Category: Unemployment

The problem under investigation is the fact that the unemployment rate among people in the 18-25 age group is higher than any other age group in Canadian society. This issue proves that there is a necessity to consider some ways to make the discussed population work and improve their socioeconomic status, which also affects the…

Table of Contents Introduction Main body Conclusion References Introduction The U.S. Bureau of Labor Statistics (2018a) published a short article that reports the results of the analysis of the changes in the nonfarm payroll employment in metropolitan areas for the year ending February 2018 (para. 1). The article does not include a detailed description of…

For the purposes of this work, the article on long-term unemployment was chosen. It uses a number of line graphs as a part of its narrative, as a way to reinforce and explain its central point. The first graph displays long-term unemployment trends from 1900 to 2022. The X axis is used for tracking years,…

Table of Contents Introduction Discussion Summary References Introduction Unemployment is a serious problem in the modern world since it has social and economic consequences for individuals and the country. Crises and disruptions in the states economy can lead to the fact that it will no longer be able to create a sufficient number of jobs…

People need a sufficient income to procure a life of full value, not to mention that self-realization is necessary for stable mental health. However, young people sometimes do not manage to find an occupation when they are at a mature age. The problem of youth unemployment has become a global socio-economic issue nowadays. The current…

Although the United States has one of the highest economic indicators globally, thousands of Americans are unemployed across the country. Despite the official national records, an actual level of unemployment is persistently high and can be a severe threat if government officials will not adopt necessary measures. Acknowledging the severity of the unemployment rate and…

Table of Contents Introduction Frictional unemployment Hyperinflation Conclusion References Introduction There are numerous definitions of frictional unemployment. It is essential to note that many of those definitions describe frictional unemployment and its elements. Frictional unemployment is also known as voluntary unemployment. It occurs in instances whereby the employed individuals have a continued habit of changing…

Explain clearly how the natural rate of unemployment is determined in a wage-setting and price-setting model of the labor market In determining the natural rate of unemployment, analysts focus on evaluating price and wage settings in the labor market. In this regard, they analyze price relations within the scope of an imperfectly competitive market. Analyses…

The state of the American economy is getting closer to full employment, whereas the unemployment rates (as of 2017) remain to be approximately 4.4%. The current unemployment rates are one of the lowest if compared to other unemployment rates of the 2000s. They do not seem to be growing; therefore, deficit spending that is usually…

The youth, according to the United Nations (UN), consists of people between the age groups of fifteen to twenty-four, with both the years inclusive. In normal practice, however, the definition tends to vary based on the political, cultural, and institutional cultures. In Britain, the term youth refers to those people within the age group of…