https://padlet.com/reaston2_1/5jkjd6iuntct The unemployment rate is a critical indicator of the status of any economy. In groups, explain your specific concept of unemployment. Give at least one example of your concept. Finally, post a picture illustrating your concept. Use https://www.investopedia.com/ for research. en-us 2018-02-07 01:04:06 UTC 2025-10-25 16:23:13 UTC hello@padlet.com reaston2_1 https://padlet.com/reaston2_1/5jkjd6iuntct/wish/228915791 (Lucas's group)
Frictional unemployment is caused by persons unemployed during the process of moving from one job to another.

An example would be when a teacher is laid off, the unemployment increases until he or she is able to find another job at a different school.

]]> 2018-02-07 01:04:06 UTC https://padlet.com/reaston2_1/5jkjd6iuntct/wish/228915791 reaston2_1 https://padlet.com/reaston2_1/5jkjd6iuntct/wish/228915792 (Nick's group)

Seasonal unemployment is unemployment occurs in certain seasons as a result of some change. Seasonal unemployment comes about due to the shifts in demand for labor that occur in a predictable manner throughout the year. In certain seasons or periods of the year, demand for labor may rise or fall. 

For example, a lot of lifeguards are hired more in summer due to how many people go to beaches in these months. By fall and winter, many are unemployed since there are less people going to the beach and thus less of a demand for lifeguards. The same goes for employees of retail stores during the holiday months who are typically laid off after holiday shopping has slowed down.


]]> 2018-02-07 01:04:06 UTC https://padlet.com/reaston2_1/5jkjd6iuntct/wish/228915792 reaston2_1 https://padlet.com/reaston2_1/5jkjd6iuntct/wish/228915793 (Brandon's group)
Structural Unemployment is longer lasting unemployment brought on by shifts in the economy which are influenced by technology,competition and government policy.
Ex: mining: technological advancements in the mining industry cause machine labore to be more desired than human labor. This causes a rise in unemployment in the mining industry.
Ex 2: bus drivers; Tesla has invented autonomous semi that can drive itself. As a result, the demand for bus drivers will decrease as the semis become more popular.]]> 2018-02-07 01:04:06 UTC https://padlet.com/reaston2_1/5jkjd6iuntct/wish/228915793 reaston2_1 https://padlet.com/reaston2_1/5jkjd6iuntct/wish/228915794 (Kelvin's group)

Cyclical unemployement is essntially unemployement due to the overall demand of goods and services not being able to support full employement within an economy. When the demand of a product or service decreases, the firm does not need as many laborers and resources, meaning less employees are needed. Furthermore, GDP and cyclical unemploymenet are inversely proportional. As the GDP increases, cyclical unemployement decreases, and vice versa.]]> 2018-02-07 01:04:06 UTC https://padlet.com/reaston2_1/5jkjd6iuntct/wish/228915794 reaston2_1 https://padlet.com/reaston2_1/5jkjd6iuntct/wish/228915795 The civilian labor force is the sum of all eligble civilians who are employed and unemployed. The eligiability requirements are they must be above age 16 and not in prison a mental institution, prison, or a nursing home. The Armed Forces are not included in the civilian labor force as while in service they are not civilians.
Example: anyone who meets the requirments and is legally working or looking for a job.
(Jack Latham's group, focus on the requirements to be part of the labor force)
I know this isn't Maya's fault, I'm pointing the finger at Jack and Tyler for not typing anything yet.... (Mr. Easton) It is all Maya's fault shes is the biggest slacker in this group and honestly dead weight
I am taking great offense to these accusations
Guilty until proven innocent
I still have the best grade though
But you still want to go to UCR over Princeton and Yale
Oooooo gotem
At least i got in🤭
Im not even going to finish high school so you right
Picture:]]> 2018-02-07 01:04:06 UTC https://padlet.com/reaston2_1/5jkjd6iuntct/wish/228915795 reaston2_1 https://padlet.com/reaston2_1/5jkjd6iuntct/wish/228915796 (Morgan and Abdul's groups)

A discouraged worker is somebody that is able to work but does not go out into the labor force to find employment. To become a discouraged worker that particular person has to be unemployed for over four weeks without finding a job that he likes or will not hire him. Gives up trying to find a job. For example a high school student that has no previous work experience, is unable to find a job.]]> 2018-02-07 01:04:06 UTC https://padlet.com/reaston2_1/5jkjd6iuntct/wish/228915796 reaston2_1 https://padlet.com/reaston2_1/5jkjd6iuntct/wish/228915797 🌠's group 🤮

The natural rate of unemployment is the lowest unemployment rate, caused by real or voluntary economic forces. It is also the combination of frictional, structural, and surplus unemployment. The natural rate is most affected by the number of youthful workers in the labor force, as well as public schools that discourage employment or job creation, such as high minimum wage, generous unemplyment benefits and few employer disincentives with laying off workers.]]> 2018-02-07 01:04:06 UTC https://padlet.com/reaston2_1/5jkjd6iuntct/wish/228915797 reaston2_1 https://padlet.com/reaston2_1/5jkjd6iuntct/wish/228916228 (Alfredo's group)
Undermployment is when workers are working, but aren't working at their full capacity. This also includes people who are working part time, but wish to work full time. An example would be a person with an engineering degree working as a pizza delivery man. This person would be able to benefit the economy more working as an engineer, however because he is not, his skill is wasted. This also apllies to people working part time, as they are willing to greater benefit the economy with more labor, but are currently not doing so. ]]> 2018-02-07 01:05:41 UTC https://padlet.com/reaston2_1/5jkjd6iuntct/wish/228916228