Why will we never reach a zero% unemployment rate?

There are three kinds of unemployment: Frictional, cyclical, and structual.

Frictional unemployment are people quitting jobs, getting fired, moving, just graduating from school, reentering the workforce after having children, and so on. These people are unemployed only temporarily but still fit into the unemployment statistics.

Cyclical unemploymet is unemployment that occurs due to the business cycle. When there is a recession, there are people put out of work. The general economy is not experiencing this right now (outside of a few industries like home building and mortgage lenders). That is why we have a historicaly low unemployment rate right now.

Structual unemployment is when there is demand for labor, but the unemployed do not have the desired skils needed, or are just incompedident, lazy, or cant take any resposibility.

Assuming that there is not a recession going on, the cyclical unemployment does not exist, but there are always people who fit into the other two.

People change jobs all the time, for good or bad, and there is always a segment of the population that is lazy, incompedint, etc, and just cant hold down a job. These two reasons are why %26quot;full employment%26quot; is considered to be around 5% or so historically.

But what you have to keep in mind, is that a 5% unemployment rate does not mean 5% of the population can never find work. It includs the temporary people. The average time of unemployment is about 8 - 9 weeks right now.

Only about .5% - 1% of people fit whithin the long term structual enemployment who just cant get and hold onto jobs.

Why will we never reach a zero% unemployment rate?heart rate monitor

We are constantly adding to the work force with people leaving school or returning to work after a hiatus.

0% unemployment is not even a desirable goal. If we have that, there is no labor pool for expansion of existing businesses or for the opening of new ones.

Why will we never reach a zero% unemployment rate?

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I will bring an example to show that it%26#039;s impossible: one of the types of unemployment studied by economics is frictional unemployment, which counts those who are seeking a new (possibly better) job or changing it. Since workforce is not %26quot;binded%26quot; to workplace there will always be some people unemployed. Further, a lot of people can be considered economically active (i.e. be part of those who can work), but still be out of actual workforce due to certain reasons (students, unwillingness to work, etc.).|||Because the bible says there will always be the poor.|||There are different types of unemployment which are unavoidable such as

Frictional unemployment wen pple move from 1 job 2 another:

Seasonal Unemployment due to changing seasons%26amp; demand for labour depending on the nature of job;

Cyclical unemployment which is cozd by fluctuations in demand for labopur, depending on the economic upswings or recession, In addition to that the number of pple employed depends on the demand for labour by firms. Firms will not hire more labour than they need just to lower unemployment bcoz they are profit making units

then Structural unemployment cozd by the situation in which pples%26#039; skills do not match with the job requirement skills. This is also aggravated by a growing population rate which is larger than the GDP growth rate

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What do I think of the Michigan unemployment rate?Why do you think so many people,are moving out of

Like myself,I am unemployed and seriously thinking of an out of state move real soon. Taxes are also being raised,and this is another reason,why so many people are moving out of state.It is awful,that people have no choice,but to put their home up for sale,and move on.Our Big 3 factories are in trouble,and then everyone else is too.

What do I think of the Michigan unemployment rate?Why do you think so many people,are moving out of state?credit card debt

I agree. My wife can%26#039;t find a job to save her life (medical records management). And, I can transfer with the company I%26#039;m with. We%26#039;re seriously considering leaving.

What do I think of the Michigan unemployment rate?Why do you think so many people,are moving out of state? loan

Blaim your governor for the tax hike. She is a democrat, a Liberal. She was not even born in the United States, but was in Canada. She can%26#039;t know what is best for Michigan. I%26#039;ll bet you a thousand dollars she doesn%26#039;t even buy her cars from Detroit! I%26#039;ll bet my last dime she buys them from Japan while she makes taxpayer%26#039;s pay for her Limo driver!|||All Governor Granholm needs to do is to continue to raise taxes until the people and business return. The more taxes you pay the more you want to live here, right?|||My wife, who has a master%26#039;s degree, a teaching certificate, and a paralegal certificate, has been looking for a job for over a year. I%26#039;m very fortunate because my job pays well enough for the two of us to keep our little ranch in Redford Township. My whole family is here, as is hers, so we%26#039;re not going to move. We%26#039;re the exception to the rule. I can%26#039;t see any reason for anyone to stay here with the economy as bad as it is, the Big Three about to go under for good (the only good thing about that is it%26#039;ll mean the end of the worst thing to ever happen to the auto industry -- the UAW) and a moron in the Governor%26#039;s mansion saying %26quot;We%26#039;re so sorry that so many people in Michigan are out of work and having such a tough time getting by, so to fix the problem we%26#039;re going to take away more of what we already know you don%26#039;t have and give it to a government that will be in no way held accountable for how that money is spent.%26quot;

Don%26#039;t blame me; I voted for Dick DeVos.|||We have a similar problem in Ohio, massive job losses, lousy economy. Most of college grads seem to permanently leave the state ((same for the past 2 decades).

There are macroeconomic changes under way that will devastate automotive %26amp; manufacturing. This harms OH, %26amp; MI even moreso. You can%26#039;t blame the governor/government for that.

