Essay on Unemployment Cause and Effect

705 Words3 Pages
Unemployment – Causes I am going to offer my theory as to the real cause of unemployment, for every cause there is an effect. The process of cause and effect. It’s hard to live a normal healthy life without a job and money. There are many reasons why people are unemployed, but in turn this state of unemployment can cause one to experience financial, emotional, and personal problems. The most common causes of unemployment are getting fired and laid off for specific reasons. People might get laid off if a company is going out of business or maybe if there are positions in the company that are no longer needed. It’s difficult to find a job right away after being fired. Companies don’t want to hire someone who…show more content…
If someone gets into a car accident and gets physically injured long-term or becomes disabled, it becomes difficult to do many types of job. In the setup of a modern market economy, there are many factors, which contribute to unemployment. Causes of unemployment are varied and it may be due to the following factors: * Rapid changes in technology * Recessions * Inflation * Disability * Undulating business cycles * Changes in tastes as well as alterations in the climatic conditions. This may in turn lead to decline in demand for certain services as well as products. * Attitude towards employers * Willingness to work * Perception of employees * Employee values * Discriminating factors in the place of work (may include discrimination on the basis of age, class, ethnicity, color and race). * Ability to look for employment Unemployment at any given point of time may be either due to one of the factors mentioned above or a combination of several factors. It has also been observed that if the labor market in the economy does not work in an optimum manner, it leads to unemployment. There are other factors, which point at the tempo of an economic activity in a region. Household Survey Data: The number of unemployed persons, at 14.0 million, was essentially unchanged in September, and the Unemployment rate was 9.1 percent. Since
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