Unemployment Rate

Essay specific features

 

Issue:

Business

 

Written by:

Marni H

 

Date added:

December 3, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 418

 

Was viewed:

3349 times

 

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Essay content:

Structural, experienced when the structure of an industry or skill demands changes. Technological, caused by the replacement of workers by machines or other advanced technology. Classical (real-wage), when real wage for a job are set above the market-clearing level. Marxian, when unemployment is needed to motivate workers to work hard and to keep wages down, to preserve profitability...
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Marxian, when unemployment is needed to motivate workers to work hard and to keep wages down, to preserve profitability. Seasonal, when an industry only is in demand certain times. The article I am reporting on is “Jobless Rate Hits 5-Year Low” (New York Times). This article raises the point that the labor market for America is continuing to improve with job growth advancing in recent months and the unemployment rate falling last month to the lowest level in years (The unemployment figures indicate how many are not working for pay but seeking employment for pay...
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