...Unemployment is a major issue in today’s society. Do you know what causes unemployment? Do you know who it affects? I do, let me tell you. Unemployment effects everyone, whether it be directly or indirectly. Even if you are employed, the unemployment of people in your community can hit home. As a public relations specialist I work with people on a daily basis to try to get them the assistance they need so that they can get better jobs. There are several causes of unemployment such as recessions, disability, attitude towards employers, willingness to work, employee values, and discriminating factors in the place of work such as age, class, ethnicity, and race. All of these factors and more play a role in the unemployment in today’s society. When you see the downward spiral of joblessness if you are a business owner hire someone to help, if you have connections to great companies let someone know so that we can help decrease the unemployment rate. I hope to supply you with the causes and effects unemployment has on individuals and their families. Discriminating factors in the work place causes unemployment are very much present; it may come in many different ways. They may terminate you from your job because of your age, a lot of employers think that because you have gotten older you may not be able to perform your job as good as you did back when you where younger so they hire a younger individual to keep the work environment young and hip. Another discriminating factor...
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...Mawuena Cedric Gbedey BUSINESS ECONOMICS PROJECT II CHAPTER 16, QUESTION 5 Frictional unemployment is defined by Investopedia as “Unemployment that is always present in the economy, resulting from temporary transitions made by workers and employers or from workers and employers having inconsistent or incomplete information” and gives another example as a first-time job seeker may lack the resources or efficiency for finding the company that has the job that is available and suitable for him or her. As a result this person does not take other work, temporarily holding out for the better-paying job. Retrieved from http://www.investopedia.com/terms/f/frictionalunemployment.asp#axzz1ZfufVuVW on 10/01/2011. Wisegeek.com also defined functional unemployment as natural phenomena and is viewed as beneficial to both the economy and the worker. They went ahead to explain that any time someone is between jobs, this is considered frictional unemployment. Some common examples include craftspeople who are laid off between projects and people who quit their jobs to relocate or to seek out better employment. Retrieved from http://www.wisegeek.com/what-is-frictional-unemployment.htm on 10/01/2011. Based on the definitions given above, it is quite clear that frictional unemployment is inevitable. So far as no living thing lives forever, there comes a time where an employer goes out of business and or the employee quits. It is considered a natural circle which is actually healthy for...
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...March 3, 2009 Instructor: April Davenport English 1101-305 Life Change I never imagine starting life all over again after being employed fulltime since the age 20. Over 15 years ago, I would not have understood the probable cause of me not being able to find a suitable job. Just as my company downsize and my job end all in the same month I knew it was time for career makeover. Job loss and tragic economy will be enough to drive anyone insane for some people. Instead of being part of the problem I decide to part of the solution, so I decided to become a dedicated fulltime student. Due to unforeseen circumstance God has a way to turn any event around. With the economy and unemployment rate on high the world is due for a current remodeling change. Learning to be humble became part of my new character to be a better all around individual. At that present time I realize that regardless of what has transpired, I must transformed some type of new change. There are many change in event that will help most me like myself a better person. Throughout my course of trial and tribulations I realize that there are pros and cons to any circumstances. I immediately began to brainstorm trying to come up with different strategies to help me and my family children survive. A month later, my 6 year old son school begin calling complaining about his behavior problem. I was already in process of getting him tested for ADHD. The teacher and principal wanted to schedule a conference with...
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...that is greatly affecting our economy. The problem of the rise in the unemployment rate in the U.S can be solved by big business’ creating more jobs in their companies, banks approving more business loans for small businesses, and the government giving out stimulus packages to the people to help boost the economy. This is a problem that must be solved if the United States wants to move forward in a better economy. The spike in unemployment has pushed some private sectors to create more positions within their company, but it still isn’t enough to improve this difficult time the U.S. is facing. Irwin and Montgomery (2010) reported “private employers added only 83,000 jobs in June, the government said Friday, too few to keep up with growth in the working-age population” (p. 1). The employment rate is not getting better, but it is dropping at a slow gradual rate. Americans have practically given up on joining the labor force altogether, which has made the unemployment rate fall to 9.7 from a 9.5 percent (Irwin & Montgomery, p. 1). The government has set out plans to help the economy, but there hasn’t been much improvement. In fact it seems that it is weakening versus getting stronger. According to Irwin and Montgomery (2010), “the net gain of 100,000 jobs is in the same ballpark as the number of new jobs needed...
