Causes And Effects Of Unemployment

Unemployment

Historically, unemployment rates has been an important issue for the population and companies. People use to be hire and get fired and the reason why that happens is a constant problem for every nation. There are many factors that contribute to unemployment level and the study of those factors is a worldwide concern for every country. Each nation have their own statistics and the way they front the situation change for many aspects. It is a reality that unemployment is a measure of the standard of living of a country, those nations with higher unemployment rates tend to have less accumulation of gross domestic product and vice versa, that is why the fight of every country for overcome the effects of unemployment guide them to create

Those who are available for work and are persistent in their search for a job but have not found anything yet and those that are waiting for the answer of an employer to be rehired are considered to be unemployed, but those who are on vacation, sick or are full time students, homemakers or retirees are not unemployed. There is a third category for the last three ones that is named: No in the labor force.

Governments use many ways and indicatives to measure unemployment rates, they compare monthly and annuals records to determine the cause and consequences of the whole dilemma. Some of the parameters that are rated and that somehow contribute to understand and analyze joblessness are the followings: labor force, unemployment rate and labor-force participation rate. Those parameters are highly studied and their meaning helps to understand the behavior of a nation inactive people.

The natural rate of unemployment is a factor that set the normal rate of unemployment without taking fluctuations in account and the cyclical unemployment is the deviation of the media. Those parameters are important to study the short run and the long run variations of the

He explained that he has been hardly looking for new job offers without a successful result. In that case, Marcelle is an eligible candidate to receive unemployment insurance. He is granted to receive at least fifty percent of the salary he was receiving in his previous job for twenty six weeks. Thanks to that help, he would be backup for some time until he finds a new job. Of course, he have to adjust expenditures as most as he can and also be tireless in his search for job opportunities because the government money is not enough to supply the average income of a worker. The second person is Dominic, he was a full time employee in Cincinnati who voluntarily quick to his job because he had plans to move to a new place. Under those circumstances, Dominic is not eligible to receive the unemployment insurance. He has not the basic requirements to be consider for a government help, that’s why his intentions to get a new job in his new town must be a first order priority. He will not receive any benefit so he must live using his saving or maybe a loan from other person or from a financial