Unemployment
Unemployment is one of the major economics problems. People who are considered unemployed are those who are seeking work or laid off for more then a week. There are many different reasons why a person could be unemployed. Three of those causes are cyclical, structural and seasonal unemployment. The government tries to find solutions in order to reduce unemployment by making up policies.Cyclical unemployment is one of the causes that creates unemployment. When a person is cyclically unemployed, it means that the income is limited to the economic state and there are more jobs when economy is well however when it’s not the number of jobs available decrease. Also when people have less spending money it creates many cutbacks and loss of jobs. Therefore, this form of unemployment is usually temporary. When there is an economic growth, cyclical unemployment reduces. Structural unemployment is another cause that creates unemployment. As time goes on, consumer’s demand changes, which causes a growth in one industry, a decrease in another or it may lead to a complete shut down of a industry. And even though
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Approximate Word count = 745
Approximate Pages = 3 (250 words per page double spaced)
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