Structural Unemployment And Unemployment

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Unemployment and inflation are marcoeconomic problems that are most often discussed in the media and political campaigns.The unemployment rate are the important problem in the short run ,long-run success of an economy is the best judged by its ability to generate high levels of real GDP per person.The unemployment rate is the percentage of the labor force that is unemployed.The labor force is the sum of employed and unemployed .The calculation of unemployment rate equal to number of unemployed divided by labor force. The unemployment rate never falls to zero.There are three types of unemployment which is frictional unemployment, structural unemployment and cyclical unemployment.The frictional unemployment is the short-term unemployment that…show more content…
Many classical economists believe that there is a natural index of unemployment, can be used to subtract the actual unemployment rate, to calculate the GDP negative gap during the recession. In other words, the unemployment rate will never reach 0%.The impact of the overall economic downturn on employment, which is likely to continue for several consecutive quarters. Research in the UK suggests that low tech, low educated workers and youth are most likely to be unemployed. In the economic downturn. After the recession of 1980s and 90, the unemployment rate took 5 years to come back down to its original level. A lot of companies are often observed in the economic recession period (they) of the rising employment claims.The living standards of people dependent on wages and salaries are not more affected by recessions than those who rely on fixed incomes or welfare benefits. The loss of a job is known to have a negative impact on the stability of families, and individuals' health and well-being. Fixed income benefits receive small cuts which make it tougher to

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