In every society there will always be a number of people who are unemployed. Unemployment is when there are people in our society who desire work but are unable to obtain it because of the fact that there are not enough jobs for everyone. This is bad for the America's economy because there are a lot of able-bodied and willing people out there, who simply cannot find employment.
There are five different types of unemployment: seasonal, frictional, hard-core, structural and cyclical.
Seasonal unemployment is when people are unemployed due to the changing of seasons, because in some seasons there are certain occupations that have a greater demand for work than others. For example, fruit pickers and sheep Shearer’s can work only at certain times of the year and will spend part of each year unemployed unless they can find work. People affected by seasonal unemployment often work very long hours during their working season to make up for the time that they will be unemployed.
Frictional unemployment is caused by people changing jobs constantly. A person who is unhappy with his or her job may quit their job in order to find something more suitable. A high quality secretary might leave her job because she is required to do minimal tasks like making coffee or washing plates and cups, or a factory worker may quit because his employer might not give him time off to attend a carpentry course that will improve his skills and qualifications. It will take both people some time to find new satisfactory positions and during this time they will be unemployed.
Hard-core unemployment is when people do not desire work, or who are willing to work but are unable because they are chronically ill, physically disabled or have some serious psychological problems.
Structural unemployment is the result of structural changes in the economy. This means that what the economy produces, and the way it produces it, changes over time. The main factor of