Category: Unemployment

The problem under investigation is the fact that “the unemployment rate among people in the 18-25 age group is higher than any other age group in Canadian society.” This issue proves that there is a necessity to consider some ways to make the discussed population work and improve their socioeconomic status, which also affects the…

In the context of the global economic crisis, the problem of the employment of the population becomes urgent. The unemployment rate is an economic index, one of the main indicators in the labor market. It reflects the relationship between unemployed citizens in society and those who have regular jobs. This phenomenon is highly dependent on…

Unemployment is unevenly distributed across the U.S. population (OpenStax, 2018). For instance, with regards to race, racial minorities tend to be faced with higher unemployment rates as compared to Caucasians. On the other hand, in the past, the unemployment rates of men used to be lower than that of women, however, in the recent decades,…

Table of Contents Introduction Main body Conclusion References Introduction The U.S. Bureau of Labor Statistics (2018a) published a short article that reports the results of the analysis of the changes in the “nonfarm payroll employment” in metropolitan areas “for the year ending February 2018” (para. 1). The article does not include a detailed description of…

For the purposes of this work, the article on long-term unemployment was chosen. It uses a number of line graphs as a part of its narrative, as a way to reinforce and explain its central point. The first graph displays long-term unemployment trends from 1900 to 2022. The X axis is used for tracking years,…

Table of Contents Introduction Discussion Summary References Introduction Unemployment is a serious problem in the modern world since it has social and economic consequences for individuals and the country. Crises and disruptions in the state’s economy can lead to the fact that it will no longer be able to create a sufficient number of jobs…

Although the United States has one of the highest economic indicators globally, thousands of Americans are unemployed across the country. Despite the official national records, an actual level of unemployment is persistently high and can be a severe threat if government officials will not adopt necessary measures. Acknowledging the severity of the unemployment rate and…

People need a sufficient income to procure a life of full value, not to mention that self-realization is necessary for stable mental health. However, young people sometimes do not manage to find an occupation when they are at a mature age. The problem of youth unemployment has become a global socio-economic issue nowadays. The current…

Unemployment has been an essential aspect of the country’s economy because the unemployed labor force cannot pay taxes or perform other activities beneficial to the economy. However, it has been debated that the unemployment rate is an imperfect measure of joblessness in the country. The unemployment rate is imperfect because the gathered data might not…

Table of Contents Introduction Frictional unemployment Hyperinflation Conclusion References Introduction There are numerous definitions of frictional unemployment. It is essential to note that many of those definitions describe frictional unemployment and its elements. Frictional unemployment is also known as voluntary unemployment. It occurs in instances whereby the employed individuals have a continued habit of changing…