unemployment

There are three different kinds of unemployment that affect our economy: frictional, cyclical and structural. Frictional unemployment occurs when there is a time laps between being employed and looking for work. This term can also be referred to as search employment because it is the time spent searching for a place of employment. One example of this would be a student taking time off of work to finish college and get a 4 year degree. Usually, it takes a lot of time and dedication to finish the last years of school, so some students tend to go to school full time and work part time or not at all. This type of unemployment is also classified as voluntary unemployment because this period of unemployment is at the discretion of the person to some small degree. Secondly, there is cyclical unemployment which changes depending on the business need; for example, workers are laid off when business is bad - then

Attending college or pursuing a higher education is worth it because a degree ensures a stable, well paying job and provides a better quality of life. In Document A, “Earning and Unemployment Rates Based on Educational Attainment, 2015” compiled by the United States Bureau of Labor Statistics, a higher educational degree, such as a Doctorate or Professional degree, corresponded to a lower unemployment rate with a higher pay, while little to no educational degree corresponded to a higher unemployment rate with a lower pay. This means people who received a college degree had a better chance of finding and retaining a well-paying job because they are typically skilled in one profession that cannot easily be replaced, such as a doctor or engineer.

Firstly Cyclical unemployment or demand deficient unemployment is caused by a lack of spending throughout the economy and generally affects all sectors of the economy because spending is falling. To overcome this, the government needs to introduce policies which seek to boost spending throughout the economy. An example would be a loosening of monetary policy and cutting interest rates which make borrowing for individuals and businesses cheaper. They borrow money which is then spent in the economy which

Marcelle was laid off from automobile manufacturing firm because the economy had taken a bad turn. This type of unemployment in this case refers to cyclical unemployment. This type of unemployment emerges due to ups and downs in economic activities. When economic activities are at their highest level, describes as economic boom, cyclical unemployment will be low. The economy enters a recession, but it only temporary so as soon as the market picks back up he be able to find a job. On top of that benefits would be tight as well as many people our out of the job.

E.g. Cyclone Debbie, which tore down many banana plantations in Queensland, rendering those farmers who worked there and were unable to work after the cyclone were/are seasonally unemployed as the environmental conditions do not suit their needs.

The word unemployment is a phenomenon that arises the minute an individual who is actively searching for employment is incapable to find work. Unemployment is calculated by dividing the number of unemployed people by the total number of workforce. It is mostly represented in percentage. There are three types of unemployment:

One of the most self-explanatory of the four types of unemployment, is seasonal. Seasonal unemployment is defined as, “periodic unemployment created by seasonal variations in particular industries, especially industries such as construction that are affected by the weather.” Some of the jobs that can cause individuals to fall victim to seasonal unemployment are life guards, umpires, landscapers, amusement park employees, farmers and fishermen. All of these jobs have particular times during the year where their occupation thrives, but consequently, also experience extreme down times when the weather is not as ideal. This type of unemployment is not something that can be fixed unfortunately. It will always be present as long as the seasons continue to change.

Unemployment is a waste because it should be count as a loss all the goods and services those unemployed workers could have produced if they had been working (McConnell, Brue, & Flynn 2009). Unemployment is divided into three category; frictional which arises from labor turnover, structural which arises from technological advances, and cyclical which arises from economic recession (Parkin, 2010).

Throughout history, economies have experienced times of high growth and low unemployment as well as times of little or negative growth and high unemployment. It is controversial whether or not these instances occurred from regular fluctuations in the market. These alternating up and down fluctuations typically occur over several years, with each individual cycle varying in length and intensity. These fluctuations are known as business cycles, which have four phases. When the cycle is at its peak, the economy is nearly at full employment and the economy is producing at or nearly at full

However, life has changed, globalization and feminism have had a huge impact on the work environment all around the world. Technology has also made many jobs easier, yet very, very similar. Because of these changes, unemployment has become an issue all around the globe. The government views the unemployment situation as an individual problem.  From the government’s perspective, unemployment is due to the lack of training of the individual.  However, because

There are two main types of factors affecting the level of unemployment in Australia. When the national expenditure (aggregate demand) and production (gross domestic product) levels are frail as occurs during recessions or depressions, weak aggregate demand-side conditions happens causing cyclical unemployment. It vanishes when the economy is strong. Due to cyclical plummet in total spending on Australian production, sales of goods and services are depressed causing the level of unsold business stocks to rise. Eventually, firms decides to cut output levels to prevent surplus/overproduction. As a result, demand

The next important step is to determine whether this unemployment is cyclical and due to the periodic nature of the business cycle or structural, meaning

Timing of the business cycle is not predictable, but its phases seem to be. Many economists site four phases—prosperity, liquidation, depression, and recovery. During a period of prosperity, a rise in production leads to increases in employment, wages, and profits. Obstacles then begin to obstruct further expansion. Production costs can increase, helping create a rise in prices, and

Confusion about who the employer is Low wages Other - TO CONTINUE WITH EMPLOYEES, GO TO Q.26

The most controversial subject of economic turmoil, is the unemployment factor. In most of today’s unemployment terms, we are often limited to those that are actively seeking employment when numbers are counted. The one thing that is not looked at, is once someone has given up on finding employment or has settled for a less than opportune place of employment, the adjudication factors heavily on personal levels, rather that economic levels. The Great Depression was one of the most torturous, destructive time during what was a time of lost hope and failure. Piven and Cloward go in-depth with the scarcities and hatred that led to the demise of many families, orphaned children and relentless appeals by groups to help those less fortunate. One cannot fathom the suffering that went on for more than a decade before recovery for the economy as a whole, but learning from those mistakes, has probably made it easier for a quicker turnaround and more economical choices. The unemployed workers movement is a more intense than that of a walk out, it was a shakedown to be reckoned with. It was time to organize.