StudyKraken Economics
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Unemployment and Unemployment Rate

Topic: Economics Words: 230 Pages: 1

Considering the OECD (Organization for Economic Cooperation and Development), unemployment is defined as individuals over a certain age (commonly 16) who are neither employed nor self-employed but are searching for work during the time frame. The unemployment rate, which is the utter sum of people without jobs as a percentage of the workforce, is utilized in order to calculate unemployment. Although it is believed to be a negative process, its advantage is that individuals are accessible for recruitment without the need to leave their current jobs, allowing both existing and future companies to hire employees. Unemployment is relevant in today’s society since it means the economy is not providing the maximum use of the labor force and is not creating as many products and services as possible, resulting in issues.

David Blustein is an American professor at Boston College, Carolyn A. and Peter S. Lynch School of Education and Human Development. He focuses on the research on the effects of employment on psychosocial adjustment, counseling development, and occupational and behavioral science. Considering unemployment, David Blustein conducted a study connected to the conditions for the labor force and recruitment during the time of COVID-19 (David Blustein). Poverty, decent jobs, hazardous work, partnership and collaboration, the future of physical labor, career advancement for disenfranchised students, and other facets of the rapidly evolving labor environment are among his areas of expertise.

Reference

David Blustein. (n. d.). Web.

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StudyKraken. (2023, March 11). Unemployment and Unemployment Rate. Retrieved from https://studykraken.com/unemployment-and-unemployment-rate/

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StudyKraken. (2023, March 11). Unemployment and Unemployment Rate. https://studykraken.com/unemployment-and-unemployment-rate/

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"Unemployment and Unemployment Rate." StudyKraken, 11 Mar. 2023, studykraken.com/unemployment-and-unemployment-rate/.

1. StudyKraken. "Unemployment and Unemployment Rate." March 11, 2023. https://studykraken.com/unemployment-and-unemployment-rate/.


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StudyKraken. "Unemployment and Unemployment Rate." March 11, 2023. https://studykraken.com/unemployment-and-unemployment-rate/.

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StudyKraken. 2023. "Unemployment and Unemployment Rate." March 11, 2023. https://studykraken.com/unemployment-and-unemployment-rate/.

References

StudyKraken. (2023) 'Unemployment and Unemployment Rate'. 11 March.

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