What is hidden unemployment

Reference no: EM133295165

Assignment:

1. ???Discuss fully the three main types of unemployment.

2. ???Explain how policy makers can reduce the different types of unemployment.

3. ???What is hidden unemployment? Discuss its effect on the unemployment rate.

4. ???List the reasons the official unemployment rate in most countries may not reflect the true social burden of unemployment. Explain whether the official numbers overstate or understate true unemployment in light of each reason you discuss.

5. ???Government officials find it useful to measure the nation's economic health. The unemployment rate is currently used as a major indicator of the relative strength of the labour market. Do you think the unemployment rate is a useful indicator of labour market? Why?

6. Categories each of the following cases according to the unemployment type:

a. lack of a job because of the time of year

b. long-term unemployment related to lack of marketable job skills

C. temporary unemployment related to finding a job or switching jobs

d. An employee who was hired for the Christmas season is laid off after Christmas.

e. A worker is laid off due to reduced aggregate demand in the economy.

f. A new college graduate is looking for employment.

g. A worker loses a job at a cassette manufacturing industry because of people switches from the use of cassettes to compact disks (CDs).

h. A worker loses a job at a shoe factory when the economy falls into a recession.

7. Explain full employment.

8. Discuss the economic costs of unemployment to the individual and society.

9. Discuss the noneconomic effects of unemployment.

Reference no: EM133295165

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