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measuring unemployment

  1. The unemployment rate indicates the percentage of the total labor force that is not working, but is actively looking for work. These figures help us understand how the economy is doing. Economist classify unemployment in four types: frictional,structural,cyclical and seasonal.
    Frictional Unemployment is a short term unemployment which includes,people who are unemployed while waiting to start a better job, those re-entering the job market or those entering for the first time.This type of unemployment is always present and has little impact on the economy.
    Structural Unemployment is caused by a mismatch between available jobs and the skills of available workers in an industry or region. Retraining and skill-building programs are often required to reduce structural unemployment.
    Cyclical Unemployment,occurs when a downturn in the business cycle reduces the demand for labor throughout the economy.
    The last type is seasonal unemployment which occurs during specific seasons in certain industries. With the economy the way it is and unemployment at an alltime high percentage rate, the categories are of small consolation to someone who is unemployed, but they do help economist understand the problem of unemployment in our economy.

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  2. Shouldn't this go in your blog? No one is going to read it (for content) here.

    Meanwhile, your blog sits empty.

  3. Indeed there's no a single post in the blog linked to the username. We do not even know which country is being referred to, and the post above does look like blog fodder that ought to have been published on the blog.

  4. She doesn't have time to post on her blog. She's out trying to get employed.

  5. This would be the way professionals in the U.S classify unemployment.
    So there is your blog idea: Explaining economics in laymans' terms.

  6. And then you have the case of Spain, which consistently has an official unemployment rate above 20%, but that figure doesn't take in the millions who earn a living under the table, off the books and not paying into the social security fun funds.

  7. What is it with these people who register a blog, then fail to post anything, or very little, yet try to stir up debate in the forum... why?

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