the types of unemployment: structural, frictionally and cyclical. Structural unemployment people who do not have the rights skills for a job or live too far from regions where jobs are available. Frictionally unemployment people moving from one job to another. Finally, cyclical unemployment people who cannot find a job (recession or economic shutdown). They are consisted of actual and natural.Frictionally, structural and cyclical are the actual rate of unemployment; frictionally and structural are natural. Even in the booming economy unemployment will always exist.

The main issues relate to employment and inflation, are the higher level of education and gender. Nonetheless, GDP, is impacted by gender and level of education. The fact that most of the women are well-educated that makes it easier for them to work on their career, that makes unemployment rate lower for women than men. However, there are many opportunities that provided to women meaning childcare, according to that access, women after giving birth seize the opportunity to enter the workforce as quicker as possible, especially the single mothers. Most of the women raised their children while attending college/university.

The fact that people tend to level their education that has impacted on the GDP, nowadays, people with high level of education are looking for high paying jobs.might disappoint from what they are getting in comparison from what was promised to them before graduation. Sometimes, the well-educated graduate would take a lower paying job for better paying jobs.

DATA

Unemployment by Gender

Women in the work force has come a long way. In the past there was only certain career opportunities opened to women. These jobs included teaching, domestic work and some factory jobs during war time. One of the most notable developments in the US labor market in the post-war period is the rise of female labor force participation, driven by the behavior of married women. The female participation rate stabilized at around 60% in the early 1990s. By contrast, the male labor force participation rate steadily declined in the post-war period ("The gender unemployment gap | VOX, CEPR Policy Portal", 2019).

In USA, the competition around the countries for higher level of education is outrage. In fact, the level of education can affect the economy as well. In term of knowing how great the country's economy will do, the countries must give good importance to the education and workforce they are provided out there. A well-educated nation increases productivity and pay and so does well-trained workforce.

By reading the Statistics of U.S.A. Bureau of Labor, I noticed that earnings increase, and unemployment decreases as educational attainment rises.When comparing the level of workers by education, the chart shows that people who have more education tend to have higher earnings and lower rates of unemployment than those with less education. (Vilorio, 2019).

- Labor Force Statistics from the Current Population Survey

Analysis

By analyzing the gender differences in unemployment that can examine the past 10-year trend and inflation as well. As well can see in the present decade, the gap of gender unemployment rate has been narrowing. The comparison of the women that participated in the workforce in the 1950s and the 1998s are unbelievable. They went about one in three to three of every five women of working age were in the labor force. In the labor force, 33.9 percent in 1950 were women among the age 16 and over. Compared with 59.8 percent in 1998, 63.3 percent of women age 16 to 24 worked in 1998 versus 43.9 percent 1950.There is a great future for women in the workplace.

U.S. unemployment rate: seasonally adjusted February 2021

The entire economy has been impacted by the inflation. All the living costs have been raised such as mortgages, food and other goods and services impact the economy.

Reflection & Critical Thinking

Based on my research the reflection I made is to understand the connection and the impact on the economy have on education, unemployment and inflation all have. The chances that men and women with higher education must increase employ and decrease inflation.

Solution

As how I defined unemployment, some people wanted to work, however they are unable to find the kind of employ they are looking for. I do understand that graduates and professional who are unemployed or underemployed maintain to get reemploy quicker than those who lacked education.By resolving the employment crisis, it would help develop the country. It was never easy to solve unemployment. The most on-going task is to maintain a healthy employment rate. By ensuring the employment market is open to men and women the solution is to create new jobs that best suite all genders, races, and all ages from 16 to 65 yrs. old. The solution is to raise unemployment more than 6% to have enough jobs created. Large companies building, needs more help from their states so they can open more jobs for them to hire the residents.Apparently, there are less men with undergraduate and graduate degrees in the workforce than women with graduate and undergraduate degrees. Even though, there are more women with undergraduate and graduate degrees in the workforce, men are continuing to get more pay than women.

In conclusion, both unemployment and inflation need to stay healthy because they have completed each other. Both are inversely related. The gap needs to be closer for both men and women regardless of races, ages. Both men and women must have the same opportunities in the workforce.