During the years of the one of the worst recessions in American history, the unemployment rate skyrocketed. However, the economy has slowly been on the mend in recent years and a report recently released by the Department of Labor shows the lowest unemployment rate in seven years currently standing at 5.4 percent in April. Additionally, the job market is remaining stable (finger crossed).
Christian Broda knows there are still many battles to be won in the fight against unemployment, with joblessness being a concern for wide range of age groups and circumstances. However, young adults remain the most underemployed and unemployed group in the nation, even those who hold college degrees. Also, employees who earn minimum wage are still pushing for higher wages claiming their paychecks do not offer enough support to make end meets, while also demanding more benefits such as increased insurance packages and paid time off.
While the low unemployment rates are extremely encouraging, it doesn’t mean there still isn’t work to do. We must figure out how to provide jobs to college graduates and raise minimum wage in order to completely heal our fragmented economy. A process that will likely take years, even decades, to come to fruition. Both employees and employers must work together, along with local and federal governments, to produce the type of economic environment Americans deserve.