Causes Of Unemployment And Its Effects On The Health Of A Country 's Economy

In any economy, no matter whether it is controlled by the government or by free markets, people need to work in order to support it. The government does not generate tax revenue by magic. There have to be people in that economy earning an income to ensure that the government continues to collect taxes. In a free market economy, the same applies because there are some services which only an organized government can supply (such as protection from extra-national threats), but there also those which the people get for themselves because of the working of the markets. In any scenario, unemployment is, at the very least, a drag on the economy, and it can be much worse. This paper examines how the unemployment rate in the United States is underreported, and how that fact effects the sluggishness of the present economy.

The United States is full of amazing things, historic landmarks, pizza, Nascar and countless other things that help set our nation apart. However there is one thing that our nation shares with every other nation in the world that isn’t so great, in fact many people would agree it is one of the worst things for a nation to have. No it’s not smallpox, it’s unemployment. Unemployment is unfortunately something a nation cannot vaccinate against. Sadly nations are always going to experience unemployment, and in some cases it can be a real issue. No one likes to hear about high rates of unemployment just like no one wants to catch a case of smallpox. Yet similar to how many people know little about the disease smallpox few people know much more about unemployment other than the current rate of unemployment. There are many factors that make up unemployment and influence it. This financial report will focus all about unemployment.

In 1932, there were a major effect on unemployment because of the result of the great depression. The government gave million’s relief money but that wasn't enough for the people to survive with. Also there were a domino effect on the united states government because there wasn’t enough taxes getting paid and consumers spending was decreasing.The decrease in spending had caused a reduction in public money available for public services which caused a effect on closure of schools which caused teachers to be unemployed.

Furthermore, unemployment leads to domestic problems. Head of the family is responsible for earning money; however, if unemployment occurs, children may suffer from having a good education provision, received stress impact from their parent due to financial constraints. Children may not able to attend schools as the family is unable to afford the necessary school supplies.

Unemployment is when a person does not have a job and will not be able to make a money or get a salary at the end of the day.

America, the country called home. Known as one of the most powerful and advanced countries in the world. Is full of many major problems. That could be destroying the economy and the people that live here. With people resorting to being on the streets selling and doing drugs causes a big problem. Not only drugs and the economy being a problem, but also people getting things that they don’t deserve or worked for. If America stays on the same path it is right now the future could be heading for the worse.

Unemployment refers to the numbers of people not working and can be measured by the claimant count and labour force survey. There are different types of unemployment and each of them requires different policies to overcome them.

Unfortunately the United States is one of the nation’s experiencing a large number of people just dropping out of the workforce causing this shrinkage. Back in 2000 our labor force members, which includes individuals actively looking for a job and those already employed was only at 72.7% (Luhby, 2015). Our unemployment rate is very deceiving because it looks like the numbers are declining when in reality people are just removing themselves from the labor market because they’ve become frustrated looking for work (Luhby, 2015). Another reason for the shrinkage is the cost of daycare being so expensive that some parents decide that it’s necessary for one parent to stay at home to care for the baby. Some employers have made it impossible for

Youth unemployment in Nigeria has eaten deep into the agile and intelligent youths who despite the lack of jobs cannot do without activities.

The present example of Nigeria Education system, especially the Tertiary Institutions has been an issue of sensitivity to the general public, government organizations, companies, educationists, investors (home and abroad), graduates and diverse establishments. This paper took a gander at the present state of education as far as the admission process, educational modules, academic staff, students, funding, facilities, industrial collaborations, roles of government agencies and how it has affected the quality of graduates produced that has ultimately led to an increased level of unemployed graduates from Nigeria Tertiary Institution.

Unemployment in some cases is not an individual problem. While some may think that unemployment is always the beholders fault, in Nigeria however, it is quite the contrary. Raw data and statistics can show exactly why a country has an unemployment problem. Along with that, causes of unemployment can be significant to why unemployment is such a critical problem. Even more, the effects of unemployment hint to the future of any country that struggles with this. With all of this in mind, one must wonder how much unemployment really affects a country.

Money is essential to any individual looking to have a decent lifestyle; labor is the avenue through which this is acquired. The economy goes through various fluctuations in activity causing unemployment to fall, rise, or level out. What this creates is the first type of unemployment, known as cyclical; frictional is the second type, caused by a temporary leave (for whatever reason) by the employee, and structural is the third type, varying with the economic changes in demand. The absence of unemployment at its maximum level is termed full employment, another version of unemployment. The term encompassing the sum of the frictional, structural, and, yet another type of unemployment, surplus unemployment is that of the natural rate of

During the 1980’s there was a global recession which became progressively worse for Nigeria because of the inherent weakness in the economy. The sudden reduction in oil prices led to cuts in government expenditure budgets leading to a reduction in employment opportunities especially school leavers. Hence, in order to curb the menace of the rising unemployment rate and considering its political and socio-economic implication; which includes a general increase in crime rates, such as armed robbery, youth restiveness,

Commenting on the general poor development of Nigeria workers, W.R. Haines opined that the Nigeria workers see under-used, under-employed, frustrated and prevented from bringing their talent to bear on the well-being of their employer organization and the nation at large. The principal culprit is not the workers but the leader. The management according to this statement shows that in effect the country is blessed with the manpower resources with which to develop but it racks in the effective utilization of this potentials for the transformation of the inadequate planning and development of her manpower resources.

Unemployment is a key factor that plays a significant role in both economic growth and development which is the aim of any country. Unemployment is defined when a person who is actively searching for employment is unable to find work. There are many ways one can be unemployed hence, there are different types, frictional, cyclical and structural. Frictional unemployment is a type of unemployment which is usually caused because unemployed workers may not always take the first job offer they receive, because of the wages and necessary skills; this may also be caused by workers who will quit their jobs in order to move to different