It is common to hear that unemployment has been caused by our genius at mass producing things and systematising processes; we have become so efficient at making goods and generating services, there is now a grea
While on the surface it appears that a 0% unemployment rate would be terrific for the citizens of a country, having a small amount of unemployment is actually desirable. To understand why we need to look at the three types (or causes) of unemployment. 3 Types of Unemployment Cyclical Unemp...
UnemploymentInsuranceRate of UnemploymentCompetitivenessEfficiencyContrary to the conventional view that unemployment insurance serves to directly increase the rate of unemployment as well as reducing an economy's competitivenSocial Science Electronic Publishing...
3. File for unemployment The good news is that if you were truly laid off (instead of fired), you will likely receive *some* form of severance and qualify for unemployment through your state's Department of Labor. This is good news as it won't mean you're entirely without funds. Resea...
Why is it that a recession may be good? Explain why an economy cannot achieve low unemployment rates, low inflation and economic growth at the same time. Is inflation a major economic concern for policymakers at the present time? Explain why or why not. Why do governments sometimes pay...
In 2007 and 2008, the U.S. unemployment rate was only 4.6 percent, though it started to rise after the financial crisis hit in September 2008, reaching 10.1 percent in October 2009. Since then it has fallen to 8.1 percent. The unemployment figure is not
If you lose your job through no fault of your own, you may qualify for unemployment. It can take several weeks to get your first unemployment paycheck in North Carolina, especially if there are a large number of people applying at the same time.
What is an emergency fund? An emergency fund is a bank account with money set aside to pay for large, unexpected expenses, such as: Unforeseen medical expenses. Home-appliance repair or replacement. Major car fixes. Unemployment. Compare top savings accounts Find a high-yield savings account wi...
Why is high unemployment bad? Explain the difference between a minimum wage and a minimum livable wage. Why is this important? Why is a high rate of inflation bad for the economy? Why is low and zero inflation bad? Explain why the wage-setting (WS) curve is negatively sloped. ...
Another possible consequence of inflation isrecession– this economic term describes a situation where a country’s production starts going down, people’s incomes go down and unemployment goes up. This all sounds like a very bleak economic outlook. So, what can be done?