Unemployment

Unemployment

Article 1

The Cost of Unemployment - The Price to be Paid

The term “unemployment” applies to anyone who is capable of working and desires to work but cannot find work. Those people who are retired, ill, do not wish to work, or attend school are not classified as part of the labor force or counted in the national unemployment rate. This concept of unemployment dates from the late nineteenth century and the rise of industrialized wage economies. The unemployment rate is figured by dividing the number of unemployed by the total number in the labor force. A two percent unemployment rate in ...