Employment, Macroeconomics

 

Employment 

Full employment of human and non-human resources or at least minimization of unemployment is an accepted goal of macroeconomic policy. Also the best way to alleviate poverty is to provide gainful employment to the poor.

The rate of unemployment is simply the fraction or percentage of workforce that has no gainful employment. Unfortunately there are several definitional and measurement problems. Who constitutes the labor force? One answer could be: all those who want to work. But some are not permitted by law to be employed. Some who are eligible would like to work but are not actively searching for employment. Some will accept employment only under certain conditions. All these difficulties render the definition of labor force itself problematic. Then again when is a person 'unemployed'? Some are partially employed, some get sporadic employment on daily basis, some have offers of employment but are waiting for a better offer, some are in transition from one job to another. 

Despite these difficulties statisticians and economists have devised fairly good measures for labor force and unemployment. To implement these measures and estimate unemployment is a tough task. We will examine it briefly later.

One must also keep in mind that unemployment has regional, temporal and occupational dimensions. A substantial overall rate of unemployment is quite compatible with shortages of labor with specific skills or in a particular region or at a particular time of the year. 

Posted Date: 9/11/2012 6:43:07 AM | Location : United States







Related Discussions:- Employment, Assignment Help, Ask Question on Employment, Get Answer, Expert's Help, Employment Discussions

Write discussion on Employment
Your posts are moderated
Related Questions
This problem revolves around determining the LM curve, as we did earlier in the term such that money demand (M D ) equals money supply (M S ), however in this instance under differ

Employment  Full employment of human and non-human resources or at least minimization of unemployment is an accepted goal of macroeconomic policy. Also the best way to alleviat


When the reserve requirement changes, which of the following will change in the total banking system?  (Answer change or No Change) Transaction Deposits Total Reserves Req

Elplain the casual factors of the traditional business cycle and its effects on sectors of the economy

Explain about economic cycle The economic cycle is a period of approximately 6 or 7 years in which the economy completes a cycle of downturn, recovery, recession, and boom. A p

Q1. The poorest countries in the world have a per capita income of about $600 today. We can reasonably assume that it is nearly impossible to live on an income below half this leve

In 2001, Puerto Rico enacted a law that requires specific labels on cement sold in Puerto Rico and imposes fines for any violations of these requirements. The law prohibits the sal

Charge is distributed with constant volume density D throughout the rectangular box with length a, width b and height c.  a) what is the monopole moment of this system. b) What i

Consider Gold-Bernstein's Integration roadmap (p. 18).  Construct two business examples, one that clearly calls for a strategic integration effort and the other that call