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...Not correctly predicted pace of gross domestic production expansion had caused structural unemployment. So Turkey met with change of pace of gross domestic production expansion from predicted one to real one. As a result 300,000 people that worked in agriculture and construction sectors lost their jobs. To avoid this situation if future, government should use more data to make more accurate predictions., otherwise unemployment would bring several consequences. First of all, unemployed citizen would face some problems. A reduction in come would lead to lower standard of living. Also jobless person could experience erosion of mental health that possibly could lead to relationship breakdown and, in some case even to suicide. Second, higher level of unemployment would bring poverty, homelessness, higher criminal rates and vandalism to the society. Last but not the least, unemployment brings some costs to the economy as a whole. That can be seen from production possibilities curve. Higher unemployment leads to the decrease of the actual output of economy. Also if unemployed people, due to their lower incomes, would spend less money on goods and services, government would earn less money from direct taxes. That example raises a question of opportunity costs. In other words, rather then to spend capital on unemployment benefits,...
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...raised 0.2 percent average in 2009. By sector, the largest decrease in employment occurred in manufacturing due to a sharp fall in industrial production (12.5 per cent), mainly in export-oriented industries. Paid employment in the sector declined 5.3 per cent in 2009 while working hours contracted slightly (0.3 per cent) and real wages rose 2.5 per cent. At the total economy level, over 94,000 jobs were created during the first three quarters of 2009 compared to the same period in 2008. Employment growth by sector was highest in public administration, education and health (130,400 jobs created), followed by financial and business services (19,100) and construction (16,300). In addition to job losses in manufacturing, net job losses totaled 104,600 in utilities and 14,700 in wholesale and retail trade. In the third quarter of 2009, employment continued to decline in utilities (2.4 per cent) and wholesale and retail trade (0.16 per cent), albeit at a slower pace. Conversely, job growth continued to expand in public administration, education and health over the same period. Unemployment insurance claims among formal workers rose from a recent low of nearly 459,000 in the third quarter of 2006 to a peak of almost 698,000 in the first quarter of 2009. Including unemployment insurance beneficiaries for small-scale fishermen, the peak was reached in the second quarter of 2009, as claims among this group jumped to...
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...registered at 42,955 or 24.62% of the 174,439 graduates. In the Medical fields, about 8,000 nursing graduates have not secured jobs. Arts & Social Sciences has the highest number of unemployment, constituting 44.5% or 19,784 from the total number of unemployed graduates. Trailing behind are graduates from Technical fields with 12,321 which account for 27.7% and Science graduates with 7,321 which account for 16.49% of the total. In the Medical fields, about 8,000 nursing graduates have not secured jobs. During the Budget 2013 presentation in Parliament last month, Prime Minister Datuk Seri Najib Razak has mooted setting up a Graduate Employability Taskforce with an allocation of RM200 million to strengthen the employability of jobless graduates under a Graduate Employability Blueprint by end of this year and an additional RM440 million to be allocated for the Skills Development Fund Corporation (PTPK), to provide loans for trainees to undergo skills training. In my opinion, reason why graduates could not secure jobs was that their qualifications do not meet market demands and requirements, thus rendering them ‘not marketable’. Another factor is the bad command of English. A good command of the English language could help graduates secure employment, especially in the private sector....
