Causes of Unemployment Essay

its not having a home to go back to, nor a family to love. Homelessness is caused by three major reasons; unemployment, poverty, and drugs. The initial major reason of homelessness is unemployment. Money defines the life of a person. In other words, with money, one can live a safe and a joyful life. Money is what keeps a family secure. Furthermore, the increased rates of overpopulation also cause people to not find jobs. When a kid sees that his parents cant afford normal daily needs it makes a…

economic decline devastated many leaving many out of job and sending unemployment rates through the roof. “As a major casualty of the Great Recession, employment suffered. With unemployment soaring into the double digits and lingering at an unacceptably high level for several years.” (International Journal of Business) Unemployment was seen at…

lagging housing recovery cities), this economist creates a close relationship between Unemployment Rate and the Average home price change since the housing market bottomed out. Mainly based on percentages and average data, the author states a negative correlation between these two terms (as home price changing percentage increases, unemployment rate decreases; and vice versa). In the leading cities, the average unemployment rate was 7.1%, which is the below the media value (7.4%), and the home…

The higher unemployment rates for black males will eventually cause them to not only give up on themselves, but also on their responsibilities to their wife and children. Black males often find themselves feeling useless and shameful when it comes to their family. They felt like they are unable…

As the population ages, the inflation is less alternative to unemployment. In an aging society, the tolerance of inflation is at a lowland, the trade-off between inflation and unemployment changes in times, this will lead to a serious problem between inflation and unemployment which affects the choice made by central bank. For monetary policy, the relationship between inflation and unemployment has always been a bone of contention. The movements in population structure caused by labor supply,…

Unemployment refers to the number of people who are not working but seeking work (Dixon and O'Mahony, 2015). In the years following the Global Financial Crisis, the unemployment rate in Australia has been hovering from the 5-6% range (Tradingeconomics.com, 2017), which is in the band targeted by the Reserve Bank of Australia. If the rate of unemployment becomes too high, the economy will be impacted by a myriad of negative economic and social consequences. From an economic perspective, a high…

Regardless of the rapid growth and severe instabilities in the labor market, China 's unemployment rate has remained questionably stable at around its current level of 4.1% for the last decade or so. Unemployment rate only increased to 4.3% even when an estimated 20 million migrant workers were laid off during the global economic crisis in 2008. The reason behind this is because the official unemployment figures only includes urban workers who registered themselves as unemployed. Less than two…

Base pay is the employment in covered work over a reference period prior to unemployment. The rights of the benefits remain fixed for a “benefit year”. The base period varies depending on the state. There are some states who classifies the base period to be the first four quarters of the last five completed calendar quarters preceding…

It's understood why uber would work as hard as they could at this technological goal. One big aspect they have failed to recognize is the unemployment rate’s rise that they will cause. Not only uber will cause this rate to rise; however, losing truck drivers, taxi drivers, school bus drivers, and even pizza delivery drivers will all cause America’s unemployment rate to…

3.) What is “natural” about the natural rate of unemployment? Why might the natural rate of unemployment differ across countries? a.) The natural rate of unemployment is described as “natural” because it is beyond the influence of monetary policy created by the Fed. Monetary policy will dictate the money supply, therefore the inflation rate. However, the money supply has no affect on the factors that determine unemployment, such as market power of unions, role of efficiency wages, or the job…