It stands for jobless or unemployed. Unemployment consists of the labor force (working age) who have no work. Do not confuse the workforce with the inactive population. There are three types of unemployment in peripheral economies are usually four (seasonal unemployment). These types of unemployment are cyclical, structural, frictional and seasonal. Unemployment, unemployed or layoff of employees who can and want to work but cannot find a job. In societies in which most of the population lives working for others, to find a job is a serious problem. Because human costs of deprivation and the feeling of rejection and personal failure, the level of unemployment is commonly used as a measure of the welfare of workers. The proportion of workers unemployed also shows if they are properly leveraging the human resources of the country and serves as an index of economic activity. The problem of unemployment and the need to promote economic development of underdeveloped countries to achieve and maintain occupancy levels comparable with industrial countries, has been the subject of serious consideration to the United Nations. An expert committee of the United Nations economists raised the problem of unemployment to the international level, and outline a series of recommendations for achieving and maintaining levels of production and full employment. Such measures not only considered advisable respective economic policies, but also, entered in considering measures affecting the economic policies of the respective countries at the international level to full employment. Unemployment
One of the main consequences ranging commercial activity is unemployment resulting particularly from the workers, but also of the other factors of production. (Human Resources) Unemployment brings many costs, human distress, loss of dignity, loss of production and savings, the list goes on indefinitely. This is why designers Economic Policies are closely watching unemployment figures published by the Bureau of Labor Statistics, Department of Labor... Unemployment is considered a social prejudice that must be kept to an acceptable level. Determine who is unemployed and who belongs to the workforce is not an easy task. Global economic activity has fluctuations which are known as recessions and expansions. The production of durable goods industries varies more than in service and that in the non-durable goods. Trade fluctuations and duration of unemployment
Total unemployment is divided into three categories: People who remain unemployed less than 5 weeks; of 5 to 14 weeks; and for 15 weeks or more. In fact, the average duration of unemployment is related to the business cycle. In fact much of what is considered as an increase in the unemployment rate is a reflection of increased duration, average unemployment. Unemployment by race, age and sex, the minimum rate is regularly observed among black teenagers. Main types of unemployment
Unemployment is classified into four basic types:
Frictional, Cyclical, Seasonal and Structural.
What is known as frictional unemployment is the continued luxury of people from one job to another, and the group of employees to the unemployed. To the extent that resources are allocated in the market. An important source of productivity improvements is the transfer of workers in sectors of the economy in which labor productivity and wages are low towards sectors which are high. The search for better jobs is the process by which workers find areas where productivity is high, that is, where they can get the most income. Cyclical.-
Cyclical unemployment is related to the business cycle: Basically, recessions and depressions. The way to reduce cyclical unemployment would be to reduce the intensity, duration and frequency of the ups and downs of business. Seasonal.-
Seasonal unemployment is just what its name suggests, comes and goes with the seasons of the year when it rises...
References: N. Gregory Mankiw (2002). Principles of Economics, 2nd Edition. Editorial: MC GRAW-HILL.
Paul Wonnacott and Ronald Wonnacott (1992) Economics, 4th Edition. Editorial: MC GRAW-HILL.
Please join StudyMode to read the full document