Category: Unemployment
Unemployment Types
This paper discusses the different types of unemployment and its implications on the economy as a whole. In the following section we have detailed about the five different types of unemployment.
Unemployment and Poverty
Unemployment and Poverty at a Glance
Unemployment and poverty are the two major challenges that are facing the world economy at present. Unemployment leads to financial crisis and reduces the overall purchasing capacity of a nation. This in turn results in poverty followed by increasing burden of debt. Now, poverty can be described in several ways. As per the World Bank definition, poverty implies a financial condition where people are unable to maintain the minimum standard of living.
US Unemployment
Before discussing the unemployment status in the United States of America it is important to know the computational procedure adopted in US for the measurement of unemployment.
