UNIVERSIDAD

TCNICA DEL
NORTE

GROUP N 1
MEMBERS:

5 to C

Ins Sandoval
Gerson Camacs
Paulo Villalba
Byron Irua
Katty Noguera

UNEMPLOYMENT

CONTENTS

Definition

Costs of
unemployment

Types of
unemployment

Measurement

Causes of
unemployment

Solutions

UNEMPLOYME
NT

Definition

Unemployment
refers to a situation
in
which
the
workers who are
capable of working
and willing to work
do
not
get
employment.

Types of
unemployme
nt

Seasonal
unemployme
nt

Cyclical or
Keynesian
unemployme
nt

Frictional
unemployme
nt

Structural
unemployme
nt

Frictional
unemploym
ent occurs
when a
worker
moves from
Frictional
one job to
unemploymen another

It is a result of
imperfect
information in
the labor
market,
almost no
time would be
lost in getting
a new job

because if job
seekers knew
that they
would be
employed for
a particular
job vacancy,

almost no
time would
be lost in
getting a new
job,
eliminating
this form of
unemployme
nt.

Structural unemployment

Cyclical
unemployment

SEASONAL
UNEMPLOYMENT

SEASONAL
When an occupation
is not in demand at
certain seasons.

CAUSES
High Population
growth.
Absence of
employment
opportunities.
Seasonal
Employment.
Slow Developing of
Industries.
Insufficient Rate of
Economic Progress.

COSTS OF
UNEMPLOYMENT

INDIVIDUAL

SOCIETY

Individual

Unemployed individuals are unable

to earn money to meet financial
needs.

Mental stress

Leading to
depression

SOCIETY

SINCE IT IS
OPERATING
BELOW ITS
PRODUCTION
CAPABILITY

Measuremen
t

Unemployment rate=unemployed
worker/total labor force*1oo

Solutions

A Change in the pattern of

investment

Encouragement to small
enterprises as against big
enterprises
Encouragement of
New Growth Centers
in Small Towns and
Rural Areas

Subsidies on the Basis of

Employment

Reorientation of Educational
Policy