Unemployment Free Essay, Term Paper and Book Report
UNEMPLOYMENT
According to all economics, one who is willing to work at a prevailing wage rate yet is unable to find a paying job is considered to be unemployed. A person who is able to do job, but is not able to get a job at willing wages rate. The terms unemployment and unemployed are sometimes used to refer to other inputs to production that are not being fully used. But there are several different ways or methods for measuring number of unemployment. There are three ways of to describe the types of unemployment as frictional, cyclical, and structural.
As I mention above that there are three way of unemployment, firstly I will talk about the frictional unemployment. A person is willing or able to do work but he is not able to find a Job or work immediately. When he is finding a work is known as a unemployment. For e.g.: a fresh graduate student or a work working but he quit his job, some unemployment is called frictional unemployment. This type of unemployment could be reduced somewhat by more efficient placement services.
Cyclical unemployment is another accepts of unem......
Word Count: 376
Page Count: 1.5 (250 words a page / double spaced)
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