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Unemployment Rate. The national unemployment rate fell to 4.4 percent in
October the lowest level of unemployment since May 2001. ...
Unemployment. Unemployment In ... Economists have described the types of
unemployment as frictional, structural, and cyclical. The first ...
Unemployment In Australia And Policies To Reduce It. ... The same reasoning could be
applied to explain our recent decline in the natural unemployment rate. ...
unemployment. ... Unemployment is widely used as a measure of workers' welfare because
of the human costs and feelings of rejection and personal failure. ...
Unemployment. Unemployment By getting the proper education and applying for a job,
our unemployment has a good chance of decreasing a fair amount. ...
Submitted by twilson11 on October 28, 2007
Category: Social Issues
Words: 3348 | Pages: 14
Views: 300
Popularity Rank: 37,749
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Unemployment
In compiling unemployment statistics for the United States and other developed countries, an unemployed person is defined as anyone who is capable of working and is actively seeking work but is unable to find a job. Before a person can be unemployed in this sense, he must be an active member of the labor force in search of a job. Students and homemakers do perform "work", but they are not considered employed unless they are paid. However, they are not considered unemployed unless they are actively seeking jobs.
In societies in which a majority of the citizens are able to earn a living by working for others, being unable to locate and obtain a job is a very serious problem. Unemployment is widely used as a measure of workers' welfare because of the human costs and feelings of rejection and personal failure. The number of workers unemployed also shows how well a nation's human resources are used and serves as an index of economic activity. The civilian labor force comprises the total of all civilians classified as employed or unemployed. The total labor force also includes members of the Armed Forces stationed either in the US or abroad. The unemployment rate represents the number unemployed as a percent of the civilian labor force.
Unemployment can be divided by the percent of the civilian labor into four types known as frictional, structural, seasonal, and cyclical. The first form of unemployment is frictional unemployment. Frictional unemployment arises because workers seeking jobs do not find them immediately. While looking for work they are counted as unemployed. This could happen if suppose a person loses a job, perhaps because the work is finished. For example a construction craftsman when the job is finished; or it could happen to an actor or actress when the show closes. It will ordinarily take some time before that person finds another job. But while construction workers and entertainers can ordinarily expect to...
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