Global Unemployment: Diffirent Reasons Why People are Unemployed

The unemployment rate in April 2014 was 3%. According to the US Bureau of Labor Statistics, the nationwide unemployment rate in April fell to 3%, down about 0.5% from the unemployment rate in March. ("The unemployment rate in April 2014 is 3%" NCSL.org. Website. May 2, 2014.) Our people around the world have many problems affecting each of us It is. The problems we face are really big or small, but they all affect many people all over the world. We encountered war problems among two or more countries.

Unemployment is one of the major economic problems. What is regarded as unemployed is a person looking for work or a person who was dismissed for more than a week. There are many reasons why people are unemployed. Three of these reasons are periodic, structural and seasonal unemployment. The government is trying to find a solution to reduce unemployment by formulating policies. Cyclic unemployment is one of the causes of unemployment. When a person is in a cyclical unemployment state, this means that income is limited to economic conditions, and there will be more employment when the economy is in good condition, but there are more jobs available When the quantity decreases. In addition, when people spend less money they cause more reduction and unemployment. Therefore, this form of unemployment is usually temporary. As the economy grows, the periodic unemployment rate declines.

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Cyclic unemployment rate: This unemployment rate is related to the economic cycle of the economy. People who are unemployed due to economic downturn are affected by periodic unemployment. These people usually find a job when the economy expands. Therefore, in economic growth, the number of unemployed people is small. Unemployment rate data is often used as an indicator of economic health and its labor force. People often see that the unemployment rate in economic growth is gradually declining. However, when the economy falls into recession, interest rates rise sharply. Unemployment rate data is also one of the factors that measure investor psychology and consumer confidence in the economy. Investor sentiments are usually related to an increase in the number of employees within a certain period of time.

The unemployment rate is an indicator of the unemployment rate, which is calculated by dividing the number of unemployed people by the current labor force. During the recession, the unemployment rate of the economy is higher than usual. According to the ILO report, more than 200 million people worldwide or 6% of the world's workforce did not work in 2012. The cause of unemployment caused hot discussion. Classical economics, neo-classical economics, and the Austrian economic school think that market mechanisms are a reliable means of solving unemployment problems. These theories oppose external interventions on the labor market, such as labor unionization, bureaucratic labor regulation, minimum wage law, taxes, and other regulations claiming to block employment of workers.