MacroEcon Lecture Types of Unemploy

MacroEcon Lecture Types of Unemploy - Per Capita GDP: US...

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Per Capita GDP: US $50,000 Happiest people- Denmark Unemployment 1 of the 3 microeconomic variables 9% in the US (high)- tells us the state of the economy Many reasons for unemployment 4 categories of unemployment- Seasonal unemployment: Refers to seasonal factors which can cause somebody to lose his or her job Ex: construction worker ( work in a country at a harsh winter- someone can lose their job temporarily because of the harsh winter) Ex: Retails in US at Christmas : work for 1.5 months Most benign kind of unemployment- people already understand and know in advance that they’ll be jobless ( can regulate finances) This kind of unemployment is ALWAYS present in the US economy (every single year there is a minimum amount of unemployment) Frictional Unemployment To due with certain imbalances in the labor market Which prevent supply of demand and supply of labor to be equal Time to get job
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MacroEcon Lecture Types of Unemploy - Per Capita GDP: US...

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