Essay on Unemployment Cause and Effect - 705 Words

Unemployment – Causes I am going to offer my theory as to the real cause of unemployment, for every cause there is an effect. The process of cause and effect. It’s hard to live a normal healthy life without a job and money. There are many reasons why people are unemployed, but in turn this state of unemployment can cause one to experience financial, emotional, and personal problems. The most common causes of unemployment are getting fired and laid off for specific reasons. People might get laid off if a company is going out of business or maybe if there are positions in the company that are no longer needed. It’s difficult to find a job right away after being fired. Companies don’t want to hire someone who†¦show more content†¦If someone gets into a car accident and gets physically injured long-term or becomes disabled, it becomes difficult to do many types of job. In the setup of a modern market economy, there are many factors, which contribute to unemployment. Causes of unemployment are varied and it may be due to the following factors: * Rapid changes in technology * Recessions * Inflation * Disability * Undulating business cycles * Changes in tastes as well as alterations in the climatic conditions. This may in turn lead to decline in demand for certain services as well as products. * Attitude towards employers * Willingness to work * Perception of employees * Employee values * Discriminating factors in the place of work (may include discrimination on the basis of age, class, ethnicity, color and race). * Ability to look for employment Unemployment at any given point of time may be either due to one of the factors mentioned above or a combination of several factors. It has also been observed that if the labor market in the economy does not work in an optimum manner, it leads to unemployment. There are other factors, which point at the tempo of an economic activity in a region. Household Survey Data: The number of unemployed persons, at 14.0 million, was essentially unchanged in September, and the Unemployment rate was 9.1 percent. SinceShow MoreRelatedCauses And Effects Of Unemployment1611 Words   |  7 Pagesï » ¿ Causes and Effects of Unemployment Travis Epling Strayer University ENG 105 Jeanette Trammel 9/14/14 Causes and Effects of Unemployment There are many reasons for unemployment in the United States and around the world. Some of these causes are created by the individual and others are out of their control. No matter what the cause for unemployment, it has a devastating effect on the individual, family, and economy. Unemployment defined by the Encyclopedia Britannica is the conditionRead MoreCauses and Effects of Unemployment2314 Words   |  10 PagesCauses and Effects of Unemployment Unemployment defined by the Encyclopedia Britannica is the condition of one who is capable of working, actively seeking work, but is unable to find any work. In addition, to define a person as unemployed, the person must be an active member of the labor force in search of work. (Encyclopedia Britannica, 2012) There are three different types of unemployment: frictional, structural, and cyclical. Due to various causes in the economy, there will always be a certainRead MoreCauses Of Unemployment And Its Effect On The Economy2406 Words   |  10 PagesEmpirical research aims to decompose causes of unemployment into those that changed equilibrium and those that caused demand-deficient unemployment. A potential explanation of a rise in the equilibrium unemployment is a rise in the generosity of unemployment benefit relative to wages in work. Therefore people spend longer periods of time unemployed in search for the ‘right’ job, thus leading to a rise in equilibrium unemploy ment. 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