However what is clearly required is some sort of plan to create jobs in our states and keep *good* jobs here. and to encourage the educated to stay here. Ohio%26#039;s gov has completely failed at that and I think MIchigan is the same.

I had a small biz for the past 11 years and recently stopped and went to work for a company headquartered in California. The laws in OH for small biz are horrible. I%26#039;ve been involved in several attempted Tech startups and no one in this part of the nation seems to understand ventuer capital. They will bankroll a service business or a retail, but there is absolutely no money for anything that will create good jobs. The one startup that did get off the ground was immediately moved to Arizona (a right to work state without the union and workerscomp problems) as soon as the initial design work was done and a customer secured.

People will have to get far angrier about the situation before anything will be done.|||Your right on the Unemployment, yet our government in the U.S. is allowing it to happen in more states also. We do not make it fair for manufacturing in the U.S. to make products by allowing more imports in with out the proper taxes to make it fair. yet if you look at the taxes foreign countries charge us to bring in our goods it charged way more than it should be. Our government is helping us to fail here in the U.S.|||michigan has a canadain socialist for its gov. she has taxed everything and every one to death. Peopel and jobs are leaving and moving to sane states with sane governments. She and bush should marry, hes ruining america and she,s ruining michigan

What city in Canada has the highest unemployment rate?

Iqaluit, Nunavut

What city in Canada has the highest unemployment rate?care credit

quebec ******

What city in Canada has the highest unemployment rate? loan

When did they get cities in Canada?|||Detroit|||all cities probably... b/c you dont have to have a job to have med. insurace!|||idk, try living in michigan|||I would say anywhere in Newfoundland. They all move else where to work because the province has nothing to offer. There are more newfies in Alberta than native Albertans in some towns.

How will increasing minimum wage help the unemployment rate?

It wont. Increasing the minimum wage makes small businesses have to employ fewer people because they can%26#039;t afford to pay more. It obviously helps people who are already working at minumum wage, but hurts people who are looking for jobs.

How will increasing minimum wage help the unemployment rate?inflation rate

No that will mean that employers will have a larger payroll expenditure and will be less likely to hire more people.

How will increasing minimum wage help the unemployment rate? loan

It won%26#039;t, the unemployment rate is unrelated to minimum wage, time and again it is nothing more than a shift in assets.|||it wont it will actually decrease the workforce if it raises pay|||I don%26#039;t think it will help the unemployment rate... On that note, I don%26#039;t think that it will really help the minimum wage workers.. Wages go up, cost of living goes up!

I have a great idea... It willnt help anything but, lets see the lovely elected officials of the Louisville Metro Government work for minimum wage. That would be a hoot! Better yet, lets go out to Prospect and tell them that they cant pay their maids/ nanny%26#039;s/ gardeners minimum wage anymore. Talk about a revolution!

How does immigration affect bordering states (TX) unemployment rate?

As a rule it%26#039;s going to increase Unemployment,or at a minimum force people into other professions since most cannot afford to work at the wages Illegals will take. After all it%26#039;s easy to undercut the other guy when you%26#039;re not sending the IRS their cut,as is the case with the vast majority of Illegals.

Others who are forced out of their jobs by Illegals undercutting them will also often go into business for themselves,as my brother did. So I suppose it helps some in the long run. As long as people aren%26#039;t stupid enough to believe that all this %26quot;cheap labor%26quot; is helping them,because it is not helping,and in the long run it isn%26#039;t cheap either.

Every community that gains a large Illegal Population inevitably sees declining schools,increasing taxes,ever increasing crime rates and overburdened social services. So in the long run all this %26quot;cheap labor%26quot; is actually rather expensive.

YTP

How does immigration affect bordering states (TX) unemployment rate?credit bureau

Illegal immigrants take jobs like roofing, construction and factory work away from American citizens. They wire most of their money back to Mexico and drive down wages. So yes they have a very detrimental effect.

How does immigration affect bordering states (TX) unemployment rate? loan

There are those who say only illegals will work certain jobs. Not so. There are any high schoolers and kids waiting to enroll in college who are legal citizens who apply for temporary jobs in the entertainment industry, restaurant industry, and I can remember when many yard crews were 17- 22 year old Anglo or black men. Illegals have driven wages down, so these legal kids can no longer find work. So... yes, it affects unemployment. Also, where the legal citizen spends his money here, the illegal sends it back home to Mexico.

How have either history or technology effected unemployment rate?

Technology makes it rise. Go to a ford plant and see all things that are being accomplished mechanically today. Years ago human beings where doing them.

Mechanization and the improvement of technology to become more robotic in manufacturing trades had cost jobs.

How have either history or technology effected unemployment rate?child tax credit

xcbv

How have either history or technology effected unemployment rate? loan

Look up the industrial revolution and this will tell you how both technology and history have effected unemployment.

Where can you go to find the unemployment rate for your state?

The Bureau of Labor Statistics

http://www.bls.gov/web/laumstrk.htm

Where can you go to find the unemployment rate for your state?mortgage lenders

try googling unemployment and the name of your state. It should give you the right site.