Three Types Of Unemployment On Society

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Unemployment is normally defined as the number of adults who are actively looking for work but do not have a job. (Miller) The health of economy is usually measured by unemployment, but most frequently by the unemployment rate. Economists divide unemployment into many different categories, however, the broadest two categories of unemployment are voluntary and involuntary unemployment. When unemployment is voluntary, it means that a person has left his job willingly in search of other employment. When it is involuntary, it means that a person has been fired or laid off and now must look for another job. (Unemployment) From these two categories comes three types of unemployment that have been classified as frictional, structural, and cyclical.
Frictional unemployment is when individuals go from job to job, usually voluntary but can sometimes be from a layoff or a termination. Unfortunately, frictional unemployment is unavoidable and can take time, effort, and the expense from someone looking for employment. Most reasons why this type occurs, is due to unrelated reasons like, moving, taking care of a sick relative, or enough money in savings to live off for a while. The effects of frictional unemployment do not impair the economy, but it does benefit it by allowing companies to …show more content…

From prolong unemployment, it can lead to a person’s standard of living, government assistance, and mental and physical health problems. With these strains, consumerism will go down, which in turn will make society suffer from lower spending. I think solutions to unemployment can be one of several different things. There could more policies in farming and agricultural jobs for short term work. More trade like businesses could open, along with helping more independent business owners. Businesses could also offer more training opportunities with incentives, along with offering different types of

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