As unemployment is defined in economics, one who is willing and able to work but cannot find a placement within the work force they find there skills become out dated and they further find it difficult to enter the labour market. This leads, if they do not retrain effectively, to them being unwanted by the labour market. Due to this, the long term unemployed tend to have unhealthier life styles. Firstly due to the lack of mobility and excess of leisure time. Secondly ,due to the reduce income of living off welfare benefits, they will only be able to purchase cheaper food stuffs and hence consume greater amounts of fats and salts. This will inevitably lead to health problems in the long term and a reduced life expectancy. For those who choose to be unemployed, the voluntary unemployed tend to be the wealthy and they will continue to live with a high standard of living.
In conclusion for the ordinary person who is unemployed, through inability to find work, unemployment will have a negative effect on their life.
The higher the literacy rate, the higher the standard of living
yes
yes
high standard of living= high GDP and vice versa
The nation has a higher number of productive resources when the unemployment rate is low.
Unions may affect the natural rate of unemployment via the effect on insiders and outsiders. Because unions raise the wage above the equilibrium level, the quantity of labor demanded declines while the quantity supplied of labor rises, so there is unemployment.
The higher the standard of living the greater the literacy rate
The higher the standard of living the greater the literacy rate
According to the BLS current population survey the unemployment rate in Texas is 6.4%. There are 815,725 unemployed persons currently living in Texas.
standard of living depend on employment
What is the national unemployment rate
The Official Unemployment rate (U-3) in US for August 2011 was 9.1.Below are the other unemployment rates in US for August 2011 :U-1 Unemployment rate : 5.4U-2 Unemployment rate : 5.3U-3 Unemployment rate : 9.1U-4 Unemployment rate : 9.7U-5 Unemployment rate : 10.6U-6 Unemployment rate : 16.2