Show the different kinds of unemployment, Macroeconomics

Assignment Help:

Q. Show the Different kinds of unemployment?

All unemployed individuals are presumed to belong to exactly one of these categories so that if we sum unemployment from each category we would get the total unemployment. We define unemployment rate for the above categories for example we define the frictional unemployment rate as frictional unemployment divided by the total labor force and in the same way for the other categories.   

Clearly it is often tough to determine exactly which category an unemployed individual belongs to and official measures of unemployment in each category don't exist. 

Nevertheless, this classification is very convenient in economics. If unemployment increases in a certain city because of a firm relocating production, its structural unemployment that increases (originally, part of it is frictional), and if unemployment increases owing to a recession, it's the cyclical unemployment which has increased. Knowing what kind of unemployment is currently present is significant when considering what kind of measures to take to lower unemployment.

573_Show the Different kinds of unemployment.png

Figure: Different kinds of unemployment


Related Discussions:- Show the different kinds of unemployment

Explain the problem involved in consumer price index, Q. Explain the proble...

Q. Explain the problem involved in consumer price Index? To explain the problems involved in calculating CPI we consider MP3 players. If you measure the average price of MP3 pl

Demand analysis, how the demand of pizzas in pizza hut affecting the market...

how the demand of pizzas in pizza hut affecting the market of fast food

Large department store, Suppose in a large department store, the average nu...

Suppose in a large department store, the average number of shoppers is 448, with a standard deviation of 21 shoppers. We are interested in the probability that a random sample of 4

Market index for small cap stocks, The Russell 2000 is a market index for s...

The Russell 2000 is a market index for small cap stocks - What do these changes in P/E ratios over last year tell you about current valuation in small caps and the different market

State the term national income statistics, State the term National income s...

State the term National income statistics National income statistics underestimate the true level of economic activity, and as people's living standards, because the non-moneti

ENC 312, what have you learned from the class

what have you learned from the class

What are the types of market economies, There are 4 main types of market ec...

There are 4 main types of market economies. They are also called as Economic Systems. The four are Free Market, Mixed Market, Traditional and Command Economy

Marginal, using the marginal utility theory explain the consumption patten ...

using the marginal utility theory explain the consumption patten of consumers

What are the central bank overnight interest rates, What are the Central ba...

What are the Central bank overnight interest rates The overnight interest rate is an important interest rate for a central bank and it has methods of influencing this rate. In

How not to justify say''s law, At first, Say's Law may seem 'obvious'. Thou...

At first, Say's Law may seem 'obvious'. Though, it's not - actually, it's highly controversial. The reason it may seem obvious is that you have perhaps learned from microeconomics

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd