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Unemployment occurs when a person is available to work and currently seeking work, but the person is without work. 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.

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Wikipedia about unemployment

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Unemployment occurs when a person is available to work and currently seeking work, but the person is without work. 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. For example, the conservative government, when in power in the United Kingdom, changed the way in which employment was measured several times. Each time, the figure reduced (Social Trends).Fact: date=July 2008 Different countries experience different levels of unemployment; the USA currently experiences lower unemployment levels than the European Union, and it also changes over time (e.g. the Great depression) throughout economic cycles.

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Types

main: Graduate unemployment

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. 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:

Frictional unemployment

Frictional unemployment occurs when a worker moves from one job to another. While he searches for a job he is experiencing frictional unemployment. This applies for fresh graduates looking for employment as well. This is a productive part of the economy, increasing both the worker's long term welfare and economic efficiency. It is a result of imperfect information in the labour market, because if job seekers knew that they would be employed for a particular job vacancy, almost no time would be lost in getting a new job, eliminating this form of unemployment.

Also, when workers go on strike (refusal to work) or when employers impose lockdowns on workplaces (Prevent workers from entering premises to work), there is frictional unemployment. [http://www.daviddfriedman.com/Academic/Price_Theory/PThy_1st_Edn_Ch22/PThy_1st_Edn_Chap_22.html PThy_Edn_1_Chap_23.rtf ]

Search results for Unemployment

go2ui.com -- Washington State Unemployment Insurance Online!

Other States -- Unemployment Insurance websites for states other than Washington. ... about your claim for benefits or about Unemployment Insurance in general? ...www.wa.gov/esd/ui/icapp/start.htm

Unemployment Insurance Agency

Includes online services and news.www.michigan.gov/uia

Unemployment Offices

State unemployment offices. ... Unemployment Compensation Information. Where to file for unemployment, how to file, what you need, eligibility ...jobsearch.about.com/od/unemployment/a/unemploymentoff.htm

DWD: Unemployment Info

Unemployment Insurance Benefits. Accurate and Honest Reporting ... Where can I find unemployment insurance information for employers? ...www.in.gov/dwd/2418.htm

Division of Employment Security

The Employment Security Division provides a safety net for workers who have lost their jobs through no fault of their own.www.state.tn.us/labor-wfd/esdiv.html

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News about Unemployment

Streak Of Unemployment Claims Decline Ends

CBS NewsThe number of newly laid off workers seeking unemployment benefits jumped unexpectedly last week, the U.S. government said, reversing three weeks of declines. The increase indicates that the slowing economy is taking its toll on the job market.http://www.cbsnews.com/stories/2008/09/04/business/main44145...

Unemployment increases after 3-week decline

The Gainesville SunThe Labor Department reported that new applications for unemployment insurance rose 15,000 from last week.http://www.gainesville.com/article/20080904/news/809059988&t...

Labour keeps quiet on 20% spike in unemployment

Scoop.co.nzLabour should explain why it hasn’t made public new figures which show the number of people on the unemployment benefit rose by 20% in a month, says National’s Welfare spokeswoman, Judith Collins.http://www.scoop.co.nz/stories/PA0809/S00136.htm

Unemployment insurers see City jobs as too risky

Financial TimesThousands of City workers are now being denied unemployment cover or facing premium increases of up to 200 per cent on new policies, as insurers limit their exposure to the troubled finance sector.http://www.ft.com/cms/s/0d83e1ca-705f-11dd-b514-0000779fd18c...

Unemployment seminar aims at keeping employers in county

Jefferson County JournalAs unemployment rates surge-especially in major metropolitan areas-more and more people are applying for unemployment insurance.http://jeffcountyjournal.stltoday.com/articles/2008/09/05/ne...

News about Unemployment

TUC in jobless warning as unemployment hits decade high

Metro.co.ukThe number of people out of work for at least a year could almost double to 700,000 by the end of 2009, the TUC has warned, as unemployment reached its worst level for a decade. The union organisation said the current total of 400,000 could rise for ... http://www.metro.co.uk/news/article.html?TUC_in_jobless_warn...

U.K. August Jobless Claims Increase Most Since 1992 (Update1)

BloombergSept. 17 (Bloomberg) -- U.K. unemployment rose at the fastest pace since 1992 in August after companies from banks to homebuilders cut jobs as the economy teetered on the edge of a recession. Claims for jobless benefits rose 32,500 to 904,900, the ... http://www.bloomberg.com/apps/news?pid=20601087&sid=a03w_E0S...

Unemployment in Scotland up as public sector jobs rise

HeraldThe number of Scots working in the public sector has risen by nearly 50,000 since devolution, figures showed today. As new figures revealed unemployment creeping up, statistics also showed nearly 576,000 people worked in the public sector in the ... http://www.theherald.co.uk/news/news/display.var.2447964.0.U...