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...BoC GOVERNOR TO JOBLESS YOUTH: WORK FOR FREE This article discusses the topic of youth unemployment and how youth should work for free to gain skills and experience in their field of work. Bank of Canada governor (Stephen Poloz) recommended that unemployed university graduates should “beef up their resumes” by working for free. Also it states that the youth should acquire more experience through unpaid internships and volunteering, in their field of work. Youth with gain learning experience and acquire skills that are essential to their work. 200,000 young adults in Canadians are currently out of work, unemployed, or going back to school for more education. “Get some real-life experience even though you’re discouraged, even if it’s for free” Poloz says. Statistics Canada says that unemployment rate for people aged 15-24 was 13.5 per cent in September, which is almost double Canada’s overall jobless rate, which is 6.8 per cent for the same month. Big firms, like Bell Mobility, are getting involved in programs that recruit hundreds of interns each year to work for free. Some people don’t agree with Poloz’s perspective, mentioning how the governor’s recommendation encouraged people to “subvert” minimum wage laws to gain experience, while others described it as “extremely problematic”. Andrew Langille, a Toronto labour lawyer, mentioned that there simply are not enough jobs for young people coming out of college in Canada. Claire Seaborn mentioned how individuals from...
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...Homeless and working for Amazon: the trap of the seasonal job cycle By: Jana Kasperkevic Sunday, 4, May 2014 In the lecture slides, Dr. Zhen presented seasonal unemployment was defined as those periods within the work force that is caused by seasonal shifts in labor supply and demand. The article that I will be discussing with you all today is entitled “Homeless and working for Amazon: the trap of the seasonal job cycle” written by Jana Kasperkevic. In Kasperkevic’s article she explains how Amazon is a job that lies under the title of seasonal unemployment, the journey of their employees once they are hired and life after they are released from Amazon due to no work. For those who may not know Amazon is an American electronic commerce company with its main office in Washington and it is the largest internet-based retailer in the United States. Although, they may be the largest internet retailer they too are subject to downfall, which is the topic discussed in this article. Amazon is known as a company who hits major sale peaks during the gift giving holidays such as Christmas. So, to be able to benefit from those sales and offer great customer service they in return hire a lot of staff. Which is a good thing that they are hiring people so that they can partake in receiving income, but they are blinded by the fact that Amazon is an opportunity for seasonal unemployment. So, when their job contract is up they are back on the hunt to find new jobs or for some back unemployed...
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...Kai Chin Professor Lassar English 122 March 1, 2015 Unemployment Unemployment can be used to measure the health of an economy and is a key concept in economics, affecting more than just those who are unemployed. Someone who is unable to find work but is still actively searching is considered unemployed. Although, there is a seemingly odd way of knowing what is and what isn’t considered unemployed as well as knowing that there are multiple types of unemployment and unemployment rates. There are four types of unemployment, structural unemployment, frictional unemployment, seasonal unemployment, and cyclical unemployment. All of which are key elements in defining unemployment. Structural unemployment is usually when there is advancement in technology or changes in market conditions that overtake certain jobs in the workforce. It correlates with the mismatch of jobs and workers due to a lack of a skill or simply the wrong area desired for work (Experimental). Structural unemployment depends on the social needs of the economy and dynamic changes in the economy. Cyclical unemployment is defined as workers losing their jobs due to business cycle fluctuations in output, the normal up and down movements in the economy as it cycles through booms and recessions over time (Experimental). Seasonal unemployment and frictional unemployment are somewhat the same, whereas both types of unemployment are waiting or searching for employment, although seasonal is as it sounds, where the job is...
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...Unemployment is a major social issue is Jamaica’s society. The obvious solution to minimizing this issue is creating more employment opportunities for persons to pursue. Individuals facing such problem will complain that the government does not provide enough job opportunities to solve or at least minimize the rate of unemployment in the country. However, the government would like these individuals to realize that they too can create jobs opportunities and to stop being one track-minded to the idea that only the government can develop these opportunities. The government has advised not to only rely on them for employment as opportunities in this sector continue to dwindle by the day. Also, by doing so they will increase the markets for products already offered by the government. These individuals facing the problem can find employment either by themselves or as a group. This can be done either by becoming self-employed as sole traders or entering a partnership. A sole trader is a business with a sole owner who will employ a few employees. These businesses are usually well managed and profitable. A partnership is formed when two or more people set up a business together, and share the profits. These businesses often operate effectively as each partner can contribute experience and knowledge. Both businesses can be started with little government intervention, as long as they meet their legal requirements. . The government will be willing to create environments where entrepreneurs...
