unemployment

2156 Words Sep 11th, 2013 9 Pages
Unemployment

Gina
July 23, 2013
Economics
Word Count: 2,112

Table of Contents

What is unemployment?........................................................................................................................................3

The Causes and Types of Unemployment……………....................................................................................................................................3-5

Effects of Unemployment..................................................................................................................................6-9
…show more content…
This case applies mostly to regional unemployment. This is when a particular, local region is not demanding a good or do not have the good anymore; therefore, not needing the workers of that expertise (Economicsonline.co.uk). Miners fit in this category because precious minerals are in quantities. When there is no more, there is no need for their job. However, regional unemployment does not apply to the sudden stop of work because of seasons. Seasonal unemployment, usually seen in the agricultural sector, is when there is a fixed unemployment period where there is not work, but work is expected in the future (Economicsonline.co.uk). Certain fruits and like pomegranate and mangoes only appear during a season. When the trees are ‘not in season’ then they are only to be cultured with water or other agricultural techniques. This requires the least amount of workers because a machine can do this ran by one person.
The third type of unemployment is cyclical unemployment. This type of unemployment comes from the business cycle. The business cycle has four phases: expansion, boom, recession, and depression. Cyclical unemployment comes from the recession phase. When there is unemployment due to an insufficient demand for workers, then it is known as cyclical unemployment (Dwivedi, 496). In technical terms, people lose their jobs because there is a decrease in aggregate demand

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