0
When someone is unemployed, the obviously don't have a job, so they don't get a paycheck. Which means the people who have a job and work hard have to support the unemployed people with our tax money, or they could get on the Welfare System. There is alot of unemployment these days in this terrible economy and right now we are so far in debt it's not even funny.
Wiki User
∙ 15y ago
Wiki User
∙ 13y agoIt makes the world suck
Add your answer:
Earn +20 pts
How does a low unemployment rate affect a nation's economy?
The nation has a higher number of productive resources when the unemployment rate is low.
What socio-cultural factors that affect child birth?
socio cultural statuses of an individual, wages, unemployment and economy
How did the panic of 1837 affect the economy?
the panic of 1837 affected the nations economy by entering an economic depression where the business and unemployment fell to a very low level.
What are the factors effecting improve your economy?
There are several factors that can improve the economy. The biggest factor that can improve and economy is a low unemployment factor. When unemployment is falling the economy usually improves.
Why might unemployment not be a concern of the US economy?
Unemployment in the U.S is a huge issue.
What are macroeconomic factors?
Macroeconomic factors are the factors which affect the wider economy. In other words these factors seems to summarize the picture of economy. For example, unemployment, inflation rates, GDP etc. All these tell us about the story of whole economy.
Why isn't full unemployment the same as zero unemployment?
Full employment doesn't mean that there is zero unemployment. Full employment only means that the economy is operating at full employment because there is only structural unemployment, frictional unemployment, and seasonal unemployment. Remaining unemployment is cyclical. Even when an economy is working properly, it will experience frictional, seasonal, and structural unemployment. (gp)
Is unemployment micro economy?
No it macro environment
What is an acceptable unemployment rate?
5.4% when the economy is good. 9.5% when the economy is in a recession.
Why isn't full employment the same as zero unemployment?
Full employment doesn't mean that there is zero unemployment. Full employment only means that the economy is operating at full employment because there is only structural unemployment, frictional unemployment, and seasonal unemployment. Remaining unemployment is cyclical. Even when an economy is working properly, it will experience frictional, seasonal, and structural unemployment. (gp)
Environmental-protection laws can be bad for the economy because they may do what?
Environmental-protection laws can be bad for the economy because they may increase unemployment.
How do the different types of unemployment affect the economy?
There are 5 different types of unemployment: Frictional, Seasonal, Cyclical, Hardcore (or longterm) and Structural. The only type of unemployment that can be fixed or conrolled is Cyclical unemployment, due to fluctuations or recession in the business cyle. Cyclical unemployment causes employers to cut down workers, due to cost cuttings because there is a recession. Everything else is natural.
