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Unemployment

Unemployment

Unemployment (or joblessness), as defined by the International Labour Organization, occurs when people are without jobs and they have actively sought work within the past four weeks.

 

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Thomas Piscina

Thomas Piscina

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The unemployment rate in the United States was last reported at 8.2 percent in May of 2012. Historically, from 1948 until 2012, the United States Unemployment Rate averaged 5.7800 Percent reaching an all time high of 10.8000 Percent in November of 1982 and a record low of 2.5000 Percent in May of 1953. The unemployment rate can be defined as the number of people actively looking for a job as a percentage of the labour force. This page includes a chart with historical data for the United States Unemployment Rate.

Article: United States Unemploymen...
Source: United States Unemploymen...

The number of people claiming unemployment benefit in Spain rose by 112,269 in January, taking the overall figure to 4.7 million.

Spain's unemployment rate stands at 22.9%, the highest in the 17-nation eurozone.

The Spanish economy posted negative growth in the fourth quarter of last year and is expected to enter recession this quarter.

Article: Spain's unemployment rate...
Source: The Independent

Unemployment Rate by Age: The unemployment age time series begins in 1948. Recent history has shown greater employment stability as age increases.

Unemployment Rate by Gender: The unemployment rate time series for men and women also begins in 1948. Traditionally, women have had greater employment stability than men during economic downturns.

Article: Unemployment Demographics
Source: Unemployment Demographics...

Temporary Assistance for Needy Families (TANF) is a block grant created by the Personal Responsibility and Work Opportunity Reconciliation Act of 1996, as part of a federal effort to “end welfare as we know it.” The TANF block grant replaced the Aid to Families with Dependent Children (AFDC) program, which had provided cash welfare to poor families with children since 1935.

Article: Center on Budget and Poli...
Source: Policy Basics: An Introdu...

Leaders in the early Republic had it easier. The work of taming a continent provided every American who wanted one with a full-time job and drew settlers from oceans away. Laws like the Homestead Act of 1862 — which granted any man or woman up to 160 acres of public land if they pledged to cultivate it for five years — tapped into the frontier spirit, providing work opportunities for even the most down-and-out Americans. As more and more members of the workforce began laboring in factories in the 19th century, however, society grew more polarized and new technology let businesses squeeze more productivity out of fewer people. By the 1920s, periodic unemployment was common; by 1933, the depths of the Great Depression, it had hit 25%

Article: Unemployment
Source: TIME

Obama's goal is to reduce the nation's staggering 9.1 unemployment rate -- an improvement in which has followed the pattern of previous post-financial crisis recoveries -- a slow decline. The nation needs to create about 100,000 to 125,000 jobs per month just to prevent the unemployment rate from rising: so far the recovery has averaged a 144,000-job gain per month.

Article: Obama Jobs: $300B Economi...
Source: Obama Jobs: $300B Economi...

When looking at the world's lowest unemployment rates, one of the first things you might notice is that many of the countries are in Southeast Asia.

Thailand, Singapore, Malaysia and Vietnam all have unemployment rates at or below 3%, ranking them in the top six overall, according to tradingeconomics.com.

"One reason why the unemployment rates in those countries are low is because they're starting to get a lot of investment that used to go to China and would have gone to China," said George T. Haley, a professor of marketing and international business at the University of New Haven and co-author of "New Asian Emperors: The Business Strategies of the Overseas Chinese."

Article: Who's got the highest (an...
Source: CNN.com

The wording of Section 2 of the Employment Act of 1946 -- its declaration of policy-- is notoriously vague. There is, even today, widespread disagreement as to whether or not it is really a "full employment" law or even what courses of action a full full employment policy would entail for government or require from the business community. The "negotiated language" of the act suggests both ends and means that are breath-taking in their implications and also includes artfully contrived restrictions that might be so construed in practice as to paralyze action.

Article:   Defining Our Employment G…
Source:  Offline Book/Journal

Modern, mainstream economics universally recognizes three types of unemployment: frictional, structural, and cyclical.

Frictional Unemployment are workers who are literally “between jobs”...Structural unemployment is the type of unemployment that comes up when the jobs employers are offering do match the skill or desire of those who are looking for work...Cyclical unemployment is of course unemployment related to downturns in the economy.

Article: Types of Unemployment
Source: Types of Unemployment

In economics, unemployment refers to the condition and extent of joblessness within an economy, and is measured in terms of the unemployment rate, which is the number of unemployed workers divided by the total civilian labor force. Hence, unemployment is the condition of not having a job, often referred to as being "out of work", or unemployed

Article: What is Unemployment!
Source: What is Unemployment!
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