The Main Types of Unemployments Essay

The Main Types of Unemployments Essay

Length: 1183 words (3.4 double-spaced pages)

Rating: Strong Essays

Open Document

Essay Preview

Q1) Identify and explain the main types of unemployment.
Unemployment is formally defined when people are willing to work and have actively searched for it in the past four weeks, but are unable to find a job. There are four main types of unemployment which includes frictional unemployment, cyclical unemployment, structural unemployment, and seasonal unemployment. The first is the frictional unemployment which is when the people are switching their jobs from one occupation to another and during this switch, they enter an unemployment phase. This unemployment is very much natural and cannot be avoided by any regulations since people will always look for better jobs in terms of monetary benefits and intrinsic benefits. For example if a person leaves a job in the expectation that he or she can find a job which better serves for the compensation of its work.
The second type of unemployment is cyclical unemployment which is when the economy is in a state of recession or is at a decline. The aggregate demand of the products is low and since the production is low, therefore the demand for labor is low. The supply of the workers exceeds the demand of labor and hence cyclical unemployment. Cyclical unemployment first occurs when the economy is in the state of recession and the time period of this is unpredictable. After this, cyclical unemployment may reach its peak if the economy enters the state of a slump or depression, or the cyclical unemployment may end if the economy recovers.
The third type of unemployment is structural unemployment which is when the skill level of the job seekers does not match the skill level of the jobs available. This is usually when the economy is going through a structural change that is it may be shifting...

... middle of paper ...

...ore it makes it very difficult for the infant industries to compete with others which a country certainly does not want for its well being. Also, the priority should be to promote the local industries so that the economy as a whole improves and the local industries flourish. In case of free trade, this will not be the case as it would mean that the country will buy from the lowest cost producer even if it is on the expense of a local producer. Therefore the priority is to promote the setting up of local industries so that the local economy as a whole flourishes. Due to these reasons, the free trade agreements have been so difficult to implement even if they are existent.

Works Cited

Edge, K. (n.d.). Free trade and protection: advantages and disadvantages of free trade. Retrieved from HSC Online:

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

The Classification and Main Types of Meteorites Essay

- The Classification and Main Types of Meteorites Many meteorites have been discovered over the years which, in many cases, can give an insight into the creation of the universe. All these meteorites can be grouped together by looking at the various characteristics they have in common, such as the structures of the different meteorites and the isotopic properties of the meteorites. When trying to classify meteorites, they are generally identified as one of the three main groups of meteorites: Iron, Stony and Stony-iron....   [tags: stoney, chondrites and achondrites]

Strong Essays
1425 words (4.1 pages)

The Main Types of Lung Cancer Essay

- ... In this case, however, variable metabolism results in variable levels of harmful DNA adducts, and ultimately to cancer-causing mutations, rather than to adverse effects, as is case from chemotherapeutic treatments. The use of tobacco products continues to be an immense public health problem, and one might argue is the largest voluntary source of human exposure to carcinogens in the world. However, much progress has been made in the past 20 years, not only in understanding mechanisms of tobacco carcinogenesis, but also in tobacco control....   [tags: carcinoma, tobacco, treatment]

Strong Essays
899 words (2.6 pages)

Essay on Structural Unemployment and Cyclical Unemployment in the United States

- Introduction: The high and persistent levels of unemployment in the United States have become one of the most debated topics among economists, policy makers and the unemployed for more than a decade; especially its impact and best approach to resolving the increasing unemployment rates. It is important to note that as much of a global phenomenon unemployment it is, unemployment occurs in numerous forms, economists have broken down unemployment into three main types: Frictional, structural and cyclical....   [tags: Structural vs Cyclical Unemployment]

Strong Essays
2774 words (7.9 pages)

Different Types of Unemployment Essay

- People need money to purchase all kinds of goods and services they needed every day and sometimes, for goods or services they desire to own. To fulfill that, they have the essential need to earn money. In order to earn money, they must work in either in fields related to their interests or to their qualifications. However, people will meet different challenges during their jobs-hunting sessions, such as many candidates competing for a job vacancy; salaries offered are lower than expected salaries and economic crisis or down which causes unemployment....   [tags: frictional, structural, seasonal]

Strong Essays
1050 words (3 pages)

Essay on The Four Main Types of Minority Groups

- ... Members of a minority group often share a visible trait or characteristic that separates them from other groups. Skin color, language, unequal treatment, and involuntary membership are a few of the many characteristics of a minority group (Schaefer). There are four main types of minority groups; racial, ethnic, gender and religion. A racial minority group involves people who are classified according to their obvious physical characteristics, such as skin color. Ethnic minority groups include people who are segregated against on the basis of culture such as language or food....   [tags: Skin color, language, unequal treatment]

Strong Essays
1343 words (3.8 pages)

Three Main Types of Bear in Alaska Essays

- In Alaska there are 3 main types of bears. They are brown bears, black bears, and polar bears. These categories are broken down into different genetics of bear species. The most common bear found in Alaska is the black bear. The black bears are smaller than most bears. They are found in almost all states in the US except Hawaii. Most are found in forest, but some may be found in swamps and mountains. An estimated 100,000 black bears live in Alaska. Black bears in Alaska range from sea level to the wooded forest....   [tags: Alaska, danger, hunting]

Strong Essays
657 words (1.9 pages)

Biology: Main Types of Wnt Pathways Essay

- Introduction Wnt signalling pathways are highly significant protein substances within the body. They are responsible for passing signals across cell membrane receptors from without the cell to within the cell. This communication can occur either among neighbouring cells or within the same cell. The pathways play a regulatory role in that it regulates gene transcription, cytoskeleton, and calcium within the cell. Wnt signalling pathways are unique in that they are similar in several species. The pathways are also associated with embryonic development and carcinogenesis....   [tags: canonical, non-canonical pathways]

Strong Essays
1312 words (3.7 pages)

Essay about Anxiety Disorder and the Different Types

- ... We need to understand more deeply anxiety disorders and therapies proposed to answer this question. First, this essay will review some of many types of anxiety disorders and their descriptions. Second, it will go through the types of psychological therapies. Finally, it will present the effectiveness of certain therapies for each type of anxiety disorders through past cases and studies. Different types of anxiety disorders Phobias Phobia is a disproportionate and intense fear of a specific object or situation....   [tags: coping, disrupts, therapy, types]

Strong Essays
671 words (1.9 pages)

Main Types of Business Ownership Essay

- Different types of ownership of business ranging from the simple to the complex. Here I will cover the main types, outlining the advantages and disadvantages of each leading to a decision on which type of ownership is most appropriate for my business. Types of ownership ================== There are many different types of ownership of business ranging from the simple to the complex. Here I will cover the main types, outlining the advantages and disadvantages of each leading to a decision on which type of ownership is most appropriate for my business....   [tags: Business and Management Studies:]

Strong Essays
2170 words (6.2 pages)

Combating Unemployment in America Essay

- Unemployment has been a problem throughout the United States since the beginning of our economic structure. In the most obvious sense, unemployment means "being without a job." The term unemployment is one description of the economic condition of a society at any given time. Low unemployment means the majority of the labor force is involved in, or looking for steady work. On the other hand, high unemployment is an indication of an economy in recession, or even worse. This implies that a sizable percentage of the labor force is not currently working....   [tags: Economics, Unemployment Essays]

Free Essays
1253 words (3.6 pages)