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Because the companies cant pay some of the workers.
Another opinion:Unemployment happens when;1) Employees are discharged or fired for cause; 2) Employees quit for various reasons, both work related and personal; 3) A slow down in the company's business forces a 'downsizing' due to the economy and not the employee/employer's fault; 4) Companies themselves relocate and the employee is unable to follow the job; 5) Natural disasters occur that close a business down (hurricanes, floods, earthquakes, etc.); 6) Government actions cause a company to lay off people (fines, taxes, levies, law suits, etc. that disrupt the business' plans); etc.
What else can I help you with?
What types of unemployment exist?
Unemployment is split into these types: demand-deficient unemployment, frictional unemployment, and structural unemployment
What will always exist in any economic system?
UNEMPLOYMENT.
What form of unemployment does not exist according to Say?
Cyclical
What form of unemployment does not exist according to says law?
Stuctural
What conditions is least likely to exist in a recession or depression?
less unemployment
Why does disequilibrium unemployment exist?
Disequilibrium unemployment, also known as real wage unemployment or classical unemployment exists primarily for 2 reasons: 1) trade unions or labor organizations bargain for higher wages, or 2) government mandates some minimum wages.
How might a socialist and a capitalist government differ in the treatment of the unemployment?
There are no purely socialist or capitalist countries. In a purely socialist one, there is no unemployment, the state will find something for you to do. In a purely capitalist one, there is always some unemployment, but small and transitory. Private charities would make up for what shortfalls took place. In mixed economies, there are a mixed bag of responses. Unemployment benefits help. As do various aid programs, such as food stamps and utility assistance plans. The more "socialist", the more such programs are likely to exist. The more capitalist, the more such problems as unemployment are unlikely to exist, with charities taking up the slack.
How might a socialist and a capitalist government differ in treatment of the problem of unemployment?
There are no purely socialist or capitalist countries. In a purely socialist one, there is no unemployment, the state will find something for you to do. In a purely capitalist one, there is always some unemployment, but small and transitory. Private charities would make up for what shortfalls took place. In mixed economies, there are a mixed bag of responses. Unemployment benefits help. As do various aid programs, such as food stamps and utility assistance plans. The more "socialist", the more such programs are likely to exist. The more capitalist, the more such problems as unemployment are unlikely to exist, with charities taking up the slack.
What are the three types of unemployment?
disguised unemployment,open unemployment,under unemployment
What are the types of unemployment in botswana?
Types of unemployment in Botswana are structural unemployment, cyclical unemployment, and frictional unemployment. Unemployment in Botswana is also divided into age and educational types.
Can you get unemployment if you quit your job because it is a hostile work place?
Not unless you complained to the employer and gave them a reasonable opportunity to remedy the illegal condition ... IF it existed. If it did not exist, or if you didn't complain, zero UI benefits.
What if you can return to work and your job does not exist any longer is there any other income you can get unemployment insurance until you find other work.?
If the reason you left you job was through no fault of your own, you may be eligible for unemployment benefits. If you already had received benefits, you may be eligible for extension of those benefits (depending on your state and its unemployment history). If neither of these conditions existed, then you'd probably have to seek an income outside the unemployment benefits area because unemployment compensation has only to do with loss of job, and not for having no income. Check with your state's human resources department (or its equivalent) for entitlements.
