Get Instant Help From 5000+ Experts For
Get Instant Help From 5000+ Experts For
  

Unemployment Assignment & Homework Help Online

Are you struggling with the Unemployment Assignment? Do you need Unemployment Assignment Help? Unemployment Homework Help?

Unemployment Assignment Help

Our team of Economics experts equipped with PhDs and Masters can help on a wide range of Economics assignment topics.

The classical economic model of labor market relies on supply-demand analysis for studying the wage rate and the level of employment in an economy. And for showing how these variables are linked to output and productivity. The employment model is based on the assumption that all workers who are willing to work at the prevailing wage rate are able to find jobs. In reality, of course, not everyone who is wants to work finds a job. There’s always some unemployment. It implies that, at any point of time, there’s always under-utilization of society’s labor.

Unemployment

Who are employed and who are not:

1. Employed: If a person worked full-time or part-time during the past week (or was on sick leave or vacation from a job). 

2. Unemployed: If a person didn’t work during the past week but looked for work during the past four weeks and

3.  Not in the labor force: If the person didn’t work during the past week and didn’t look for a work during the past four weeks. Ex: full-time students, homemakers and retirees.

There’s always unemployment. Why?

Even the economy is growing vigorously and many new jobs are being created, some people remain unemployed. Why unemployment has become a permanent feature in any economy. Here, we need to the kinds of unemployment. There are two kinds, one is frictional and the other is structural.

Frictional unemployment:

The labor market is characterized by a great deal of searching by both workers and firms. Unemployed workers search for suitable jobs, and firms with vacancies search for suitable workers. If all workers were identical and all jobs were identical, these searches would be short and easy. The problem is that neither the jobs nor workers are identical. Workers vary in their talent, skills, experience, goals and geographic location and the amount of time and energy they are willing to spend on the job. Similarly, jobs vary in skills and experience required, working conditions, locations, hours and pay. Because of these differences, an unemployed worker may search for several weeks before finding a suitable job. Similarly, a firm may search for a considerable time before It is able to hire a suitable worker. The unemployment that arises as workers and firms search for jobs and workers respectively is called frictional unemployment. Because, the economy is dynamic, with jobs continually being created and destroyed and workers continually entering and exiting the labor force, there’s always some frictional unemployment.

Structural unemployment:

The workers who are not able to find jobs for a long time are called as chronically unemployed. This is not due to the matching process, but due to many other factors. People in these situations don’t seem to search for a work very intensively and don’t find a stable job. Structural employment can be of two reasons. First, unskilled or low-skilled workers often are unable to find suitable and long-term jobs.  Second, is the reallocation of labor from industries that are shrinking, or regions that are depressed, to areas that are growing. If one industry is failing and another industry is prospering then the labor from the failing industry can be shifted to the prospering industry. But, the transition will take time and there will be unemployment until the workers are hired by the new industry and/or skilled enough to find a job. According to Okun’s law, a 1 percentage point in the increase in the rate of cyclical unemployment reduces the output by 2.5 percentage points.

Want to know how to proceed? 

Unemployment Economics Assignment Help

Fill up the assignment help request form on the right or drop us an email at support@helpwithassignment.com. Feel free to contact our customer support on the company 24/7 Live chat or call us on 312-224-1615.

HelpWithAssignment provides timely help at affordable charges with detailed answers to your assignments, homework, research paper writing, research critique, case studies or term papers so that you get to understand your assignments better apart from having the answers. The team has helped a number of students pursuing education through regular and online universities, institutes or online Programs.

Book Your Assignment

Drop files here or click to upload.
Or click here to upload

How It Works

Step 1

Upload
Assignment

Step 2

Get A Price Quote Within Minutes

Step 3

Make The
Payment

Step 4

Track Your Request Through Tracker

Step 5

Receive Completed Assignment In Inbox

Customer Reviews

Very good and so happy with the result of my criminal law paper. No improvement needed and I’m so much satisfied with the quality of the paper. Truly recommend…

Michael William Essay: , Deadline:

Michael William

Good job, I really appreciate your work. Keep it up all the time. we will not hesitate to recommend to you some friends, Regards

Mark Daniel Essay: , Deadline:

Mark Daniel

Most of myclassmates where very relaxed when it was time to deliver our ResearchProposal. They don’t perceive it to be important to invest time in selectingthe topic. The Research Proposal writer at HwA helped me to understand theimportance of choosing simpler and doable topics rather than creatingchallenges later during the time of conducting the research. Needless to saythat I was the only one in the class to get A+ in the Research Proposal and Ain the actual Research Paper. 

Zhi Jie Essay: , Deadline:

Zhi Jie

 My My dream of becoming a corporate cost accountant was hindered when I stumbled into the maze of the statements of financial position. However, the accounting assignment help experts at HelpwithAssignment.com helped me go through the rough patch and now while I am pursuing my Masters also, I rely on them and only them.

Alexandra Metaxas Essay: , Deadline:

Alexandra Metaxas

Thank you so much guys…!!! The final product was very precise, thoroughand was far beyond what I expected for. It’s simply awesome and best part isthat I got top grades in the assignment. I am very grateful toHelpwithAssignment.com. 

Stuart Essay: , Deadline:

Stuart

Though the assignment was given at short notice, I got the best work done and I got the expected score. Thanks a lot…

Jack Smith Essay: , Deadline:

Jack Smith

Get assignment help from subject matter experts!

4.7/5 rating | 1M+ happy students | Great tutors 24/7 | 11+yrs exp in academic writing