Unemployment in U.S.
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Introduction
Unemployment is where one is in need for employment and is incapable of finding work. It is generally used as an instrument to measure the health of the economy of the country. The unemployment rate of a state is obtained by dividing the number of unemployed individuals by the name of personnel in the labour force (Myryan, 2014). Economists usually divide unemployment into two categories which are voluntary unemployment and involuntary unemployment. Voluntary unemployment is leaving your job willingly in search for another employment whereas involuntary unemployment is a situation whereby an individual has been laid off and is forced to search for another employment (Wingarden, 1991).
Unemployment is where one is in need for employment and is incapable of finding work. It is generally used as an instrument to measure the health of the economy of the country. The unemployment rate of a state is obtained by dividing the number of unemployed individuals by the name of personnel in the labour force (Myryan, 2014). Economists usually divide unemployment into two categories which are voluntary unemployment and involuntary unemployment. Voluntary unemployment is leaving your job willingly in search for another employment whereas involuntary unemployment is a situation whereby an individual has been laid off and is forced to search for another employment (Wingarden, 1991).
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