Unemployment is still a major concern even, while decreased
from 10% to 7% since 2007.
On average, says Professor of Economics Mike Haupert, people
can live without a paycheck for one month before running into any serious
problems. Even though the unemployment rate decreased 3%, the rate has been
stuck.
According to http://www.deptofnumbers.com/unemployment/wisconsin/,
the 2013 unemployment rate in Wisconsin has decreased from 7.9% in January to
7.3% in August.
College graduates have less to worry about after graduating.
Graduates on average go without a job for two to four weeks. The unemployment
rate for college students is 4%, even less for those with their masters. Those
with their M.D. or PhD have an even smaller unemployment rate.
Haupert says the 2007 recession compared to the economic
meltdown of the 1930s Great Depression is not an accurate parallel. Still, he
says, the people now without jobs are hit hard.
Haupert says there is a permanent 4% unemployment rate in
the United States with any increase depending on the economy. This 4% consists
of people between jobs, quitting their jobs, and graduating from school.
Contact Career Services with any questions or assistance, at
any time, at 608.785.8514 or at career@uwlax.edu
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