Topic / Unemployment

Unemployment

Unemployment related content:

Unemployment stories:

Foreclosures hitting more people with good credit
Nov 19th, 2009 - sacbee
Foreclosures hitting more people with good credit WASHINGTON (AP) - The foreclosure crisis likely will persist well into next year as high unemployment pushes more people out of homes...
Congressman calls on Geithner to resign
Nov 19th, 2009 - DailyFinance
It's rarely much fun to watch government officials testify before Congress. But Rep. Kevin Brady (R-Texas) managed to add a charge to a hearing held Thursday morning by...
Mortgage delinquencies hit record high
Nov 19th, 2009 - MSNBC
WASHINGTON - A rising proportion of fixed-rate home loans made to people with good credit are sinking into foreclosure, adding to concerns about the strength of the economic recovery. Driven by rising unemployment...
UK Retail Sales Rise for Second Month on Clothing
Nov 19th, 2009 - Bloomberg
Nov. 19 (Bloomberg) -- U.K. retail sales rose in Octoberfor a second month, driven by clothing as consumer spendingpicked up after the longest recession on record. Sales increased 0.4 percent on the month...
Liberal Groups Say Stimulus Didn't Work
Nov 18th, 2009 - FOXNews
The news that is not White House approved... Conservatives are not the only ones that think the president's stimulus package was a colossal failure. Believe it or not...

Unemployment videos from YouTube:

2:08
How to Survive Unemployment
Survive unemployment and come out stronger with these coping strategies.
5:34
16.8% unemployment rate
Also check me out on www.facebook.com and www.twitter.com
2:28
Unemployment Hits 16.5% (U6) Unbelievable
inflation.us What the MSM won't report, U6 unemployment form the BLS, a government reporting agency, is the closest reporting they have for true unemployment. Can anyone say depression? This ...
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Massive unemployment could lead to riots says Dr. Brzezinski
Dr. Zbigniew Brzezinski was on Morning Joe this morning to discuss the economy, his suggestions for turning it around , and a warning about unemployment and class warfare.

Unemployment from WikiPedia:

Unemployment occurs when a person is available to work and seeking work but currently without work. The prevalence of unemployment is usually measured using the unemployment rate, which is defined as the percentage of those in the labor force who are unemployed. The unemployment rate is also used in economic studies and economic indices such as the United States' Conference Board's Index of Leading Indicators as a measure of the state of the macroeconomics.

Most economic schools of thought agree that the cause of involuntary unemployment is that wages are above the market clearing rate. However, there are disagreements as to why this would be the case: the economists argue that in a downturn, wages stay high because they are naturally 'sticky', whilst others argue that minimum wages and union activity keep them high.