Types Of Unemployment

This is the first 1,000 characters of 594 words (2.38 pages) in the essay titled Types Of Unemployment

types of unemployment

UNEMPLOYMENT
In industrialized countries in which most people can earn a living only by
working for others, being unable to find a job is a serious problem. Because of its human
costs in deprivation and a feeling of rejection and personal failure, the extent of
unemployment is widely used as a measure of workers' welfare. The proportion of
workers unemployed also shows how well a nation's human resources are used and serves
as an index of economic activity. Economists have described the types of unemployment
as frictional, structural, and cyclical.
The first form of unemployment is Frictional unemployment. Frictional
unemployment arises because workers seeking jobs do not find them immediately. While
looking for work they are counted as unemployed. The amount of frictional
unemployment depends on the frequency with which workers change jobs and the time it
takes to find new ones. Job changes occur often in the United States. A January 1983
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