Commenced in January 2007
Frequency: Monthly
Edition: International
Paper Count: 31106
Employment Promotion and Its Role in Counteracting Unemployment during the Financial Crisis in the USA

Authors: Beata Wentura-Dudek

Abstract:

In the United States in 2007-2010 before the crisis, the US labour market policy focused mainly on providing residents with unemployment insurance, after the recession this policy changed. The aim of the article was to present quantitative research presenting the most effective labor market instruments contributing to reducing unemployment during the crisis in the USA. The article presents research based on the analysis of available documents and statistical data. The results of the conducted research show that the most effective forms of counteracting unemployment at that time were: direct job creation, job search assistance, subsidized employment, training and employment promotion using new technologies, including social media.

Keywords: Social Media, training, lifelong learning, Unemployment, Tax, Financial Crisis, Companies, labour market, United States, job creation, employment promotion, employment agencies, job search assistance, subsidized employment

Procedia APA BibTeX Chicago EndNote Harvard JSON MLA RIS XML ISO 690 PDF Downloads 191

References:


[1] Nawrot W., Globalny kryzys finansowy XXI wieku. Przyczyny, przebieg, skutki, prognozy, CeDeWu, Warszawa 2009, pp. 21-22
[2] Berlinger J., A New Poverty Calculation Yields Some Surprising Results, Business Insider, 2013, p. 7.
[3] Elsby M., Hobijn B., Şahin A., The Labor Market in the Great Recession, Brookings Papers on Economic Activity, 2010, p.32.
[4] Farber S., Unemployment in the Great Recession: Did the Housing Market Crisis Prevent the Unemployed from Moving to Take Jobs? American Economic Review Papers and Proceedings, 2012, 102(3), p. 54.
[5] Elsby M., Hobijn B., Şahin A. The Labor Market in the Great Recession, op. cit., p. 33.
[6] Romer Ch., Bernstein J., The Job Impact of the American Recovery and Reinvestment Plan, Committee on Oversight and Government Reform, Washington 2011, p.12.
[7] Davey M., States and Cities Angle for Stimulus Cash, The New York Times. p. A1. Retrieved January 17, 2013, p. 6. https://www.nytimes.com/2009/02/16/us/politics/16stimulus.html (access date: 15.01.2018).
[8] Rissman E.R., Employment growth: Cyclical movements or structural change? Economic Perspectives, Federal Reserve Bank of Chicago, 2009, p.12.
[9] Rothstein J., The Labor Market Four Years Into the Crisis: Assessing Structural Explanations, NBER Working Paper, 2012, p.26.
[10] Global Employment Trends, the risk of a jobless recovery, Report, International Labour Organization, 2014, p. 22.
[11] http://www.dol.gov (access date: 21.12.2019).
[12] http://www.dol.gov (access date: 21.12.2019).
[13] Card D, Kluve J., Weber A., Active Labor Market Pol¬icy Evaluations: A Meta-Analysis, NBER Working Paper 16173, National Bureau of Economic Research, Inc, 2010, p. 14.
[14] Davey M., States and Cities Angle for Stimulus Cash, The New York Times. p. A1. Retrieved January 17, 2013, p. 6. https://www.nytimes.com/2009/02/16/us/politics/16stimulus.html (access date: 15.01.2018).
[15] Fujita S., Economic Effects of the Unemployment Insurance Ben-efits, Federal Reserve Bank of Philadelphia, Business Review, Fourth Quarter, 2010, pp. 20-27.
[16] Layard, S. Nickell, R. Jackman, Unemployment Macroeconomic Performance and the Labour Market, Oxford, Oxford University Press, 2005, p. 36.
[17] Benson V., Morgan S., Cutting-Edge Technologies and Social Media Use in Higher Education, IGI Global, Washington, 201, pp. 180-210.
[18] Fabricant F., Miller J., Stark D., Creating Career Success: A Flexible Plan for the World of Work, Wadsworth, Boston 2013, pp.184-189.
[19] Card D, Kluve J., Weber A., Active Labor Market Pol¬icy Evaluations: A Meta-Analysis, NBER Working Paper 16173, National Bureau of Economic Research, Inc, 2010, pp. 18-22.
[20] Card D, Kluve J., Weber A., Active Labor Market Pol¬icy Evaluations: A Meta-Analysis, NBER Working Paper 16173, National Bureau of Economic Research, Inc, 2010, pp. 22-23.
[21] Rothwell W., Kazanas H., Improving On-the-Job Training: How to Establish and Operate a Comprehensive OJT Program, John Wiley & Sons Inc., San Francisco, 2004, p.4.
[22] http://www.brookings.edu/research/papers/2002/11/welfare-holzer, (access date: 12.12.2019).
[23] Center for Labor Market Studies, Consequences of dropping out of high school: Joblessness & Jailing for high school dropouts &the high cost for taxpayers, Northeastern University, Boston, Massachusetts, 2009, p.18.
[24] De Gier E., Training Vouchers and Active Labour Market Policy. Evidence about the Efficacy and Efficiency of a New Policy Instrument, Presentation to the NICE Economic Seminars, Radboud University Nijmegen, 2009, p. 36.
[25] Rifkin J., Trzecia rewolucja przemysłowa. Jak literalny model władzy inspiruje całe pokolenie i zmienia oblicze świata, Wydawnictwo Sonia Draga, Katowice, 2012, p. 316.
[26] U.S. Department of Education and Office of Vocational and Adult Education. Programs preparing out-of-school youths for further education and careers, D.C., Washington 2008, p. 15.
[27] S. Small, M. Memmo, Contemporary models of youth development and problem Prevention: Toward an integration of terms, concepts, and models, Family Relations, 53, p. 3-11.
[28] Jobs for America’s Graduates, JAG Model 2009, http://www.jag.org/model.htm, (access date: 01.12.2019).
[29] http://www.ssa.gov/work/overview.htm, (access date: 11.12.2019).
[30] Card D, Kluve J., Weber A., Active Labor Market Pol¬icy Evaluations: A Meta-Analysis, NBER Working Paper 16173, National Bureau of Economic Research, Inc, 2010, p. 19.
[31] Rifkin J., Europejskie marzenie. Jak europejska wizja przyszłości zaćmiewa American Dream, Wydawnictwo NADAIR, Warszawa, 2005, p. 32.
[32] Bassanini A., Duval R., Employment Patterns in OECD Countries, Reassessing the Role of Policies and Institutions, OECD Social, Employment and Migration Working Paper no. 35, 2006, p. 18.
[33] Nie J., Struby E., Would Active Labor Market Policies Help Combat High U.S. Unemployment? www.KansasCityFed.org, 2011, p. 42-44 (access date: 01.12.2019).
[34] Kabaj M., Problemy współczesnego rynku pracy (dziewięć tez kierunkowych), Conference Materials, Komitet Prognoz “Polska 2000 Plus” on Zagrożenia jakości życia człowieka; Perspektywa długookresowa. Warszawa, 2014, p. 23-25.
[35] www.bls.gov/bls/newsrels.htm#OEUS, (access date: 03.01.2019)
[36] www.oecd.org/employment/emp/, (access date: 15.12.2019).
[37] www.wnjpin.net, (access date: 15.12.2019)