Types of Unemployment: Frictional, Structural, Cyclical, and Seasonal

We just learned about the labor force, but what about those who are unemployed? What are the reasons that people might be unemployed? What does this signify about an economy? Is it possible or desirable for there to be zero unemployment? Let's dig into this concept now!

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[charlesburke]

Some unemployment isn't really unemployment. Some unemployment is just thousands of guys waiting to get discovered as rappers.

[glennpearson]

This whole series on economics has been extremely informative. A lot of people don't understand the U.S.' definition of Unemployment Rate, and it gets misused quite often - even by certain past Presidents. Thanks, again, Professor Dave, for another solid teaching moment.

Also, just out of curiosity, back when you were doing the band gig, did you consider yourself employed or underemployed? Watching all those videos on your other channel, it certainly seems like you were enjoying the music.

[nizz]

Oh my god, I've got a social studies exam at the 30th of this month. My whole class got confused at these type of unempolyments.
Thanks a lot, Professor Dave!! This is exactly what I needed.

[Allvollkommenheit]

Unemployment, the final frontier, these are the voyages of an unemployed, who is continuing mission, to seek out how people without work can become happy, to boldly go where no man has gone before. 🖖 (Into a future were industry and economy are completely automated and we all receive an unconditional basic income.) Cheers 😉

[toriebeck]

Just found your channel and binge watching. Love it! Where do people on Social Security Disability fit in? It’s so true what you said at first that your job is a big part of your identity. Not working really changes things you never think it would.

[studypurposes]

Omg this is like magic. My Social Studies teacher just discussed this!!

[longlostwraith]

You didn't say WHY it's impossible to have %0 unemployment.

In a nutshell, it's not good for business. Employers must be able to extract as much value out of their employees as possible, and they can do that partly by always indirectly threatening them with unemployment, as there exist many people who can take their place. Job security is not profitable.

[marome]

What is it called when you have a disability and go to government programs for 10+ years and ask for a job, but you don't get taken seriously, and only get internships thst lead nowhere, and when you're 30 years old you get kicked out of the programs even though the company you were at the last time promised you a job if you interned for a couple more weeks?

[_coconut_]

Oh this is why I'm unemployed rn?

[themeantuber]

The ideal situation would be for a person to live in Minnesota and be able to both, mow lawns and plow snow. Or just move to Minnesota, if they already have the particular skill set... 🤔

[xellosblackforest]

Mmmm .. as a former HR student, it's a good refresher course for me

[rupindersodhi]

Well done Dave.Thanks! Professor School of Business Conestoga College Ontario Canada

[wasanderesalsihrseid]

Would be nice to see sociology here. It'd be great if you could explain Luhmann, Bourdieu, Berger and Merton etc. to us.

[imeshinipremachandra]

you gave me big idea by few minutes. that's great!🤩

[CT-ycgd]

One thing Id like to note is that some employees aren't necessarily bad employees, but fired because of egotistical bosses who came across a slight that they committed and used that in documentation for their termination of employment.

[safazalreshi]

Why I feel prof Dave is having a shift from general science content or has he completed all those topics

[stormrider]

"Hitler had dared to declare Germany independent of international finance. He had dared to find work for the unemployed.... He had dared to dethrone money as the god of the human race. He had dared to remove the class barriers thrown up on the pavement of gold." - William Joyce, "Twilight Over England", 1940

[sankaranarayanan]

15-06-2024
learnt about types of unemployment

[BrawlBonk]

Hello Mr Dave I want you to make more planet Video I miss it
Hopefully I don't ask to much
Love you .

[cryptianoronaldo]

Can seasonal employees apply for unemployment in Colorado?