discussion x- week2 - movements” are not economic booms...

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There are three different types of unemployment and these are frictional, structural and cyclical. Frictional unemployment is when people move or change jobs often. “An important distinguishing feature of this type of unemployment, unlike the two that follow it, is that it is voluntary on the part of the worker” (Thoma, para 2, 2010). Structural unemployment is when technical changes arise (and we all know in today’s world there are constant changes in technology). An example of this is “a decline in the demand for typewriters would lead to structurally unemployed workers in the typewriter industry” (Thoma, para 3, 2010). Last, cyclical unemployment is when workers lose their jobs due to “business cycle fluctuations in output, i.e. the normal up and down movements in the economy as it cycles through booms and recessions over time” (Thoma, para 4, 2010). An interesting part of cyclical unemployment is that in the military our “economy” is different than that of the civilian world because often times our “up and down
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Unformatted text preview: movements” are not economic booms and recessions but injuries that may prevent us from continuing on in our field. Many people who have to medically separate from the Armed Forces find themselves in cyclical unemployment. I do not feel that all three types of unemployment are undesirable because some of them can actually be beneficial to society. Frictional unemployment, for example, is good because it allows people to advance their careers by changing jobs and because they are changing careers voluntarily they do not receive payments. Cyclical unemployment, however, is never desirable because it indicates that the economy is not stable and it means that the company must make employment sacrifices in order to ensure the continued existence of the company. References Thoma, M. (2010, August 17). Frictional, Structural, Cyclical Unemployment Defined. Retrieved September 13, 2015....
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