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...Tropical Storm Charley In August 2004, tropical storm Charley hit North Carolina and the Optima Air Filter Company. Many employees’ homes were devastated, and the firm found that it had to hire almost three completely new crews, one for each of its shifts. The problem was that the “old timers” had known their jobs so well that no one had ever bothered up job description for them. When about 30 new employees began taking their places, there was general confusion about what they should do and how they should do it. The storm quickly became old news to the firm out – of – state customers, who wanted filters, not excuses. Phil Mann, the firm’s president, was at his wits end. He had about 30 new employees, 10 old – timers, and his original factory supervisor, Maybelline. He decided to meet with Linda Lowe, a consultant from the local university’s business school. She immediately had the old – timers fill out a job questionnaire that had listed all their duties. Arguments ensued almost at once: Both Phil and Maybelline thought the old – timers were exaggerating to make themselves look more important, and the old – timers insisted that the lists faithfully reflected their duties. Meanwhile, the customers clamored for their filters. Questions: 1. Should Phil and Linda ignore the old – timers’ protest and write up the job description as they see fit? Why? Why Not? ✓ No, Phil and Linda should not completely ignore the protest and here is why. Despite the exaggeration...
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...not just the individual directly, but the economical and psychological affects unemployment have on the family as a whole. Economic Effects of Unemployment Time to count the cost. How people respond to long-term unemployment varies depending on the stage of their careers, on their family situation and, most of all, on their financial resources. Those with working spouses, who have an income and usually health insurance, can generally get by longer than those without. And whether unemployed workers sink or swim can depend on how resilient they were to start with. Whatever your family situation may be, there is still a loss of salary. In taking a hard look at reality, it is time to study your financial situation. Most of the long-term jobless are finding ways to get by, though they're using more savings, home equity or family help than they would like. They are finding productive ways to use their time, taking classes, volunteering or exploring new careers -- even though they would rather be...
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...the update on technology. Some people are so uses to be “old fashion” when it comes to work they would rather use the old typewriter as well as computers because they just can keep up with the new technology. People that have lost their jobs due to changes in the economic they can take small steps in to learn how new thing works and later see how well they can grasp to the new technology. Next, is Frictional which is unemployment that is caused by people who moves between job, careers and location? These people are the ones that are more likely to make it the unemployment world because they are the ones’ who can adapt to change. The final type of unemployment is Cyclical which is someone is laid off from their job because of growth rate which can cause a recession. One way that they...
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...How do individuals allocate their time on job searching and leisure? What are the factors affecting individuals’ decisions to spend their time on job searching? How do the unemployed differ from the employed and those out of labor force in time allocation on job searching? Answering these questions is important for potential economic policies on unemployment and welfare. For example, the information about time spent on job searching by the unemployed could be linked with the probabilities of finding a job. If those who spend more time on job searching are more likely to find a job, then policies could be shaped to encourage people to search more. Similarly, leisure is an indispensable component in people’s life. Understanding how people allocate their time on leisure could have implications on policies on improving people’s welfare. In this paper, time spent on job searching is defined as all the time spent by an individual searching for a job. This includes time spent on job interviewing, sending out resumes and waiting associated with interviewing etc. Time spent on leisure is all the time spent by an individual on TV watching, socializing, eating and personal care, other leisure activities like reading, and listening to music. Using data from American Time Use Survey between 2003 and 2013, I conduct my research revolving around the question “How do the unemployed female and male differ in their allocation of time on job searching and leisure before and...
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