domingo, 17 de maio de 2009

Unemployment


Unemployment occurs when a person is available to work and seeking work but currently without work.People who are unemployment that need money hard, try to find any job even if it dosen't fit his best skills like a man with professor skills work on a minibar.

Frictional Unemployment
Frictional unemployment occurs when a worker moves from one job to another. While he searches for a job he is experiencing frictional unemployment. This applies for fresh graduates looking for employment as well.

Seasonal Unemployment
Seasonal unemployment results from the fluctuations in demands for labor in certain industries because of the seasonal nature of production.In such industries there is a seasonal pattern in the demand for labor. During the period when the industry is at its peak there is a high degree of seasonal employment, but during the off-peak period there is a high seasonal unemployment

Classical unemployment
Classical or real-wage unemployment occurs when real wages for a job are set above the market-clearing level. This is often ascribed to government intervention, as with the minimum wage, or labour unions. Some, such as Murray Rothbard, suggest that even social taboos can prevent wages from falling to the market clearing level.

Structural unemployment
Structural unemployment is caused by a mismatch between jobs offered by employers and potential workers. This may pertain to geographical location, skills, and many other factors. If such a mismatch exists, frictional unemployment is likely to be more significant as well.

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