Types of unemployment

Subject  > Social Science Essays  > Society and community

                  In industrialized countries in which most people can earn a living only by working for others, being unable to find a job is a serious problem. Because of its human costs in deprivation and a feeling of rejection and personal failure, the extent of unemployment is widely used as a measure of workers' welfare. The proportion of workers unemployed also shows how well a nation's human resources are used and serves as an index of economic activity. Economists have described the types of unemployment as frictional, structural, 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 ...

... in physics and mathematics exceeded the number of jobs available in those fields. If employers practice illegal job discrimination against any group because of sex, race, religion, age, or national origin, a high unemployment rate for these workers could result even when jobs are plentiful. Structural unemployment shows up most prominently in some cities, in some occupations or industries, for those with below average educational attainments, and for some other groups in the labor force. The third form of unemployment is cyclical unemployment.         Cyclical unemployment results from a general lack of demand for labor. When the business cycle turns downward, demand for goods and services drops. Consequently, workers are laid off. In the 19th century, the United States experienced

essay continues for another 100 words