Question

Write an article on Unemployment​

Answer 1

Answer:

HERE IS YOUR ANSWER

Explanation:

As a matter of fact, there are a lot of the meanings of unemployment. Generally, “unemployment” is a state of the people who are without work, seeking jobs or not looking for works. Moreover, we have two ways to express the amount of unemployment, in terms of: a number and a percentage.

Unemployment can be estimated as a rate of two numbers: amount of jobless people in labor force and total number of labor force. Claimant and Standardized are two means of estimating unemployment rates. However, collected information can be influenced by many factors: false claimants, demoralized work-seekers, part-time employees, and underground economy, etc.

In a labor market, wages would adjust to make the supply of labor and the demand for labor would be equal. There are two main types: equilibrium unemployment and disequilibrium unemployment. Moreover, more workers tend to find a job and work so that the demand is not enough to satisfy the needs. As a result of that, unemployment occurs in the market. Equilibrium level of unemployment happens when the number of workers who ready to take their jobs is lower than the total number of the labor force.

There are three types of disequilibrium unemployment: real wages unemployment, demand- deficient unemployment and growth in the labor supply. Demand – deficient is one of the most factor which influences on the economy growth quickly because of the recession. The recession just happens in a short time but in fact, It will change many factors such as workers are difficult to get a job or the country’s GDP fall rapidly.

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