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Week 13 Unemployment Research Paper

Submitted By
Words 647
Pages 3
Kai Chin
Professor Lassar
English 122
March 1, 2015

Unemployment Unemployment can be used to measure the health of an economy and is a key concept in economics, affecting more than just those who are unemployed. Someone who is unable to find work but is still actively searching is considered unemployed. Although, there is a seemingly odd way of knowing what is and what isn’t considered unemployed as well as knowing that there are multiple types of unemployment and unemployment rates.
There are four types of unemployment, structural unemployment, frictional unemployment, seasonal unemployment, and cyclical unemployment. All of which are key elements in defining unemployment. Structural unemployment is usually when there is advancement in technology or changes in market conditions that overtake certain jobs in the workforce. It correlates with the mismatch of jobs and workers due to a lack of a skill or simply the wrong area desired for work (Experimental). Structural unemployment depends on the social needs of the economy and dynamic …show more content…
Experimental Economics Center, 2006. Web.
06 Mar. 2015.
"Databases, Tables & Calculators by Subject." Bureau of Labor Statistics Data.
N.p., n.d. Web. 23 Feb. 2015.
Katz, Lawrence F. Katz F., Need 10.6 Million More Jobs Today To Get Back To
The Employment Rate (Employment-Population, Ratio) Prevailing Before The Start Of The Great Recession In Late 2007., and Although There Are Increasing Signs Of A Nascent Economic Recovery In The Latest Gdp And. "Long-Term Unemployment in the Great Recession." Long-Term Unemployment in the Great Recession (2010): 2+. Web. 8 Mar. 2015. <http://scholar.harvard.edu/files/lkatz/files/long_term_unemployment_in_the_great_recession.pdf>.
Card, David. "Origins of the Unemployment Rate:
The Lasting Legacy of Measurement without Theory." (2011): 2+. Web. 8 Mar. 2015.

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