Unemployment Rates

This article is related to macroeconomic which examines how the economy functions and its performance. Unemployment as a whole is related to macroeconomics. There are many reasons as to why a person could be unemployed. He or she could be retrenched, fired or still be looking for a job. However, if

The largest cause of unemployment can be attributed to recession. The term recession refers to the backward movement of the economy for a long period. People spend only when they have to. (Nagle 2009). With people spending less there would be less money in circulation therefore, enterprises would suffer financially and people would suffer too. This is so because recession reduces the fiscal bases of enterprises, forcing these enterprises to reduce their workforce through layoffs. These enterprises lay off their workers in order to cut the costs they incur in terms of wage and salary payments.

The unemployed are those individuals capable, accessible and willing to work at the going wage yet can 't discover work in spite of a want to work.

Unemployment is a phenomenon that occurs when a person who is actively searching for employment is unable to find work. It is the failure of obtaining employment to earn wages or salaries paid in money. When there are more resources used for production and no man power, this will lead to a waste of economic resources and loss of goods and services.

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 far more vital to the economy and plays a huge role in keeping our economic system revolving across the United States. The percentage of unemployed workers in the labor force as a whole distinguishes what the national unemployment represents. Unemployment is predominantly brought to the attention of the public when the economy is in distress and is widely debated between economists trying to dispute their apprehensions. Disconcerting issues consist of those who are unemployed losing wages that support their families, which in turn causes the nation as a whole to lose its contribution to the economy. When the unemployed lose their purchasing power, firms may begin layoffs, causing a cascading effect of catastrophe through

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

In the United States, nearly all of the citizens are trying to look online or the newspaper to find jobs, so they can’t get nutritious food, medical care, have warm clothing, and have a roof over their heads. Half of the unemployed people are homeless, they are going through the smelly, dirty trash bins to get food in their stomachs and also their kids (if they have any). They are live in small,brown, moldy cardboard boxes or sleeping wherever they can to survive. There are about 5.5 percent of people in America that are employed even with a college degree, however, “people who lack high school diploma or GED make up a quarter month 2014 to date” (Bolen). Unemployment is the one of the biggest poverty problems in America. But what is unemployment? Unemployment is described as when people are looking for job within the past four weeks and can’t find work, however, it can also mean an economic condition that is marked by the fact that individuals actively seeking jobs remain unhired (Unemployment Definition). Unemployment affects the United States economic system, and the society in this nation.

There are many reasons for unemployments. For instance, technology, it is replacing workers. “ Most of these workers need more training before they can get a new job in their field.” Another reason is when there’s less demands it creates a cyclical unemployment. Cyclical unemployment is when “ companies loss too much profit when demands fall, If they don’t expect sales to pick up anytime soon, they must lay off workers.” Examples of this is the “ Financial Crisis of 2008” and the “ Great Depression of 1929”.

This paper is about how the high unemployment rate has an affect on the economy. The high unemployment rate had an affect on the Gross Domestic Production as well how it had an affect on the economy as well. This paper covers when the Gross Domestic Production went up the unemployment rate had gone down as well. The high unemployment rate also had direct ties to the economy, because if people are not working they are not going to spend money on house hold goods which is what drives the economy.

Everyone in this world needs to have job or money in order to survive. In the current situation, there are still tons of people all around the globe without a job and money, who struggles to live a healthy life. The person who is available for work, yet he or she does not have any opportunities is called unemployed. When we think of unemployment, we directly refer to a person without a job or “jobless”. However, we do not consider what were the causes of that situation? Or what was the result? Unemployment has always been a social scourge. It is crucial to understand the causes and effects of unemployment because it can happen to almost anyone in this globe. Also, it is equally important to resolve this issue before it rises at a higher level else it can lead to a rise in illiteracy, poverty, and underemployment. The population growth, technological advancement, job requirements, and economic loss have provoked unemployment and in turns unemployment has far ranging effects on society.

Many people know that the U.S job market has always been inconsistent, and has it’s good years and bad years. Many may ask how is it even possible for an abundance of Americans to be unemployed, when a great amount of them followed the American Dream and worked hard in school and earned their degree, and some even risked being in debt so they could follow the American Dream and get their college degree. Unemployment always rises during recessions and usually, but not always falls during periods of economic expansion. For those who may not know the definition of recessions and expansions, as Dr. Econ stated “A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in

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