Causes Of Unemployment

A condition that has existed since the beginning of commercialization, unemployment has been in our history since its monumental recognition in 1929. The Great Depression is really when unemployment became a real issue and its highest peaks where between 1932 and early 1933 when the average rate of unemployment was 24.9%. Fast forward almost 80 years and unemployment is still a political issue whose rate has experienced a roller-coaster ride of highs and lows. Unemployment has many forms, but it is technological unemployment, that is a crisis which if declined will lead to an excellent and a benevolent rise to our nation’s economy.

All over the world there is poverty within the communities. Poverty is a big problem when it comes to unemployment. Some people only rely on government assessment for example food stamps, unemployment checks, Medicare, WIC, etc. There are ways to better your life and get off of government assessment. You can find ways to get a job and work your way off of government assessment. As you read more of the paper we will be discussing different unemployment.

Today American citizens undeniably face some of the nation’s greatest challenges. No matter the issue, there will be consequences as a result. A great issue as voted by most Americans is believed to be the high percentage rate of unemployment. Unemployment is a distressingly bad aspect, and unfortunately it is a daily normality and struggle for most individuals. There are a plethora of reasons why unemployment is intensively high; frictional, structural and voluntary unemployment for example, serve as major purposes to the leading cause of high unemployment. Frictional unemployment occurs from the amount of time spent in finding new employment in the free market. For example, a recent university graduate may not necessarily expect to find a job of their expertise and skills right away therefore the job hunt continues. This also occurs whereas people choose to be unemployed rather than accepting the first job that comes around or are in between jobs because they have become inessential or simply looking for a better, beneficial career. Structural unemployment occurs due to inconsistent labor skills such as occupational immobility where learning a new skill required for a certain occupation is complicated. For example an unemployed mechanic will struggle to find an occupation in the medical industry because of the difference in occupational knowledge. Geographical immobility

Before one can understand the various components of unemployment it should first be understood what exactly unemployment is. Unemployment is defined as people who are currently not employed, available for work and tried to find a job within the last 4 weeks. (Makiw 299). This means that not all people without a job are necessarily considered unemployed. Workers without a job who are no longer searching for a job fall into the category of discouraged workers. This group of individuals is not included in the figure for finding the unemployment of a

Unemployment is one of the main financial complications in America today. Individuals who are measured as unemployed if the individuals is looking for work or laid off for more than a week. There are numerous diverse details why an individual could be jobless. Three of those causes are cyclical, structural and seasonal unemployment. The administration tries to find answers in order to decrease unemployment by making up guidelines.

Unemployment is the state of not having or finding work. Unemployment is a big issue in today’s society with the joblessness rate being 199.4 million people or 6% of the entire world. Being so hard to find a job, the unemployment rate begins to rise. It is projected that the unemployment rate will add up 1 million additional people during the year of 2017.

The unemployment rate is a good indicator of the overall economic health of a country. When unemployment is high this generally indicates a weakened economy with many people out of work. Unemployment is also related to the inflation rate. When inflation is high then unemployment is typically lower because more people have to work since the money they have is worth less. When inflation is lower then people have less of an incentive to trade their labor if they already have some wealth accumulated. However, there are also exceptions to this trend. Currently in the UK the inflation rate is slightly over seven percent (7.2%) which is relatively high (Office for National Statistics, 2012).

With there being a variety of labels for unemployment I believe that frictional unemployment best describes what the U.S. is experiencing. Frictional unemployment is can be viewed as more of a desirable state of unemployment because it was chosen by the person themselves. Frictional unemployment typically doesn’t last for long periods of time, but instead a short period of time. The individuals that fall under this type of employment are normally waiting for accept a job soon or they could be searching for a job. It may not sound like the best decision to make, but it has been found that most individuals move to better positions. This type of employment benefits both the employee and the employer because the employer has a qualified worker

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.

Many people believe that their job defines their place in society and that productive, con-tinuous work is one of the elements needed for a happy life. Therefore, when a person becomes unemployed, he/she may lose hope, disrupt relationships, become depressed or sick, and even su-icidal. “Long term unemployment can often be financially, emotionally, and psychologically de-structive” (Krulick). In order to maintain a place in society, a person must be able to pay bills, support a family, and contribute to the community. Unemployment in the United States is a ma-jor social problem; better plans should be started by the government to help reduce the

The United States determines its unemployment rate by the amount of people able and willing and looking for work. People who are in prison, the military, to sick, or to young can not contribute to the labor force so they do not get counted towards the country's unemployment rate. The country's unemployment goes up the more people who are able to work but don't want too, either because they don't feel it's worth it or are lazy. The unemployment percentage is found by dividing the total number of unemployed people by the total work force, or people will to work.

The United States has been experiencing the lowest rates of unemployment it has seen in several years. A person is considered unemployed if he/she is of working age and is actively looking for a job but cannot find one. An unemployment rate is found by dividing the number of workers that are unemployed by the number of people in the labor force and then multiplying this number by 100%. A labor force can be defined as all the people in a country who are able to work, whether they have a job or not. There is a “natural” rate of unemployment which indicates that there is no way to get the country at a 0% unemployment rate because of scenarios such as people who can’t find jobs because of a lack of information, people who do not have the motivation

Unemployment mostly occurs when one has lost his/her job and spends quit time looking for a new job. “The U.S. unemployment rate was certainly too high in 1975, and most economists would agree that it is too high today.” ( Lucas Jr, P.257-263). Even though

Unemployment has been around for a very long time. Unemployment happens when a person has been actively looking for a job but they are having a hard time finding a job. It can be also caused when someone is laid off, fired or quits. Looking at this year’s unemployment rate it has shown that unemployment has declined. “For teens unemployment rate has declined to 16.2 percent in July. The rates for adult men is 4.8 percent, adult women is 4.9 percent, whites is 4.6 percent, blacks is 9.1 percent, Asians is 4.0 percent, and Hispanics is 6.8 percent it showed little or no change” (Unites States Unemployment Rate, 2015).The article that is going to be focused on is “The Role of Fiscal Policy Lessons from Stabilization Efforts in

Inflation is an increase in price levels within an economy. Basically it means that you will have to pay more for the same goods. Unemployment is even more straightforward. It means that a person is available for employment but is unable to find employment. Lastly, the unemployment rate, which is the percentage of potential workers that are unemployed, is used to measure unemployment (Mankiw 1992).