When someone is unemployed, the obviously don't have a job, so they don't get a paycheck. Which means the people who have a job and work hard have to support the unemployed people with our tax money, or they could get on the Welfare System. There is alot of unemployment these days in this terrible economy and right now we are so far in debt it's not even funny.
It makes the world suck
The nation has a higher number of productive resources when the unemployment rate is low.
socio cultural statuses of an individual, wages, unemployment and economy
the panic of 1837 affected the nations economy by entering an economic depression where the business and unemployment fell to a very low level.
There are several factors that can improve the economy. The biggest factor that can improve and economy is a low unemployment factor. When unemployment is falling the economy usually improves.
Unemployment in the U.S is a huge issue.
Macroeconomic factors are the factors which affect the wider economy. In other words these factors seems to summarize the picture of economy. For example, unemployment, inflation rates, GDP etc. All these tell us about the story of whole economy.
Full employment doesn't mean that there is zero unemployment. Full employment only means that the economy is operating at full employment because there is only structural unemployment, frictional unemployment, and seasonal unemployment. Remaining unemployment is cyclical. Even when an economy is working properly, it will experience frictional, seasonal, and structural unemployment. (gp)
No it macro environment
5.4% when the economy is good. 9.5% when the economy is in a recession.
Full employment doesn't mean that there is zero unemployment. Full employment only means that the economy is operating at full employment because there is only structural unemployment, frictional unemployment, and seasonal unemployment. Remaining unemployment is cyclical. Even when an economy is working properly, it will experience frictional, seasonal, and structural unemployment. (gp)
There are 5 different types of unemployment: Frictional, Seasonal, Cyclical, Hardcore (or longterm) and Structural. The only type of unemployment that can be fixed or conrolled is Cyclical unemployment, due to fluctuations or recession in the business cyle. Cyclical unemployment causes employers to cut down workers, due to cost cuttings because there is a recession. Everything else is natural.
Environmental-protection laws can be bad for the economy because they may increase unemployment.