Saturday 28 June 2014

The Type of Unmployment That You Are.

Unending frustration lies in a family if you are unemployed in spite of having all fitness. A great recession in the world economy some times even upset the whole scenario. It blocks  new graduates to get a job that he or she truly deserve to have. It is practically true when you go through the employment data. The data would demonstrate real picture when the economic turmoils start in any country. The title of the content refers your job status that you are currently holding.

As you like to get a more clear view, I need to be particular. If there pose a question like "Are you in Job ?" You would respond accordingly. The job that you are currently doing  means employed. On the other hand, you are seriously in search of a job means unemployed.  And third category is that you are not pursuing a job actively means you are out of the labor force.

You are in three category that determines status of position in the job. You may belong to frictional unemployment or structural unemployment or cyclical unemployment. There are more two common type of unemployed . They are underemployed and discourage worker. Frictional unemployment talks about temporary job. You can say transitional job. Cyclical unemployment happens at the period of economic turmoil. During recession there happens ups and downs in the job market.

The type of unemployment is a factor when you like to get a overview of labor market. It is helpful for the policy maker to adopt a future plan at policy level. Labor  force is a driving force to accelerate  the economy of a country. I starts my writing with  family frustration but this frustration does not last long. Uncertainty disappears and job prospects rises high when effective policy are implemented effectively from the grass root to top  level.  









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