Unemployment
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Title: Unemployment

Essay Details:

Subject: Business
Author: Jean H
Date: January 9, 2011
Level: University
Grade: B
Length: 3 / 623

Essay text:

The proportion of workers unemployed also shows how well a nation's human resources are used and serves as an index of economic activity. Economists have described the types of unemployment as frictional, structural, and cyclical. The first form of unemployment is Frictional unemployment. Frictional unemployment arises because workers seeking jobs do not find them immediately. While looking for work they are counted as unemployed. The amount of frictional unemployment depends on the frequency with which workers change jobs and the time it takes to find new ones. Job changes occur often in the United States...

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