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Title: Unemployment
Description: These are just some noted on unemployment within the US, what causes it, what it affects, what it consists of and so on.
Description: These are just some noted on unemployment within the US, what causes it, what it affects, what it consists of and so on.
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Unemployment
● when workers are unemployed, businesses have experienced periods of earning
gless revenue and individuals out of work may lack the ability to contribute to
demand for goods and services
○ unemployment rate
■ the percentage of the labor force thats jobless
● Full employment : no unemployment caused by economic activity
○ even healthy economus have some unemployment
○ individuals could be temp unemployed because they move or leave one
job for another
○ Economist believe that
Type of unemployment
● frictional unemployment
○ temp unemployment experienced by people changing jobs
○ can be caused by an individual moving, retain the workforce after
taking care of children, entering the workforce after school, seeking
a better job
● Seasonal unemployed
○ unemployment linked to seasonal work
○ weather can affect
structural unemployment
a situation in which a worker wants to find a oba but lack the necessary skills to
get the jobs
...
Title: Unemployment
Description: These are just some noted on unemployment within the US, what causes it, what it affects, what it consists of and so on.
Description: These are just some noted on unemployment within the US, what causes it, what it affects, what it consists of and so on.