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.
Unemployment Problem, Its Cascading Effect and Solutions to Tackle the Issue from Different Angles
Technology And Unemployment Essay - Words | Internet Public Library
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This has created unemployment, but it has also increased supply and decreased the cost of production. Although people become unemployed, bills still have to be paid. There are three main types of unemployment: structural, frictional, and cyclical.