Unemployment

Part I of Essay
In industrialized countries in which most people can earn a living only by working for others, being unable to find a job is a serious problem. Because of its human costs in deprivation and a feeling of rejection and personal failure, the extent of is widely used as a meas ....

Part II of Essay
.... at any particular time are employed one month later. This means that a considerable degree of unemployment in the United States is frictional and lasts only a short time. This type of unemployment could be reduced somewhat by more efficient placement services. When workers are free to quit their jobs, some frictional unemployment will always be present. The second form of Unemployment is structural unemployment. Structural unemployment arises from an imbalance between the kinds of workers wanted by employers and the kinds of ....