Unemployment Is A Major Issue - 1021 Words

Unemployment is a major issue in almost every country in the world, it comes from the state of being unemployed, being unemployed means you are willing and able to work but cannot find a job for job related reasons. There are many causes of unemployment but the main ones are cyclical, frictional, structural, seasonal (Gillepsie, 2011). Cyclical unemployment occurs from economic downturns such as recessions, when there is a recession a company might want to eliminate some workers so that they would cut down costs so that’s how the unemployment occurs. Seasonal unemployment is unemployment due to variations in the seasons, for example, farmers who grown strawberries, because strawberries are summer fruits they only grow in the summer so the farmers would be unemployed throughout the whole year except for the summer and they wont be able to help it only if they start farming crops that would grow throughout the year. Frictional unemployment occurs due to â€Å"moving from one jo b to another† (Pennington, 2008). Structural unemployment happens when there is a change in the economy for example a change in technology; technology plays a huge role in our lives today and nowadays machines are replacing human labour so that causes unemployment. Unemployment results in discouraged workers and marginally attached workers. Marginally attached workers are people who once held productive jobs but have stopped looking for work and discouraged workers are a subset of marginally attached workersShow MoreRelatedPursuing An Undergraduate Degree1339 Words   |  6 PagesSo it turns out your student wants to major in art; what a terrible misfortune. After all, it is clear that there are no career prospects in this field due to the high unemployment rates. If by some miracle your student does somehow manage to get a job, they’ll be making pennies, and will probably end up living in your basement. Nobody wants to pay thousands of dollars for a degree that will s end your student right back to your basement. Dramatized thought patterns like this one demonstrate someRead MoreCauses Of Unemployment Essay1093 Words   |  5 PagesUnemployment is one the major economic problems which are affecting most of the countries in the world especially the developing countries. Unemployment is a phenomenon where a person is actively searching for employment, but they are unable to find it. There are two immediate factors causing unemployment, which include voluntary and involuntary unemployment. Voluntary unemployment majorly arises as a result of an individual leaving the current job to search for another work. This unemployment mayRead MoreCurrent State Of The U.s. Economy1342 Words   |  6 Pagesnation’s economy plays a vital role in how a nation operates. The United States economy faces a large variety of problems in this paper; we will focus on 4 major economic problems, unemployment, inequality, federal debt, and the financial/credit market. All four issues are interconnected in some w ay with deep social and economic implications. These issues were emphasized during the Great Recession that hit the U.S. economy in 2007.In the following paper, we will look at each of the four topics individuallyRead MoreUnemployment : A Social And An Economic Threat1127 Words   |  5 Pagesthe current world, there are many social issues such as vandalism, racism, obesity and prejudice. However, unemployment has become the most histrionic one. Unemployment is both a social and an economic condition. Unemployment is the state where individuals seeking jobs remain un-hired. Unemployment is a global reality where both the developing and developed countries suffer from it. As time goes the condition of unemployment is being worse. Unemployment has become both a social development andRead MoreUnemployment And Its Impact On Hospitality Industry Essay1079 Words   |  5 Pages1.1. Introduction Over the last few years, unemployment rates in hospitality industry in south east Spain has continued to grow despite the industry registering increase in the number of tourists arriving in that region. This has resulted in socioeconomic problems that cause stress to the economy and the country at large. It is obvious that there is an urgent need to reverse this trend in order to stem this problem and avoid escalation of the socioeconomic problems to unmanageable levels. The motivationRead MoreA Brief Note On Unemployment And Its Impact On The Economy958 Words   |  4 PagesIntroduction Unemployment is a global issue considering its overall impact on the economy. The main purpose of the analysis is to identify and analyze the causes and effects of unemployment in the global economy and provide possible solutions for it. By definition, unemployment occurs when a person who is actively searching for employment is unable to find work. It is often used as a measure of the health of the economy. The most common measure of unemployment is the unemployment rate. II. KeyRead MoreUnemployment is Harmful to the Health and Well-being of Families597 Words   |  3 PagesSummary The unemployment rate remains substantially high. There are several contributing factors to consider why the unemployment rate remains so high. The unemployment rate has a lasting effect on people who have families to support. This document will review the different ways unemployment could be harmful to the health and well-being on families and of people. A weak economy is why todays unemployment crisis continues to grow and this affects people and their families. The MainRead MoreProblems Caused By Overpopulation Is The Rise Of A Place Populated With Excessively Large Numbers879 Words   |  4 PagesProblems Caused by Overpopulation in Cities Overpopulation is ‘The condition of a place populated with excessively large numbers’. It is considered a problem in many senses, since it causes a number of issues for various different reasons. One major issue caused by overpopulation is the rise of unemployment. This is when people actively seeking employment or just people that are able to work remain unemployed. Overpopulation causes this because the amount of jobs available would be the same as beforeRead MoreThe US Economy722 Words   |  3 Pagesrecovery from the recession of 2008-09. The current unemployment rate is 7.7%, which is the lowest level since December of 2008 (BLS, 2012). However, this rate is believed to higher than the rate that would occur if the economy was operating at peak efficiency, and it is also believed that there are structural issues still underpinning this performance. For example, the number of Americans who have exited the work force as the result of prolonged unemployment is believed to be higher than usual. In additionRead MoreVarious Types of Unemployment711 Words   |  3 PagesUnemployment Unemployment has been a major problem that many of the nations find themselves in. United States is not an exception, citizens have complained to the government for lack of job and have demanded for a quick and strategic action to be taken to solve the problem, however unemployment is an issue that cannot be completely solved because of the many aspects that has to be considered by different stakeholders. There are basically three types of unemployment: Frictional unemployment-this