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( Unemployment)
Unemployment occurs when a person is available to work and currently seeking work, but the person is without work.[1] The prevalence of unemployment is usually measured using the unemployment rate, which is defined as the percentage of those in the labor force who are unemployed. The unemployment rate is also used in economic studies and economic indexes such as the United States' Conference Board's Index of Leading Indicators as a measure of the state of the macroeconomics. There are a variety of different causes of unemployment, and disagreement on which causes are most important. Different schools of economic thought suggest different policies to address unemployment. Monetarists for example, believe that controlling inflation to facilitate growth and investment is more important, and will lead to increased employment in the long run. Keynesians on the other hand emphasize the smoothing out of business cycles by manipulating aggregate demand. There is also disagreement on how exactly to measure unemployment. Different countries experience different levels of unemployment; the USA currently experiences lower unemployment levels than the European Union,[2][3] and it also changes over time (e.g. the Great depression) throughout economic cycles. According to economist Edmond Malinvaud, the type of unemployment that occurs depends on the situation at the goods market, rather than that they belong to opposing economic theories.[4] If the market for goods is a buyers' market (i.e. sales are restricted by demand), Keynesian unemployment may ensue while a limiting production capacity is more consistent with classical unemployment. A common typology of unemployment is the following
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Unemployment Subcategories
Unemployment Articles
Multitasking , Overworked ? Be Glad That You Have a Job ! by Shaun Stevens
Life has changed greatly for most American workers at their place of employment. It used to be that the role of the worker on a “modern” assembly line was to turn only one screw only and nothing more And to do what middle management told th...
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