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In compiling unemployment statistics for the United States and other developed countries an unemployed person is defined as anyone who is capable of working and is actively seeking work but is unable to find a job. ... Unemployment is widely used as a measure of workers welfare because of the human costs and feelings of rejection and personal failure. ... The total labor force also includes members of the Armed Forces stationed either in the US Or abroad. The unemployment rate represents the number unemployed as a percent of the civilian labor force.2
Unemployment can be divided percent of the civilian labor into three types known as frictional, structural, and cyclical. The first form of unemployment is frictional unemployment. Frictional unemployment arises because workers seeking jobs do not find them immediately. ... The amount of frictional unemployment depends on the frequency with which workers change jobs and the time it takes to find new ones.
Approximate Word count = 654
Approximate Pages = 2.6
(250 words per page double spaced)
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