I am unemployed and the unemployment rate is figured by the percentage of unemployed in the labor market
Oh, I'm in the same boat there, haha. What's the percentage at now, then?
Not sure? I know during a recession unemployment s higher so maybe we will find jobs
ygg
There is a lot of debate and conflict over what the causes of unemployment is these days
Oh I see. Has unemployment been declining or increasing?
were without a job in 2012.
Definitions, types, and theories.
The state of being without any work yet looking for work is called unemployment. Economists distinguish between various overlapping types of and theories of unemployment, including cyclical or Keynesian unemployment, frictional unemployment, structural unemployment and classical unemployment. Some additional types of unemployment that are occasionally mentioned are seasonal unemployment, hardcore unemployment, and hidden unemployment.
Though there have been several definitions of "voluntary" and "involuntary unemployment" in the economics literature, a
of their own work and how that compares to current wage rates plus the time and effort required to find a job. Causes and solutions for frictional unemployment often address job entry threshold and wage rates.
The unemployment rate is a measure of the prevalence of unemployment and it is calculated as a percentage by dividing the number of unemployed individuals by all individuals currently in the labor force. During periods of recession, an economy usually experiences a relatively high unemployment rate. Millions of people globally or 6% of the world's workforce