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Unemployment

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by

Sam Livorno

on 11 October 2016

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Transcript of Unemployment

Types of Unemployment
frictional
seasonal
structural
cynical
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Frictional
Frictional unemployment occurs when:
people are transitioning from jobs
Companies thinking there are not enough qualified people for a job, when there are.
Seasonal
Seasonal unemployment :
Occurs during certain times of the year.
Occurs when a business only runs for a period of time.
Unemployment
By: Sam Livorno
National: (June 2016)
Most recent unemployment rate is 4.9%
Past US Unemployment
Other Countries
Italy:
National
April 2015, 12.4%

Structural Unemployment
Structural Unemployment occurs:
When a business is going under changes in it's program.
Can be caused be new technology.

Cynical Unemployment
Cynical unemployment:
Fluctuates with the economy.
Only occurs when the economy is down or a business is not booming.

The United States Unemployment Rates
Local: (April 2015)
Most recent unemployment rate in Lycoming County is 5.5%
National
2006, 4.6%
2010, 9.6%
Local
2006,5.2%
2010, 11%
Full transcript