UK Claimant Count, Unemployment Rise

RTT News(RTTNews) - Wednesday, the Office for National Statistics, or ONS said in a report that the claimant count, the number of unemployed people and the jobless rate increased in the UK. The claimant count rate was 2.8% of the workforce in August, up 0.1 ... http://www.rttnews.com/Content/AllEconomicNews.aspx?Node=B2&...

Unemployment rises again

In the NewsAn extra 81,000 have become unemployed over the last three months, according to the latest figures from the Office for National Statistics (ONS). The unemployment rate was 5.5 per cent for the three months to September, up 0.2 per cent from the ... http://www.inthenews.co.uk/news/finance/unemployment-rises-a...

Search results for Unemployment

Employment Development Department

administers the Job Service, Unemployment Insurance, Disability Insurance, Workforce Investment Act, and Welfare-to-Work programs and handles the audit and collection of employment ... http://www.edd.ca.gov/

Ohio Unemployment Compensation Online

Ohio Unemployment Benefits Online Welcome to Ohio Unemployment Benefits Online The site for Ohio's ... http://unemployment.ohio.gov/

Illinois Department of Employment Security

State agency that pays unemployment benefits, collects unemployment taxes, runs the employment service and Illinois Job Bank, and publishes information and analysis on the Illinois ... http://www.ides.state.il.us/

ODJFS Online | Office of Unemployment Compensation

Ohio Department of Job and Family Services ONLINE ... Unemployment Information for ..... Unemployed Workers Information and Resources for People Seeking Unemployment Benefithttp://www.jfs.ohio.gov/ouc/

unemployment - Definitions from Dictionary.com

noun . 1. the state of being unemployed, esp. involuntarily: Automation poses a threat of unemployment for many unskilled workers. 2. the number of persons who are unemployed.http://dictionary.reference.com/browse/unemployment
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It's The Economy: Unemployment, GM ...

It's The Economy: Unemployment, GM Cuts, AirlinesGrim news on the job front: the unemployment rate jumped to 5.7 percent in July, the highest level in more than 4 years. In today's MoneyWatch, CBS 2's Alexis Christoforous...Windows Media - Video

Unemployment Blues

Unemployment BluesAdam just got on unemployment but the checks aren't big enough, so he hatches a plan to prove to the US Department of Labor that he deserves more.Flash - Video

Unemployment Report

Unemployment ReportKent Brockman reports on the unemployment crisis.Flash - Video

Unemployment Hits 5.7 Percent; Teen...

Unemployment Hits 5.7 Percent; Teens Hit HardestAug. 1 - The nation's unemployment rate climbed to a four-year high of 5.7 percent in July as employers cut 51,000 jobs, dashing the hopes of an influx of young people looking for...Flash - Video

Bobby Seale on Unemployment after t...

Bobby Seale on Unemployment after the Black PanthersBobby Seale of the Black Panthers at UW-Milwaukee Sponsored by Black Graduate Student Union and Students for a Democratic Society www.sdsmilwaukee.orgFlash - Video

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Unemployment down to 6.1% in Decemb...

Unemployment down to 6.1% in DecemberThe Canadian economy added more jobs than expected in December, helping push the national unemployment rate back down to a 30-year low of 6.1 per cent from November's 6.3 per cent jobless rate.msmedia: 2.8 MB w:320px - h:240px

Answers for Unemployment

nona_ilieva

How do I measure the natural rate of unemployment?

nona_ilievaThe natural rate of unemployment is not set. It fluctuates in relation to the expected rate of inflation. Economists generally use 4% as the natural rate of unemployment. http://en.wikipedia.org...
ohwebster

Can I collect unemployment insurance if my employer is a nonprofit with less than 4 employees?

ohwebsterProbably not since they didn't pay in for you. Corporate officers can elect to be covered or not as a whole group but then if the company doesn't pay not can collect no matter what happens to the comp...
anne1980

How does doing independent contractor work factor into my unemployment benefits?

anne1980State law determines unemployment benefits but generally an independent contractor does not pay into the unemployment system. Therefore your benefits will only be calculated on the work in which you ...
Mindy R

How does unemployment compensation effect your tax return?

Mindy Runemployment benefits are taxable income - you have to claim them on your 1040 - there is a line for them - you should get back most of your taxes - 2500 seems very high for the amount of income you c...
kbates1208

What does unemployment office send showing my wages so I can file my taxes?

kbates1208They'll send you a Form 1099-G. Be patient, they don't have to mail them out until the 31st and the IRS doesn't consider them late until Feb 15th.

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