Economics

DEFINITION ? the laid-off ar those individuals who do non currently comport a suppose but who are sounding for snip ? individuals who looked for work in the past but are not aspect currently are not counted as unemployed ? the employed are individuals who currently have jobs Thus,employed + unemployed = ram force ? hoi polloi who are not working and are not looking for work are not considered to be in the labour force such as a full- clipping student, homemaker, or retiree is not in the labour force ? discouraged workers in any case not included in the official count of the unemployed as they are workers who left the labour force because they could not find jobs [pic] Types of unemployment ? unemployment can be classified into 4 types: 1.

frictional unemployment ? unemployment that occurs naturally during the normal workings of an economy ? can occur for a variety of reasons such as people change jobs, run away across the country, search for new opportunities or take their time after they enter the labour force to find suspend job ? arises because it takes time for workers to be matched with suitable jobs ? during this time , workers engaged in a job search will be registered as unemployed ? the problem is that information is imperfect ? Employers are not in full certified about what labour is available . ? Workers are not fully informed about what jobs are available . ? To remedy frictional unemployment - better job information provided by government job centres , local and national newspaper . 2. Structural unemployment ? arises from changes in the prescript of beg and supply in the economy ? Pattern of demand - declining demand - change in consumer tastes , goods out of fashion , competition from new(prenominal) industries , etc.... If you want to get a full essay, order it on our website: Ordercustompaper.com

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